The original purpose of the welfare state was to lift people into self-sufficiency, not to create a permanent underclass dependent on taxpayers.

In a world without an Ex-Im Bank, which finances just 2 percent of U.S. exports, private firms would provide the insurance and credit these companies need, but at market rates that reflect risk of default.

Ex-Im Bank doles out billions of dollars of loans and insurance subsidies every year and has become the poster child for corporate cronyism in Washington. Think of the bank as food stamps for America's Fortune 500 companies.

Stephen Moore Quotes