How About Another $1.2 Trillion for the Banks?
Senate Democrats lined up a show panel to testify on the need for a new TARP. The consensus seems to be that Congress will need to come up with at least $600 billion more, with another $600 billion to be printed up by the Federal Reserve: Noting the $350 billion spent by the government to shore up faltering banks and another $350 billion waiting to | Read More »
The NEXT Big Infrastructure Bill
Glenn Reynolds asks a good question: WHAT HAPPENED TO OUR LAST BIG “INFRASTRUCTURE” BILL? Everyone seems to have forgotten that just three years ago, in August 2005, Congress enacted the biggest federal public works program in American history, spending a massive $286.4 billion on the 2005 highway bill. At that time, President Bush and congressional leaders from both parties told us that the new highway | Read More »