This article is excerpted from the FEE Daily, a daily email newsletter where FEE Policy Correspondent Brad Polumbo brings you news and analysis on the top free-market economics and policy stories. Click here to sign up. The Biden administration recently announced yet another multi-trillion-dollar spending proposal: The “American Families Plan.” It would spend trillions subsidizing childcare, funding … Continue reading Ivy League Analysis: Biden’s $2.5+ Trillion ‘American Families Plan’ Would Hurt Economy in 3 Key Ways
Category: Washington
In just his first 100 days, President Biden has rolled out ambitious spending plans meant to vastly increase federal funding for everything from infrastructure to jobs to families. The whopping $6 trillion price tag on these combined proposals has raised many eyebrows about how a nation more than $28 trillion in debt can afford such … Continue reading Johns Hopkins Economist Explains Why True Cost of Biden’s Spending Plans Could Be $17.1 Trillion—3X Higher Than Advertised
President Biden’s multi-trillion-dollar “infrastructure” proposal is about a lot more than traditional transportation infrastructure. In some ways, it’s a light version of the Green New Deal, including $10 billion to create a “Civilian Climate Corps,” $20 billion for “racial equity and environmental justice,” $175 billion for electric vehicle subsidies, and even money to make school … Continue reading Biden’s ‘Green’ Infrastructure Plan Would Actually Hurt the Environment, Top Economist Warns
The Biden administration’s recently released budget request would significantly expand the federal footprint on education through a greatly accelerated education spending spree. The administration requested nearly $103 billion for K-12 and higher education—a 41% funding increase—for the Department of Education. The president’s budget request includes significant funding increases for: School districts with students from low-income households, increasing Title I … Continue reading Biden’s Proposed Education Spending Spree Is Untenable, Unaffordable
Editor’s Note: This article was written for the Instytut Misesa in Poland and published in Polish on May 7, 2021. Below is the English version. (The Polish version is here). The Law and Justice Party of the Polish government is borrowing an old name from American history as a label for a new program of … Continue reading Repeating the New Deal’s Old Mistakes
At last week’s climate summit, U.S. Trade Representative Katherine Tai underscored that “trade policy can be a powerful tool to create incentives for positive competition” as countries explored domestic measures for how best to handle environmental challenges. Indeed, advancing free trade is a key policy action for effectively facilitating a healthy environment. The proven, right way to ensure … Continue reading Why Advancing Trade Freedom Is Key to Cleaner Environment
Vickie Phillips received an unpleasant surprise when she stopped in for a fill-up at the Pop Shoppe in Greensboro, North Carolina on Monday. There was no fuel. “I can’t believe that we’re here and can’t even get gas,” Phillips told a local TV station. “People are tired of sitting in the house and they just … Continue reading The Government’s War on Pipelines Made Us Vulnerable to Attacks on Our Infrastructure
Almost 250 years ago, America’s Founding Fathers drafted the Declaration of Independence, cataloging the ways that King George III had infringed upon American liberties. King George’s offenses included “Transporting us beyond the Seas to be tried for pretended Offences.” Back then, the king presumed to have the authority to seize American colonists and prosecute them … Continue reading Biden Must Protect US Citizens From International Criminal Court
Earlier today, Connecticut Senator Chris Murphy tweeted: https://twitter.com/ChrisMurphyCT/status/1392117646494162944?s=20 Maybe he should look a little harder at the figures. First:“Boston to DC– Airline time: 1.6 hours” The reason high‐speed rail never caught on in the United States is because we had jet airliners before Japan even started building its first bullet train. Why should we worry that a train from … Continue reading China’s High‐Speed Debt Trap
A new study published by Ramsey Solutions has found that 53% of those who took out student loans to pay for school say they regret doing so. In fact, 43% of borrowers said they regret going to college altogether. “Student loans often lead to a sense of regret and feeling stuck,” the study concludes. “Those … Continue reading New Study Finds Half of Student Loan Borrowers Regret Going into Debt
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