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Nation Congress
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Every week brings another adventure in brinkmanship in Washington as lawmakers barely avert government shutdowns, pass temporary spending measures, and utterly fail to substantively address America's gravest problems. All of which raises some serious questions: Has there ever been a time when Congress was held in such low esteem, and such gridlock and dysfunction existed in Washington?
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Much has been written about the Too Big to Fail (TBTF) doctrine, but another category of untouchable institutions needs to be dealt with. Fannie Mae and Freddie Mae are the original "Too Politically Powerful to Fail" (TPPTF) powerhouses. Created by Congress decades ago, they enjoyed the implicit backing of the federal government and could borrow funds more advantageously than their private sector competitors. They protected themselves from Congressional oversight by employing well-connected elected and appointed officials from both parties. A 1996 Congressional Budget Office study concluded that the implicit government subsidy totaled $6.5 billion. On what has Congress done about these Too Politically Powerful to Fail government-sponsored enterprises, the US House passed on Dec 11, 2009...
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CHICAGO, April 13, 2011 /PRNewswire-USNewswire/ -- Vicki Escarra, the president and CEO of Feeding America, sent a letter to the House of Representatives on Tuesday, April 12, urging members to protect the essential food and nutrition assistance programs that provide a literal lifeline for millions of struggling families in our nation. Feeding America is the nation's largest hunger relief organization, supplying food and groceries to more than 37 million Americans each year through a network of more than 200 food banks that serve the entire country.
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HEALTH CARE Good ol' Joe Pitts. He talks about reducing government spending while he personally gets wealthy from government spending.
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NASHVILLE, Tenn., Oct. 25 /PRNewswire-USNewswire/ -- With the midterm elections set to turn things upside down inside the Beltway, Votility - the nation's first non-partisan, unbiased online voter service - has launched a new tracking technology that allows voters to understand and take action on the top legislation before Congress and the hottest issues in the media, giving them a revolutionary tool that ushers in a new era of transparency in D.C. This new tool, called Bills in the News on the Votility website, allows voters to stay abreast of the most talked about and current bills before Congress - and vote on important legislation in real time, giving them greater political muscle than ever to make their voice heard and inspire real change for our nation. It's the 'tip of the spear'...
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As we write this, the Joint Select Committee on Deficit Reduction in Congress has just ended its efforts to eliminate more than a trillion dollars from the federal budget, without success. This has been an important and difficult task: No nation remains strong with a weak economy. For this reason, we urge Americans to uphold a crucial rule for reducing our deficit while ensuring our nation's strength. Do not lose sight of Congress' vision, which finally placed diplomacy and development in our national security budget alongside defense, homeland security and intelligence. Defunding diplomacy and development would save pennies today and cost millions tomorrow in lost economic opportunities and new security threats. I have served as a secretary of defense and the chairman and chief executi...
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Association of Academic Health Centers Calls for Continued GME Funding WASHINGTON, Aug. 8, 2011 /PRNewswire-USNewswire/ -- The Association of Academic Health Centers (AAHC) is pleased that funding for Graduate Medical Education (GME) was not specifically targeted in the recently enacted Budget Control Act of 2011. Going forward, the AAHC strongly urges all members of Congress, and specifically those appointed to the newly-created Joint Select Committee on Deficit Reduction, to preserve GME funding in any subsequent deficit reduction deals.
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We will be startled if Congress passes the jobs bill President Obama wants or any jobs bill, for that matter -- but we'd be happy to accept the surprise. Not only does the nation need this kind of bill, but Western New York would benefit greatly. The proposed bill simultaneously became fairer and less likely last week when Senate Democrats rewrote part of the president's measure to include a 5 percent tax on incomes above $1 million to help pay for it. The idea is fundamentally conservative: paying for expenses rather than borrowing.
