Follow Us

Tag Archive: Bailout bill

Must everything be earmarked?

by

Columnist George Will argues that the Emergency Economic Stabilization Act of 2008 -- the bailout bill that set up TARP, is unconstitutional because it delegates legislative power to the executive branch:

Congress did not in any meaningful sense make a law. Rather, it made executive branch officials into legislators. Congress said to the executive branch, in effect: "Here is $700 billion. You say you will use some of it to buy up banks' 'troubled assets.' But if you prefer to do anything else with the money -- even, say, subsidize automobile companies -- well, whatever."

FreedomWorks, a Washington-based libertarian advocacy organization, argues that ...

Continue reading
Share This:

CFC (Combined Federal Campaign) Today 59063

Charity Navigator