In-coming House Speaker John Boehner’s endorsement of Rep. Jeff Flake (R-AZ) for a seat on the chamber’s appropriations committee means that it’s probably a done deal. Flake is one of the few policymakers who actually live up to the fiscal conservative label. Thus, Flake’s appointment to a committee that many members think only exists to increase spending on special interests would be welcome news.
Tad DeHaven
The Fiscal Commission's Omission
President Barack Obama’s National Commission on Fiscal Responsibility and Reform was given the seemingly impossible task of crafting a budgetary blueprint to head off the country’s looming debt crisis in a way both Democrats and Republicans could accept. The commission’s final report was therefore predictable — with elements Republicans and Democrats could both like and dislike.
Huge Cost Overrun for FAA's NextGen
A year ago I discussed problems that the Federal Aviation Administration was having in trying to implement an overhaul of the nation’s air traffic control system. The “NextGen” overhaul would replace old-fashioned radar technology with modern satellite-based GPS navigation.
Rep. Kingston's Spending Cut Plan
An indicator of the incoming House Republican majority’s seriousness about cutting spending will be which members the party selects to head the various committees.
Disability Benefits Unsustainable
The disability insurance component of Social Security was created in 1956 to provide income support to individuals aged 50 to 64 who were permanently disabled. As is typical with government programs, eligibility and benefits were greatly expanded over the subsequent decades.
High-Speed Federalism Fight
In October, I speculated that the upcoming elections could be the nail in the coffin for the Obama administration’s plan for a nationwide system of high-speed rail. Indeed, some notable gubernatorial candidates who ran, in part, on opposition to federal subsidies for HSR in their states proceeded to win. However, Transportation Secretary Ray LaHood made it clear in a recent speech to HSR supporters that the administration intends to push ahead.
$125 Billion in Improper Payments
The Office of Management and Budget was recently pleased to announce that the rate of improper payments made by federal agencies decreased from 5.65 percent to 5.49 percent last year. There’s just one problem: the total price tag increased by $15 billion to $125 billion.
Plan to Balance the Federal Budget
Chris Edwards has released a Plan to Cut Federal Spending and Balance the Federal Budget.
Earmark Ban is Only Round One
The ban on spending earmarks adopted this past week by Republicans in the House and Senate represents a Round One victory for the tea party over a GOP establishment that took pork-barrel spending to a new high (or perhaps low) during the Bush years. Congressional Democrats – still reeling from their electoral pummeling – are about to find themselves largely alone in maintaining a practice that represents corruptive policymaking at its worst.
Happy National Entrepreneurs' Day?
President Obama has proclaimed today to be National Entrepreneurs’ Day. The president who has brought us regime uncertainty, more regulations, more government intrusion into the economy, more debt, and is proposing to raise taxes on productive businesses and individuals wants to celebrate entrepreneurship?