- Rusty Bowers Signs the Taxpayer Protection Pledge for AZ-01 Race
- Ask Your Virginia Legislator to Vote "NO" on Any Budget Containing Higher Taxes
-
ATR Supports H.R. 4781, the
"Keeping American Businesses
Competitive Act of 2010" - Stimulus Dollars Are Taking You for A Ride - On Greyhound Buses (CFA Site »)
- Ronald Reagan Legacy Project Urges Naming of California High School After Reagan
- Democrats Attempt to Subvert Congress in Hopes of Carbon Regulation
- Economic Issues Dominate at the Bloggers Briefing
- Pushback Against EPA’s Attempts to Regulate Carbon Emissions Grows
- Minnesota Gubernatorial Candidate Running on a Platform of Tax Hikes
Thursday, March 11, 2010
- Michigan Jobs Ain't What They Used To Be...Unless You Work For The Government
- ATR and CFA Support Earmark Moratorium
- CFA Supports Earmark Moratorium (CFA Site »)
- Voter Fraud in the Name of Tax Hikes
- Ballooning Deficits in Greece Foreshadowing Future for the U.S.? (ASA Site »)
- Green Jobs FAIL
- The Evergreen Tax and Fee Spree
- Pelosi: "But we have to pass the bill so that you can find out what is in it" (CFA Site »)
- ATR Staffer Testifies Before U.S. House Energy & Commerce Select Committee
Wednesday, March 10, 2010
- The endemic rot in government run health care
- Senate Unanimously Passes Coburn PAYGO Transparency Amendment (CFA Site »)
- The Debt Panel's 800-lb. Gorilla: Why Andy Stern Stands Out
- The Left Agree: Obamacare Ushers In Their Radical Ideological Agenda
- We Ought Focus On Cutting Taxes & Spending, Not Deficits
- The Debt Panel's 800-lb. Gorilla (AWF Site »)
-
Does the Obamacare Investment Surtax
Apply to Capital Gains? - ATR Urges Opposition to Sen. Isakson Pension Bailout
- Taxpayers to Legislators: Clean Virginia Budget of Taxes
- ATR Supports the Georgia JOBS Act
Tuesday, March 9, 2010
- ATR Urges Utah Governor Herbert to Veto Tax Increase
- More on the VAT
- Public Sector Jobs
- How 550,000 jobs were destroyed by the minimum wage hike
- How Obamacare Will Hurt Poor Women & Children Most
- Federal Workers Make $11,000 More Than Private Sector Workers, and There’s More of Them (AWF Site »)
- Really?!? If This is Transparency, Beware of Opacity (CFA Site »)
Monday, March 8, 2010
- Legislation Introduced to Put Ronald Reagan on the $50 Bill
- Pledge Signer Wins Illinois Republican Gubernatorial Primary
- "Net Neutrality" To Kill Jobs
- NY Supreme Court Votes to Evict Residents and Close Businesses (PRA Site »)
- California US Senate Candidates Square Off in First Debate
Friday, March 5, 2010
- ATR and CFA Support the Spending Limit Amendment
- Utah Representative Breaks Tax Pledge
- AWF Will Rate Vote on House Jobs Bill (AWF Site »)
- Energy Tax Hike Series: Use it or Lose it Tax
Thursday, March 4, 2010
- The reliability of spending "estimates"
- Utah State Senator Tries to Sweeten Tax Hike with Pork
- Obama Administration Makes Attempt to Seize Millions of Acres Across America (PRA Site »)
- More "Stimulus" Boondoggles - Social Engineering and Lobbying for Higher Taxes
- Energy Tax Hike Series: Raises Taxes on Tertiary Injectants
Wednesday, March 3, 2010
- Is This Reality or a Science Fiction Dystopia?
- Andy Stern Update: US Attorney Reviewing Case & Obama Appoints Stern to Debt Panel
- Texans: Do You Know Which Candidates Have Signed the Taxpayer Protection Pledge?
- AWF Asks White House to Take Position on Andy Stern Investigation After Appointment to Debt Panel (AWF Site »)
- AWF Continues Andy Stern Investigation (AWF Site »)
Tuesday, March 2, 2010
- Energy Tax Hike Series: Superfund Tax Reinstated
Monday, March 1, 2010
- Rick Berg First Pledge Signer in North Dakota Congressional Race
- Give a Hoot, Don’t Pollute . . .the Economy with Taxes or Unnecessary Spending
- Raise Taxes or Raise Taxes? Washington’s Solution to $2.8 Billion Budget Deficit
- Andy Stern Appointed to Debt Panel While Under Criminal Review for Lobbying Activities
- Andy Stern Appointed to Debt Panel While Under Criminal Review for Lobbying Activities (AWF Site »)
- Energy Tax Hike Series: IRS Sec. 199 Repeal
Friday, February 26, 2010
-
Pwned!
Paul Ryan on Healthcare and Deficits
Thursday, February 25, 2010
Next Up on the Bailout Train:
State and Local Government Muni Bonds
From Ryan Ellis on Wednesday, May 27, 2009 6:28 PM
There have been no shortage of people with their hands out to the federal government over the past year. State and local governments are no exception.
Now they're back for more.
The National League of Cities recently asked the Treasury Department for an interest-free loan for $5 billion (try that at your local bank). What will these big-city mayors do with this cash? They would like to create a insurance policy for all the debt that cities have been racking up.
Let's put aside for one moment that these cities have consistently failed to reign in costs, which has led to their unfunded liabilities and exorbitant debt levels. Let's even put aside the chutzpah they have to ask for an interest free loan from taxpayers. Let's instead focus on the idea of insuring municipal bond debt.
It might surprise these mayors to learn that there is a private sector already out there, ready to back this debt. Now, they've taken a hit like any other industry in the past year, and are far more inclined to purchase high-quality debt. But rather than clean up their acts, cities with subprime debt are looking to set up a government-owned competitor to this thriving private-sector market.
The principle is simple--the government should never directly compete with private sector companies. There is a thriving private sector in municipal bond insurance. Bailout money shouldn't be used to set up artificial government competition--period.
Related Articles
ATR Urges Opposition to Sen. Isakson Pension Bailout - Tuesday, March 9, 2010 10:44 AM
SOTU: The President's Misguided Take on Spending - Friday, January 29, 2010 10:06 AM
State of the Union: Time to play Obama BINGO! - Wednesday, January 27, 2010 12:29 PM
An Analysis of Obama's First Year in Office - Wednesday, January 20, 2010 12:28 PM
Much Truth Is Said In Jest - Monday, November 23, 2009 10:50 AM













Comments
When government spending expands, the private sector is crowded out. Let's let the American taxpayer find innovative solutions to this recession rather than repeating failed government policies.
>> Conservative Tom Thursday, May 28, 2009 11:23 AM