Reason Foundation

Reason Foundation

Reason Alert: Egypt, Fannie and Freddie, and the Debt Ceiling

What to watch for in Egypt and how to overhaul Fannie Mae and Freddie Mac

February 4, 2011

- Will This Be a Full-Fledged Revolution in Egypt or a Palace Coup?
- Overhauling Fannie and Freddie
- How Can Your State Balance Its Budget?
- The Future of the Health Care Bill and Individual Mandate
- The Truth About the Debt Ceiling
- The Anti-Cop Trend That Isn't
- Videos  

Will This Be a Full-Fledged Revolution in Egypt or a Palace Coup?
With the New York Times reporting that there are "signs of fracturing within Egypt's ruling elite," Reason magazine's Jesse Walker writes, "The more the momentum turns toward the opposition, the less risk there will be for other cops and soldiers to follow suit. If you're wondering what will happen after Mubarak falls, this may be the most important wedge to watch. If the revolution ultimately hinges on the generals switching sides, the military that already dominates the government will have the central role in deciding what happens next. That doesn't have to mean the police state will continue. Chile's transition from the Augusto Pinochet dictatorship to democracy and civil liberties happened after the armed forces refused to impose martial law, with one general heroically tearing up an order right in front of the despot. But if the military co-opts this revolution, Egypt will likely end up with Suleiman or someone like him as president, a few token reforms, and little else. If the revolution relies on a mutiny in the enforcers' lower ranks, by contrast, the rebellion is much less likely to be reduced to a backdrop for a palace coup."
The Danger of Seeking to Promote a Better World Through Foreign Policy

Overhauling Fannie and Freddie
As Congress and the Obama administration slowly consider how to reform federal housing policy, Reason Foundation's Anthony Randazzo details ten reasons the federal government should not be in the business of guaranteeing mortgage loans.
Coming Soon: A 300-Percent Increase in Foreclosures

How Can Your State Balance Its Budget?
Reason Foundation Director of Government Reform Leonard Gilroy partnered with the American Legislative Exchange Council to produce the "State Budget Reform Toolkit," which shows states how to build budgets that prioritize important programs, improve efficiency and transparency, and reduce costs.

The Future of the Health Care Bill and Individual Mandate
Reason magazine's Peter Suderman: "[President] Obama's early instincts about the mandate were right: He argued that it was unduly punitive, that it made those who paid the penalty worse off, and-most importantly-that it failed to solve the real problems with the American health care system. 'I believe the problem is not that folks are trying to avoid getting health care. The problem is they can't afford it,' he said. If only he'd listened to himself."
Harvard Law Prof Tells Senate that Congress Can Make You Buy Broccoli
Judicial Activism and the Individual Mandate
Are There Five Supreme Court Votes Against the Individual Mandate?
Federal Judge Cites Reason in Individual Mandate Ruling

The Truth About the Debt Ceiling
Reason magazine columnist Veronique de Rugy says "if the debt ceiling is not increased it doesn't mean the federal government will have to repay the entire debt at once. The government just won't be able to increase its borrowing. Americans understand the difference between not being able to borrow more money and defaulting on one's mortgage. Also, while Congress has never before refused to raise the debt ceiling, it has frequently taken its time about doing so . In 1985, for example, Congress waited nearly three months after the debt limit was reached before it authorized a permanent increase. In 1995, four and a half months passed between the time that the government hit its statutory limit and the time Congress acted. And in 2002, Congress delayed raising the debt ceiling for three months. It took three months to raise the debt limit back in 1985 as well. In none of those cases did the world end."
America's Bloated Defense Budget Is Ripe for Cutting
John Stossel: Here's How to Reduce the Size and Scope of Government

The Anti-Cop Trend That Isn't
"Between January 20 and January 25, 13 police officers were shot in the U.S., five of them fatally...Some police advocates have drawn unsupported conclusions from this rash of attacks, claiming that they are tied to rising anti-police sentiment, anti-government protest, or a lack of adequate gun control laws. Media outlets also have been quick to draw connections between these unrelated shootings. While these incidents are tragic, the ensuing alarmism threatens to stifle much-needed debate about police tactics, police misconduct, and police accountability...In truth, on-the-job police fatalities have dropped nearly 50 percent during the last 20 years, even as the total number of cops has doubled. According to the National Law Enforcement Officers Memorial Fund, 279 cops were killed on the job in 1974, the worst year on record. That number steadily decreased to just 116 in 2009. The leading cause of death for cops on duty is car accidents, not violence. For the last several years, the number of officers intentionally killed on the job each year has ranged from 45 to 60, out of about 850,000 cops on the beat." - Reason magazine's Radley Balko
More on the Non-Existent "War on Cops" Videos
Buzz Bowl I - Four Loko vs Joose
Nanny of the Month
Tweeting Around Egypt's Web Blackout
Hot Air's Ed Morrissey on Not-So-Radical Republicans and Life Outside the Beltway

Reason on Facebook
Reason on Twitter
Reason on YouTube

If this email has been forwarded to you and you'd like to subscribe to Reason Alert, please click here.

Print This