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  • Backgrounder posted October 26, 2010 by James L. Gattuso, Diane Katz, Stephen Keen Red Tape Rising: Obama’s Torrent of New Regulation

    Abstract: The burden of regulation on Americans increased at an alarming rate in fiscal year 2010. Based on data from the Government Accountability Office, an unprecedented 43 major new regulations were imposed by Washington. And based on reports from government regulators themselves, the total cost of these rules topped $26.5 billion, far more than any other year for…

  • Backgrounder posted March 31, 2010 by James L. Gattuso, Stephen Keen Red Tape Rising: Regulation in the Obama Era

    Revised and updated April 8, 2010 Abstract: Americans are endlessly paying taxes--on their income, on their property, on almost anything they purchase. But the heavy burden that the U.S. government places on its citizens does not stop there. It continues with a slew of hidden taxes imposed by an ever-larger number of government regulations. These regulatory…

  • WebMemo posted September 16, 2009 by Stephen Keen, J.D. Foster, Ph.D. Rein in Spending by Stopping the Stimulus and Ending the TARP

    As the fall of 2009 approaches, three facts have become abundantly clear: First, President Obama's economic stimulus bill has failed to halt the steady loss of jobs or pull the economy out of recession. Second, the federal budget deficit for 2009 will be a modern record by any measure. And third, the Troubled Asset Relief Program (TARP), originally intended to…

  • Backgrounder posted September 18, 2008 by Rea S. Hederman, Jr., Brian M. Riedl, Stephen Keen A Second Economic Stimulus Bill Will Fail -- Just Like the First

    The struggles of the U.S. economy have been foremost on the minds of voters and politicians. The housing industry has been in a downturn for more than two years, and the financial industry is in major upheaval, all of this despite a major economic stimulus package becoming law earlier this year. Indeed, six months after Congress passed the first economic stimulus bill,…

  • WebMemo posted September 9, 2008 by J.D. Foster, Ph.D., David C. John, Stephen Keen Fannie and Freddie: Time to Clean up the Mess and Move Forward

    After years of warning and months of high drama, the Treasury Department recently took the unfortunate but necessary step of seizing Fannie Mae and Freddie Mac (Fannie and Freddie). Treasury placed the two institutions into conservatorship and provided the means and terms by which Treasury would recapitalize them as necessary. The cost to the taxpayer is unknown at…

  • WebMemo posted July 30, 2008 by J.D. Foster, Ph.D., Stephen Keen Senate Tax Extenders: Another Sneaky Tax Hike

    The "Jobs, Energy, Families, and Disaster Relief Act of 2008" is set for a cloture vote in the Senate. This is the first legislative step in yet another attempt by Congressional leadership to hike taxes under a cloak of faux fiscal discipline.  The legislation includes an Alternative Minimum Tax (AMT) patch for 2008.  It also extends nearly one hundred expired or…

  • WebMemo posted July 8, 2008 by David C. John, Stephen Keen Keep Wind Coverage out of Flood Insurance Conference Report

    As Congress begins its final weeks before the upcoming elections, the National Flood Insurance Program (NFIP) reauthorization appears as if it might finally be considered in conference committee. However, the conference report on the reauthorization of the NFIP should not be bogged down by irresponsible expansion into coverage of wind damage. While the House bill…

  • WebMemo posted December 12, 2007 by Nicola Moore, Stephen Keen, Brian M. Riedl Five Benchmarks for the Omnibus Spending Bill

    Nearly three months into the new fiscal year, only one of the 12 appropriations bills for fiscal year 2008 has been signed into law. As the holidays approach, the Democratic Congress has given up on the responsible approach of passing each spending bill individually; instead, it will cluster the 11 remaining bills into a single omnibus appropriations bill that would…

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