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By and / 12.12.2019

Companies that invest in America are the lifeblood of economic growth. Whether it’s a fast 3D printer, a fuel-efficient delivery van, a gigabit-speed broadband network, a new solar power project, a cutting-edge data center, or a 5G small cell, capital investment boosts productivity, raises living standards, and creates better-paying jobs. Unfortunately, the financial crisis of […]

By / 12.2.2019

Over the final three decades of the 20th century, one of the defining features of American life was the abandonment and deterioration of historic urban centers. In cities large and small, from coast to coast, residents and dollars followed the interstate highways out of the old commercial downtowns and out to the suburbs. Columbia, S.C., […]

By / 10.16.2019

House Democrats yesterday introduced major legislation to reauthorize the landmark Higher Education Act. Although reauthorization is long overdue, the new legislation, called the College Affordability Act, proposes mainly marginal improvements to a broken higher education financing system. Moreover, it doesn’t do enough to help people who don’t go to college – the majority of young Americans […]

Press

By / 1.15.2020

Two days ago, I noted there had been little mention in the Democratic debates of the trillion-dollar deficits being run up by the Trump administration. That discussion finally started last night after moderator Abby Phillip asked Sen. Bernie Sanders how he would finance his proposals to double existing federal spending. Several candidates weighed in, offering insight into how their […]

By / 1.14.2020

It’s official: the Trump administration spent $1 trillion more in 2019 than it raised in revenue. That deficit is 50% larger than the deficit in 2017, which was President Trump’s first year in office, and represents the first calendar-year deficit to top $1 trillion since 2012. Annual deficits will only grow worse in the coming decade, in […]

By / 12.20.2019

Congress voted this week for a $1.9 trillion tax and spending deal, over a quarter of which was added to our $23 trillion national debt. Thanks to this and other fiscally irresponsible legislation signed into law by President Donald Trump, the federal government will run an annual budget deficit of over $1 trillion this year and every year that comes after it. Yet […]

Blog

By / 1.9.2020

The Democratic presidential field continues to be in flux, with Julian Castro dropping out and Michael Bloomberg ramping up his campaign. Participation in the January 14th debate is, as of yesterday, limited to just five candidates. Those five — Joe Biden, Amy Klobuchar, Elizabeth Warren, Pete Buttigieg, and Bernie Sanders — have hit the polling and […]

By / 12.17.2019

The House of Representatives earlier this afternoon passed two bills to provide $1.4 trillion in funding for defense and non-defense spending programs that must be appropriated on an annual basis. As is often the case with must-pass legislation at the end of the year, these bills have become “Christmas trees” decorated with various policy riders and pet […]

By / 12.5.2019

In its recently published The World in 2020, the editors of The Economist observe that the U.S. presidential race will “hog headlines” globally for the next year. One of the implications of this is that citizens everywhere — not just in America — will be inundated with debate and disagreement over large-scale national issues and policies. Immigration, Medicare-for-all, trade, […]