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AEI's weekly digest of top commentary and scholarship on the issues that matter most

Victory or Defeat?

America’s Stark Choice in Ukraine

April 20, 2024

After months of holdup, the US House of Representatives is set to vote on a foreign-aid package that will include $60 billion in aid for Ukraine. Frederick W. Kagan makes clear that the costs of defeat in Ukraine far outweigh the price tag of this bill.

 

 

This term, the Supreme Court is considering the constitutionality of the Consumer Financial Protection Bureau’s (CFPB) funding structure. In testimony before the House Committee on Financial Services, Subcommittee on Financial Institutions and Monetary Policy, Adam J. White explains why the CFPB’s exemption from Congress’s power of the purse is unconstitutional.

 

The US government, businesses, and individuals increasingly face cyberattacks that can include theft, espionage, and sabotage. In a new AEI Economics Working Paper, Anna Scherbina and Bernd Schlusche construct a comprehensive dataset of publicly reported cyber events from 1999 to 2022 that documents the scope and the impact of this growing threat.

 

In the best of circumstances, rebuilding the Key Bridge will be a multiyear project, but the US’s outdated approach to large-scale infrastructure projects is likely to make it cost far more and take longer than it needs to. R. Richard Geddes argues that we must take this opportunity to learn from more successful models and embrace public-private partnerships to rebuild the bridge quickly and efficiently.

 

Supporters of the Wyden-Smith tax bill in the Senate are making a last push to secure passage by proposing billions of dollars of new spending. Robert Doar points out that this is no time for lawmakers to endorse even more fiscal irresponsibility.

Homelessness and the Persistence of Deprivation: Income, Employment, and Safety-Net Participation

Homelessness is one of the most extreme hardships associated with poverty in the United States, but official poverty statistics largely exclude the homeless. In a new National Bureau of Economic Research working paper, Bruce D. Meyer and coauthors provide a comprehensive portrait of the material disadvantage faced by this population, including estimates of income, employment, and participation in welfare programs. Using Census Bureau data cross-referenced with administrative data, the authors analyze a nationally representative group of adults recorded as homeless in 2010. Nearly all of these individuals worked or were reached by a safety-net program in that year, but their incomes nonetheless remained low in the surrounding decade. As a result, it will take more than bringing these individuals into employment or welfare programs to reduce or prevent homelessness.

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QUOTE OF THE WEEK

Our goal is to create a 21st-century literature on the founding and to help reinforce and inform the growing movement to strengthen civic education and learning in America.

Yuval Levin