Student Loan Interest "Fix" Not a Solution to Longer-Term Problems

Just before they left town for the July 4th break, members of Congress finally voted to prevent a doubling of student loan interest rates for one year with mere hours to spare. Unfortunately, they paid for it by reducing other educational programs. If we want an educated workforce in the future, we need more permanent fixes to make college affordable for Americans.

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GAO: New Contractor ID System Needed

When the federal government is handing out thousands of contracts to more than half a million contractors, it's important to have a robust system for tracking the companies that receive each contract. Earlier this month, the Government Accountability Office (GAO) issued a report on the federal government's use of a private, proprietary corporate identification system to track federal contractors and award recipients. Because corporations are continually acquiring new firms and/or merging with others, it is often difficult to keep track of which companies are actually responsible for the work the government has contracted out. The report recommended the government adopt a new approach to tracking this information.

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Confusion over Automatic Cuts Shows Downside of Crisis Budgeting

At more than 100 pages, last summer's debt ceiling deal was a fairly large bill. And it was passed in a hurry, as the federal government was literally hours away from hitting the debt ceiling and facing a shutdown and economic turmoil. The manufactured crisis resulted in legislation that would automatically cut $1.2 trillion in federal spending through an arcane mechanism known as “sequestration” that few lawmakers fully understood. As those automatic cuts draw nearer, lawmakers are expressing confusion over how sequestration works, providing yet another example of how crisis budgeting can lead to unexpected and unintended results.

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Policy Riders: Bringing Transparency to a Shadowy Legislative Process

Schoolhouse Rock was only partly correct: getting a bill through Congress is just one way to turn proposals into law. Another way to write your policy demands into law is to hide them in the funding bills Congress passes every year to keep the government running. These “policy riders” in appropriations bills are temporary, but they establish new policies just like normal laws. Their use effectively shuts the public out of important policy discussions, and they undermine the openness of the legislative process. To remedy this practice, Congress can take some lessons learned from its reforms of the earmarking process.

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The Seven Habits of Highly Effective Spending Transparency Systems

As leaders of both parties in Congress obsess over cutting spending, it's no surprise that spending transparency has become an issue. Most recently, the House passed the Digital Accountability and Transparency Act (DATA Act), a bill designed to increase the quantity, quality, and accessibility of federal spending information. The bill would be a leap forward in government openness, but it is only a beginning. A comprehensive system of federal spending transparency that enables citizens to hold government accountable must include a set of key elements, which we explore in this article.

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Student Loan Interest Fight Highlights Competing Values

According to a recent study by the Pew Center on the States, Americans believe access to a quality education is the most important way the government can help people get ahead. Next year, reaching that goal could become more difficult. With the federal student loan interest rate set to double to 6.8 percent, college could become much more expensive for millions of students. Both parties in Congress have said they want to keep the lower rate, but they are far apart on how to find the $6 billion annually to pay for the loan subsidies.

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Buffett Rule Targets Capital Gains

On April 16, the Senate voted on a bill that would have enshrined the “Buffett Rule” in the tax code, which would have ensured that millionaires and billionaires pay their fair share of taxes. With the bill’s defeat, Congress should consider other options to increase tax fairness.

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