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Biden’s budget: A continued attack on reliable energy and freedom
President Joe Biden’s FY 2025 budget request of $7.3 trillion is exactly what Americans should have expected: increased spending and taxes. A budget…
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New student loan proposal is regressive, politicized, and won’t stop rising prices
President Biden this week unveiled a new student debt relief proposal. It would cancel student debt for up to 153,000 people who incurred $12,000…
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Red tape? More like chains, thanks to deficit spending and subsidies
Federal subsidies and grants are infamous for having strings attached. That’s nothing new, but those strings are increasingly chains. Businesses are being seduced into corporate…
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Quotes of the Day
Arnold Kling: Instead of thinking of the pending bailouts and financial regulation as a new era of government supervisions of markets, think of it…
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Deregulation Wasn’t to Blame for Financial Crisis
Even the reliably-liberal BBC says that deregulation wasn’t the cause of the financial crisis. Other liberal journalists like Washington Post columnist Sebastian Mallaby have…
Op-Eds
Accounting rules exacerbate crisis
In the year since the credit crunch began, reading the financial pages has become a bit like perusing a medical journal. Market…
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The Bailout will cost 20% of the entire current budget
My Calculations: The 2007 federal outlays from fiscal year 2007 were 2.73 trillion. The 700 billion is to be allocated before Dec 31, 2009…
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Lehman Bros hearing — Rep. Maloney blames deregulation, ignores her own role as Fannie’s enabler
At the hearing being held today by the House Oversight and Government Reform Committee, in which former Lehman Brothers CEO Dick Fuld is now…
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All of the bailouts are expected to $1.8 trillion and we get “green credits” and IRS fun!
Thanks to Declan McCullagh for his article that highlights the non-financial portions of the bailout. Particularly useful is his chart (with information from Reuters)…