Mirroring the federal government's penchant for spending more money than it collects, the American public now has a negative net savings rate. Home prices, medical care, and college tuition are all growing faster than wages, and debt has become increasingly pervasive among American households. These are facts that have not escaped the attention of American consumers, 82 percent of whom now recognize household debt as a serious problem, according to a recent survey sponsored by the Center for American Progress.

The House Homeland Security Committee is scheduled to mark up chemical security legislation later this week. The Chemical Facility Anti-Terrorism Act of 2006 (H.R. 5695), introduced by Rep. Daniel Lungren (R-CA) last month, currently has ten cosponsors. Critics of the bill, including a number of environmental and public interest groups, charge that it would actually lead to less security for our nation's chemical plants.

The U.S. Environmental Protection Agency's Science Advisory Board (SAB) recently sent a letter to the agency expressing concerns over its plans to reduce information collected under the Toxics Release Inventory (TRI). The SAB maintains that the proposed cuts would "hinder the advances of environmental research used to protect public health and the environment." SBA sent the letter detailing its concerns to EPA Administrator Stephen Johnson on July 12.