Here we go again. Republicans talk incessantly about the need to cut the deficit, yet they are once again proposing a policy that will actually augment the deficit. On March 31, authorization for transportation spending, along with its accompanying revenue source – the federal gasoline tax – is set to expire. Republicans in the House and a bipartisan group in the Senate have introduced dueling | Read More »
We’ve seen this show before. Republicans propose grand ideas to cut spending and implement free-market reforms; they speak ebulliently about their new ideas, and …they summarily scuttle them and cave to the Democrats. Earlier this year, Republicans proposed a commendable plan to end the bipartisan pork fest of surface transportation spending. Instead of continuing the inexorable expansion of transportation spending, House Transportation Committee Chairman John | Read More »
One of the preferred methods liberals use to tax and spend is to create special “trust funds” for particular expenditures, with the intent of hiding the funds within the Treasury’s general fund. The system goes something like this: levy a tax that is supposedly earmarked for a specific expense and impounded in a trust fund (lock box); gradually purloin the fund by using it for | Read More »
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