Submitted by NLPC Staff on Thu, 03/22/2012 - 13:55
NLPC Chairman Ken Boehm has submitted this written testimony to the House Appropriations Subcommittee on Commerce, Justice, Science and Related Agencies, which is holding a hearing today on funding for the Legal Services Corporation (LSC):
Members of the House Committee on Appropriations are certainly used to hearing from representatives of federally-funded programs about the good work done by such programs and why they need many millions more in taxpayer funds, despite the unsustainable national debt. This year the Legal Services Corporation has submitted a FY2013 budget request for $470 million.
Submitted by NLPC Staff on Tue, 03/13/2012 - 08:37
NLPC Associate Fellow Fred N. Sauer asserts that General Electric is no longer a great industrial company, but is now dominated by its General Electric Capital Services (GECS) division. Contrary to the conventional wisdom of the financial media that GECS has been GE's strength in recent years, Sauer argues that GECS is dangerously reliant on short-term financing to support its own lending. The result is a company ultimately dependent on political influence to mitigate the risk, creating opportunities for the well connected, like Warren Buffett.
Submitted by NLPC Staff on Fri, 02/17/2012 - 20:06
Last night, NLPC President Peter Flaherty criticized GM's bonuses to United Auto Workers while the company is stil deep in the hole to taxpayers. He appeared on CNN's Situation Room. Here's a transcript: