President Bush and some members of Congress want to dub the Federal Housing Administration as the White Knight who will rescue America from the mortgage mess. They want the agency to help homeowners refinance their subprime loans by offering to guarantee lenders it will cover the tab if the refinanced …
When Congress passed its economic “stimulus” package this February, lawmakers tried to make it look like the plan would help lower-income Americans while not benefiting the rich. They made the $600 tax credit ($1,200 for married couples) refundable and excluded anyone making more than $87,000 ($174,000 for couples) from qualifying. …
Heritage Senior Research Fellow James Carafano wrote a piece for the Washington Post’s Think Tank Town feature today. Highlights include: “I’m in favor of immigration,” Rep. Gary Ackerman (D-N.Y.) once said. “But we also need rules.” Most Americans probably agree. So why are sensible rules so hard to come by? …
AFL-CIO president John Sweeney has an op-ed in today’s Washington Post claiming that concern for the safety of union leaders in Colombia is behind his opposition to the Colombia Free Trade Agreement. We’ll let you decide if Sweeney cares more about member union dues or the supposed safety concerns of …
Two-time former Estonia Prime Minister Mart Laar visited The Heritage Foundation today, extolling the benefits the flat tax brought to his country. First passed in Estonia in 1994, Laar cited two immediate benefits he witnessed when the flat tax was implemented: First, government revenues went up as the simplicity of …
Now that the Senate has passed its “Foreclosure Enhancement Act,” attention turns to the House, which will hold hearings on its own response to the housing “crisis.” As the Christian Science Monitor reports, “at the heart of the emerging consensus is a bigger role for the Federal Housing Administration in …
During Gen. David Petraeus’ testimony this week, the anti-war movement tried their best to exaggerate the costs of security in Iraq. They trotted out Joseph Stiglitz who peddled admittedly inaccurate war cost estimates topping out at $5 trillion (or $3 trillion or $2 trillion … depending on how Stiglitz was …
For the first time this year the Senate acted on President Bush’s judicial nominees, confirming five yesterday, including one appellate court nominee, in what can best be described as a miracle given the glacial pace Judiciary Chairman Patrick Leahy (D-Vt.) and Majority Leader Harry Reid (D-Nev.) are moving. Not since …
