Bailouts | Council For Citizens Against Government Waste

Bailouts

Ohio Senate to Vote on Nuclear Bailout

FirstEnergy Solutions’ (FES) nuclear power plant in Akron, Ohio needs a taxpayer funded bailout according to the company.

It is hoping that the Ohio Senate will pass a bill similar to the recently passed House bailout bill, HB 6. The bill has been amended by the Senate and would give FES $150 million annually in subsidies. This is outrageous.

July 17, 2019 — Allen Johnson 1563392083

The Multiemployer Pensions Crisis Needs Reform, Not a Bailout

A billion-dollar taxpayer bailout of failing multiemployer pensions is on the horizon.

Ten years ago, subprime mortgages went from being a little-known form of lending to the precipitating factor in the international banking crisis that led to the Great Recession. Multiemployer pensions, which have been allowed to systematically underfund plans and make unrealistic assumptions on return rates, now have the potential to cause a similar economic crisis and necessitate another taxpayer bailout.

July 12, 2019 — Peter Klensch 1562948053

Senate Disaster Supplemental Would Add Billions of Dollars to Deficit Spending

The Senate is considering another poorly designed disaster aid package.  With a price tag of $13.5 billion, the Senate intends to use the bill’s disaster and emergency spending designation as a way to circumvent the spending caps put in place by the Budget Control Act of 2011.  The bill will boost funding for programs that are not intended to respond to natural disasters.

March 29, 2019 — Allen Johnson 1553883501

Nuclear Bailouts - A Radioactive Cost to Taxpayers

On March 22, 2019, the Trump Administration took another step to act on the president’s campaign promise to financially support coal and nuclear power. 

March 29, 2019 — Allen Johnson 1553868675

State Energy Bailouts Pose More Urgent Threat Than Green New Deal

The Green New Deal and its associated hyperbole have commanded most of the recent attention that is paid to energy policy.

March 12, 2019 — Spencer Chretien 1552410041

Trump Administration takes heat with FERC nominee

All the way back at the beginning of the year, a federal energy regulator unanimously repudiated a proposed rule that would have subsidized coal and nuclear powerplants.

November 16, 2018 — Allen Johnson 1542390014

DOE Prepares Bailout for Unprofitable Power Plants

The Federal Energy Regulatory Commission (FERC) has said that the country has ample power to supply market needs. FERC intervened and stopped an attempt by the Department of Energy (DOE) to pick winners and losers in the energy market when it unanimously rejected DOE’s proposal to bailout nuclear and coal.

June 21, 2018 — Allen Johnson 1529599344

Adiós, Puerto Rico – A Story of Shameless Waste and Inefficiency

Plagued by significant population decline, relocation of businesses, and a crushing debt nearing $72 billion, Puerto Rico is in a fiscal crisis.  With a $2 billion de

June 22, 2016 — CAGW Staff 1466607331

Clarity on Costs Essential To Postal Reform

USPS is posting one thing very well; losses.

September 19, 2014 — Leslie Paige 1411173190

Another Bailout

While the focus of the press and Washington has been on passing a continuing resolution and a government shutdown, the White House pulled the usual Washington D.C. public affairs stunt when you don’t wont bad or controversial news to be discussed broadly. It releases the news on a Friday afternoon.

October 1, 2013 — CAGW Staff 1380673373

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