The Community Reinvestment Act was a successful piece of legislation; however, the success was incomplete and came with significant costs that have increased over time as the structure of markets has evolved.

The Romney 4 percent Pentagon budget is no “spike”; it’s more like a return to normal, even very constrained military spending given the global mission of America’s armed forces.

Defense spending will be key to American recovery and reinvestment.

Are Americans better off today than they were before Barack Obama was elected to office? Americans for Tax Reform President Grover Norquist and economist John Lott, Jr. argue in "Debacle: Obama’s War on Jobs and Growth and What We Can Do Now to Regain Our Future" that spending increases, mounting debt, new regulations and higher tax rates answer this question with a resounding “no.”

The "Buffett Rule's" stated goal of making millionaires pay the same tax rates as the middle class is appealing. Unfortunately, the proposal is based on inaccurate claims about the tax system and its enactment would penalize the investment that fuels long-run economic growth.

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In 1994 the federal banking reulatory agencies proposed a new Community Reinvestment Act Regulations.  The proposal implements a 1993 Presidential request to "replace paperwork and uncertainty with greater performance, clarity, and objectivity."  

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