Sept. 21, 2014 SIGN IN | REGISTER

Economy Archive

Restoring the Power of the Purse to Congress | Commentary

The U.S. Constitution invests the power to spend money in the legislative branch. Per the Constitution: “No money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law . . . ” Endowing Congress with the “power of the purse” has a two-fold purpose. It allows members of Congress to respond to the needs of their constituents; to direct spending to relieve the concerns of the people. In Federalist Paper No. 58, James Madison described the power of the purse as “the most complete and effectual weapon with which any constitution can arm the immediate representatives of the people, for obtaining a redress of every grievance, and for carrying into effect every just and salutary measure.” The power to spend money provides Congress a check the power of the executive. Combining the power of the purse with the power to make war, the founders reasoned, was dangerous, creating the conditions for executive tyranny.

The Rising Revolution Against Pay-TV | Commentary

A debate is raging in the halls of Congress about the future of TV. And an unholy trinity of the pay-TV industry, the Consumers Electronic Association, and companies obsessed with broadband are fighting to disadvantage broadcast television providers and consumers in the reauthorization of the Satellite Television Extension and Localism Act, all for their own financial gain.

story blurb thumbnail

Tax Treaties at Standstill in Senate Over Privacy Issues

Approving tax treaties with other nations used to be relatively routine business on Capitol Hill, but that’s no longer the case.

Reid 'Fixes' Unneeded in a Senate That Wasn't Broken | Commentary

Many psychoanalyses of the United States Senate will be published in the coming months. All of them will conclude that the Senate is broken. They will offer new rules and schemes for controlling individual senators’ rights. They will be wrong. Any prescription asking for more controls on the right to offer amendments and debate hasn’t looked carefully enough at the Senate and its record of successfully handling the most difficult problems throughout the history of our republic.

story blurb thumbnail

Solutions to Highway Fund Shortfall in the Slow Lane

Congress is once more setting itself up for a last-minute funding crisis, set to hit right before lawmakers take off for their August recess.

Unemployment Extension Vital for Long-Term Jobless | Commentary

Last December, House and Senate Republicans uniformly said they would not consider an unemployment insurance extension unless there was a bipartisan compromise that was fully paid for, contained some unspecified reforms to the program and created jobs. In early April, after three months of negotiations and numerous false starts, they got just that: The Senate finally approved a bipartisan bill that met every one of those demands, while paying benefits through the end of May.

Add Unemployment Extension to Tax or Highway Bills, Speaker Boehner | Commentary

Our economy is facing a long-term unemployment crisis, which new evidence suggests is made worse by the five-month expiration of federal unemployment benefits.

story blurb thumbnail

Senate Democrats Begin Efforts to Amend Constitution

It’s been 22 years since the last amendment to the Constitution took effect, but Senate Democrats are hoping to alter the nation’s founding document once again.

A Constitutional Right to Incumbency? | Commentary

Imagine if, 20 years ago, Congress had passed a law limiting each car manufacturer or retailer to spending no more than a certain amount per year on research and development or expanding its operations. Large, established institutions like General Motors or Walmart might have done just fine. But startups like Tesla and would never have been able to make the capital-intensive investments to get off the ground, and consumers would have been worse off for it.

If it Ain't Broke, Don't Fix it: Grimm Situations May Occur | Commentary

Americans have a funny penchant for “fixin’ things that ain’t broke.” American voters, in particular, really like to “fix” things. We regularly vote elected officials out of office who are doing a fine job in favor of someone else who seems newer and shinier only to find later that we have chosen badly and have to live with the grim results.

Most Americans Agree on Patent Trolls and Keystone. Why Doesn't Government Act? | Commentary

Two critical economic issues that could easily be resolved through legislation — patent litigation and energy efficiency and supply — are needlessly damaging our nation. Anti-oil activists (as well as the Hollywood stars they attract) and patent trolls — lawyers who produce no economic value, yet extort billions from legitimate U.S. businesses — are displaying their uncanny ability to halt rational government action. Whether by drumming up star-studded support or papering Washington with cold hard cash, these special interest groups are persuading government leaders to kowtow to vocal minorities, rather than listen to the majority of voters and enact laws to help our nation.

National Maritime Day: Building on a Strong Past to Ensure a Vibrant Future | Commentary

By nature, we as Americans don’t think very much about how we receive the goods and services we need. And yet so much relies on water transportation — the nation’s safest and most environmentally friendly mode. American maritime helps deliver our bounty of agricultural products, coal that generates our electricity, and gas that fuels our vehicles, for example. This uniquely American industry is as deeply interwoven into the fabric of our country’s history as the U.S. flags that fly above the 40,000 vessels operating on our inland and coastal waterways. As President John Adams noted, “No group  . . .  did more for establishing our country than the American Merchant Seamen . . . [and] their record speaks eloquently of their devotion and sacrifices.” This proud service continues today and is helping make our nation safer, stronger and more secure.

Is Now the Time for Housing Finance Reform? Maybe Not | Commentary

With the Johnson-Crapo housing finance reform bill making its way through the Senate Banking Committee on a 13-9 vote, some may feel the time is finally right for housing finance reform. But a closer look at the dismal housing finance policy in the United States suggests that lawmakers have yet to learn from the mistakes of the past.

story blurb thumbnail

Wasserman Schultz Savors 'Clean' Living and Cooking

“She came out of the house today with her hands full of food,” Sean Bartlett, a spokesman for Rep. Debbie Wasserman Schultz, said of an early morning car ride during which his boss attempted to ply her staff with bites of banana-packed this and cinnamon-spiked that.

The 'Vitter Amendment' Isn't Going Away | Commentary

I get it. My legislation to end Washington’s Obamacare exemption or subsidy doesn’t make me popular in Washington. But if you think it’s going away, I have news for you: There’s only one way to make that happen, and that’s to pass it.

Middle-Class Home Ownership Must Be a Bipartisan Priority | Commentary

In recent years, the dialogue on Capitol Hill has been dominated by a debate about the economic well-being of the middle class. Years of sluggish growth, widening inequality and a deep sense that the nation’s global economic leadership is slipping have rightfully focused the public, policymakers’ and media attention on middle-class economic concerns.

Social Media Innovations in Congress Add to Transparency and Accountability | Commentary

A member of Congress answering letters from constituents via YouTube, another staging a Facebook photo contest on the polluted waterways in his state and a senator candidly sharing on Twitter his recovery from a stroke. These were some of the outstanding practices which won the Congressional Management Foundation’s first Gold Mouse Awards for Social Media.

House Will Push Back Votes on More Permanent Tax Credits

The House, which passed one permanent extension of an expired business tax break, will delay any action on other so-called extenders until at least June following the demise this week of the Senate’s two-year tax break patch.

Republican Online Gambling Ban Sets a Dangerous Precedent for States' Rights | Commentary

Should lawmakers in Washington override state laws and impose their values on the states? Some members of Congress seem to think so, and they are trying to impose a retroactive federal ban on Internet gambling, including in three states that have already legalized the activity. Not only does the proposal trample states’ rights, it will fail to eliminate illegal online gambling while making consumers less safe online, eliminating millions of dollars in tax revenue for states, and favoring a special interest. It is also based on a blatant misrepresentation of existing law.

A Lesson in Fairness From My Mother | Commentary

When I consider issues in Washington, I regularly call on the wisdom and advice my mother gave Carl, my sister and me over the years. She taught us of hard work and persistence, she taught us of the sacrifices that mothers make for children and for our country, and she taught us of fairness.




Want Roll Call on your doorstep?