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No Economic Security Without Economic Growth
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Press Release

No Economic Security Without Economic Growth

© 2002 Copley News Service, 7/30/2002 Dear Mr. President:

07/30/2002
While Markets Sputter, Government Grows
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Press Release

While Markets Sputter, Government Grows

The twentieth century represented an important epoch in one of the world’s greatest struggles—the fight between freedom and totalitarianism. The collapse of centrally planned economies and the dissolution of the largest totalitarian state signaled a clear victory for the alternative of freedom. Yet, when taking stock of the world, it’s clear that totalitarianism is alive and well. Brutal regimes continue to debilitate nations and squander resources in ways that destroy the creative spark that generates wealth and prosperity. Here in the United States, government continues to levy ever-larger taxes, regulate more aspects of our lives and interactions with others, and lay claim to greater amounts of property. Has economic liberalism won the battle but lost the war?

07/30/2002
'Infectious Greed' and Other Miasmatic Diseases
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Press Release

'Infectious Greed' and Other Miasmatic Diseases

© 2002 Copley News Service, 7/23/2002 American equity markets have lost $7 trillion in value, approximately 40 percent, since they peaked in late March 2000. The Washington establishment has decided to blame it on a "speculative bubble" caused by foolish investors and to a "loss of confidence" caused by greedy corporate "wrongdoers" who were out to systematically plunder their companies.

07/23/2002
People in Glass Houses
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Press Release

People in Glass Houses

For the first 18 years of his congressional career Dick Gephardt (D-MO) served in the majority. According to Gephardt’s own official web site, “as a House freshman, he was given the rare opportunity of serving on both the Ways and Means and Budget Committees, where he quickly became a national leader on health care, trade, and tax fairness.” Apparently, Gephardt considers himself something of a leader on national economic policy.

07/16/2002
A Bummed Out Conservative
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Press Release

A Bummed Out Conservative

This week – Due to the intense work by the committees in Congress this week, the House floor is actually quite quiet. The House Appropriations Committee is expected to mark up four separate bills. These are the Interior, Legislative Branch, Agriculture and Treasury, Postal. The bills themselves should be on the House floor during the next two weeks. In addition, over a dozen House committees are working on the development of the new Homeland Security Agency. House Leadership would like to have a final bill passed by the August recess, which begins July 29th. That means they have only three short weeks to create the outlines of the biggest government change in decades.

07/08/2002
There’s No Accounting for Big Government
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Press Release

There’s No Accounting for Big Government

The latest revelations about WorldCom have Washington posturing to exploit the tragedy for political gain. President Bush has issued a stern warning and veiled threat about increased government regulation of markets, and Democrats see the collapse as an opportunity to hammer Republicans in the coming elections. True, the current wave of financial mismanagement has taken a real human toll on the nation. But there are laws in place to address these problems, and any criminal or fraudulent behavior should be prosecuted to the maximum extent of the law. There is little role for politicians in this process. If Washington is truly concerned about financial mismanagement, they should turn their attention to the federal government, where the magnitude of financial improprieties dwarfs any problems Wall Street may be facing.

07/02/2002
Knowing When to Say NO
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Press Release

Knowing When to Say NO

Weekly Summary – Due to July 4th, the House and Senate will be in recess this week. After the amount of last minute wrangling and finagling the House engaged in last week, they deserve a break! Congressman Bill Thomas, Chairman of the Ways and Means Committee pulled off two ‘squeaker’ votes last week, passing two different pieces of legislation with only one vote margins. The first was a bill to strengthen the House’s negotiating position as they begin to conference the trade bill with the Senate. Earlier this year, the House passed a clean Trade Promotion Authority Act to provide President Bush with the ability to negotiate trade deals. Unwilling to allow President Bush this victory, Majority Leader Daschle decided to bog the measure down on the Senate side with tons of ancillary legislation. They added a Trade Adjustment Act, which in addition to spending billions and billions more, would for the first time, provide health benefits to displaced workers.

07/01/2002
Spending Moves Forward While Tax Cuts Languish
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Press Release

Spending Moves Forward While Tax Cuts Languish

As the number of days in the legislative calendar dwindle, the priorities of Congress become more apparent. Not surprisingly, efforts to boost spending are far more prominent than attempts to lower taxes. While the long-term survival of President Bush’s tax cuts remains in question, the Senate has approved an emergency supplemental spending bill for 2002 of $31.5 billion—almost $5 billion more than the administration had requested. The difference is largely highway spending and other pork related items. Despite highly publicized hand wringing over the return to deficit spending, Congress is a creature of habit; tax cuts have fallen by the wayside as politicians push spending levels ever higher.

06/11/2002
Shocking New Pork Barrel Spending!
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Press Release

Shocking New Pork Barrel Spending!

This Week: After a one-week respite, Congress starts up again this week. The Senate is expected to begin consideration of the supplemental spending bill. If the supplemental is not ready for consideration, then the Senate will begin debating S. 625. Broadly defined as hate crimes legislation, S 625 would expand current hate crime laws to allow federal prosecution of crimes that target victims based on gender, sexual orientation or disability.

06/03/2002
Loan Money For Rural TV
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Loan Money For Rural TV

BY McGregor McCance

The federal farm bill signed into law this week plants seeds that may produce local television signals for rural satellite television subscribers. Included in the massive bill is $80 million in loan guarantees designed to encourage companies to launch satellites that could bring local channels to more subscribers. Most satellite TV subscribers cannot get local channels over a dish. They must rely on regular TV antennas, which often can't clearly pick up local TV stations in rural areas.

05/16/2002

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