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  • Commentary posted September 18, 2013 by Alison Acosta Fraser More Bad News for Chicago

    Friday the 13th brought more bad news for Mayor Rahm Emanuel and Chicago. Standard and Poor’s (S&P) revised the city’s bond outlook from stable to negative. Negative is… well… bad. But certainly this wasn’t a surprise. After all, Moody’s took even stronger action and actually downgraded the city’s bond rating in July. And it’s well known that the city has a couple of huge…

  • Play Movie The White House's Immigration Lies: Morgan on 'Cavuto' Video Recorded on September 12, 2013 The White House's Immigration Lies: Morgan on 'Cavuto'

    Vice President Derrick Morgan discusses some of the falsehoods the White House is spreading about immigration reform on Fox News' 'Cavuto'.…

  • Commentary posted August 21, 2013 by Alison Acosta Fraser Federal Spending Is Full of Surprises

    As Washington’s quiet August days dwindle down, Labor Day — and the return of Congress — draw nearer. With no spending bills passed and a debate looming over the debt limit, this fall promises to be quite contentious on Capitol Hill. So let me recommend some pertinent summer reading. Short and easy to read, The Heritage Foundation’s “Federal Spending by the Numbers” is…

  • Special Report posted August 20, 2013 by Romina Boccia, Alison Acosta Fraser, Emily Goff Federal Spending by the Numbers, 2013: Government Spending Trends in Graphics, Tables, and Key Points

    Introduction In 2013, federal spending approached $3.5 trillion and the deficit dropped to “only” $642 billion. Some are using this small improvement in the nation’s fiscal situation to avoid further budget tightening. But as the figures and graphics in this report show, this is the wrong conclusion to draw. Following four years of trillion-dollar deficits, the national…

  • Play Movie Detroit is Bankrupt, is Chicago Next? Fraser on Fox Business Video Recorded on August 6, 2013 Detroit is Bankrupt, is Chicago Next? Fraser on Fox Business

    Director Alison Fraser discusses Detroit filing for bankruptcy and the economic state of the city of Chicago on Fox Business' 'Markets Now'.…

  • Commentary posted August 5, 2013 by Alison Acosta Fraser Detroit Bailout Would Reward Bad Decisions

    I had just gotten to work one December morning in 1994 when my boss called an urgent, unscheduled meeting to announce we were filing for bankruptcy. Orange County, Calif., had just initiated what was then the largest municipal bankruptcy in the nation. Most of the taxpayers and workers in this large and prosperous county didn’t see it coming. Fast forward almost 20 years…

  • Issue Brief posted August 2, 2013 by Rachel Greszler, Alison Acosta Fraser Detroit’s Bankruptcy Marks the Tip of the Iceberg

    Detroit’s recent filing for Chapter 9 bankruptcy protection would protect the city from its creditors while allowing it to restructure its debts. The proceedings that follow will, in many respects, set precedents for the swell of municipal bankruptcies that are likely to follow. Some of these precedents will be set through the courts, but federal policymakers have the…

  • Commentary posted July 8, 2013 by James Jay Carafano, Ph.D., Derrick Morgan Fireworks Back Home Over Immigration Reform

    After months of back-room wheeling and dealing, the Senate passed a "comprehensive" immigration bill that proponents say solves all the big problems so wisely that the House would be shortsighted not to do likewise.   But as House members from both parties chowed down back home on hot dogs during a weeklong Independence Day recess, they encountered some fireworks in…

  • Play Movie Obama Vastly Exaggerated Sequestration Impacts: Fraser on Fox News Video Recorded on July 2, 2013 Obama Vastly Exaggerated Sequestration Impacts: Fraser on Fox News

    Senior Fellow and Director Alison Fraser discusses how the effects of sequestration have not been as devastating as the Obama administration warned on Fox News' 'Special Report'.…

  • Commentary posted July 2, 2013 by Alison Acosta Fraser Five Reasons to Worry About US Debt

    To read the news, you’d think America’s fiscal problems are under control. After all, following four years of $1 trillion-plus deficits, this year’s will be “only” $642 billion. And Congress cut spending this year by letting the sequester happen. So rather than worry about the debt, some are using this “progress” as a reason to focus on jobs and the economy. But this…

  • Issue Brief posted June 18, 2013 by Alison Acosta Fraser, J.D. Foster, Ph.D. Soaring National Debt Remains a Grave Threat

    Federal government debt has nearly doubled since President Barack Obama took office and is projected to increase 50 percent over the next decade—and then rise rapidly thereafter—under existing policies.[1] As federal debt has soared, so have concerns about America’s future. Used properly, debt can safely finance private and government investment in productive capital to…

  • Play Movie The Trillions of Amnesty Dollars: Morgan on 'Willis Report' Video Recorded on May 7, 2013 The Trillions of Amnesty Dollars: Morgan on 'Willis Report'

    Vice President Derrick Morgan discusses the massive cost of amnesty to U.S. taxpayers on Fox Business Network's 'Willis Report'.…

  • Commentary posted March 31, 2013 by Alison Acosta Fraser 'Sequester' Needed to Rein in Spending: Another View

    Let's get real on the "sequester." One month in, not much has changed. Nor is it likely to. Rather than devastating the federal government, the sequester is necessary to rein in the unbridled growth of federal spending. The sequester is certainly flawed. It's a blunt instrument leaving the biggest spending drivers, entitlements, virtually untouched. It means that over…

  • Commentary posted March 15, 2013 by Alison Acosta Fraser Hits and Misses as Budget Season Gets Underway

    In case you haven’t heard, we’re in the midst of a massive spending crisis. Yup. It’s a real bummer. Unless we have some real action out of Washington — and quick — the tsunami of red ink coming our way will mean massive debt or crippling levels of taxes. So what is Washington doing about it? First up, the president. He had a statutory responsibility to present a budget…

  • Issue Brief posted March 11, 2013 by Alison Acosta Fraser, Patrick Louis Knudsen What the FY 2014 Budget Should Do

    With the government’s spending and debt crisis drawing nearer, the congressional budget for fiscal year (FY) 2014 marks a critical moment for the country. The chance to turn back Washington’s unyielding and unsustainable growth, led by the Obama Administration’s progressive ambitions, is shrinking. The budget must play a key part in restoring the principles that made…