Think tanks
Cry Wolf Quotes
The Clinton tax hikes on income would have a devastating impact on long-term economic growth. In particular, the increase in the tax burden would reduce savings and investment, thus hampering the economy’s capacity to generate new jobs and higher wages. Specifically, higher tax rates on income would punish productive economic activity, reduce tax revenues, lead to increased federal spending and higher budget deficits, reduce job creation and penalize small business.
The important question, however, is not the default rates on the mortgages made under the CRA. Whatever those rates might be, they were not sufficient to cause a worldwide financial crisis. Once these standards were relaxed--particularly allowing loan-to-value ratios higher than the 80 percent that had previously been the norm--they spread rapidly to the prime market and to subprime markets where loans were made by lenders other than insured banks.
The ordinance would cost the city [Chicago] nearly $20 million per year. The city would spend more than 20% of this amount ($4.2 million) on the administrative costs of certification, monitoring, and enforcement of the ordinance. This $20 million cost would require a permanent tax increase on citizens of Chicago.
If a murderer kills you, it’s homicide. If a drunk driver kills you, it’s manslaughter. If the FDA kills you, it’s just being cautious…Our own federal government’s bureaucratic and apparently unaccountable Food and Drug Administration [blocked drug approvals while Americans] died in agony from a disease other nations controlled for years.
