Senate Banking Committee chairman Chris Dodd (D-CT) may not know what interest rates currently are, but the Wall Street Journal has crunched the numbers and estimates that the discount loan Countrywide Financial gave him will save him $75,000 in mortgage payments. The WSJ also looked into how much of the …
Rep. Pete Stark (D-Calif.) writes in The Nation, “As healthcare costs rise at double-digit rates, fewer and fewer manufacturers and small businesses can offer comprehensive coverage to their employees.” This is undoubtedly true. Stark’s solution? Medicare for All: “With Medicare as a model, we can fill the growing gaps in …
In a speech this afternoon at Heritage, U.S. Secretary of State Condoleezza Rice said North Korea “will soon give its declaration of nuclear programs to China,” a long-awaited report that would allow the Bush administration to recommend the nation’s removal from the U.S. state sponsors of terrorism list. In the …
The House Appropriations subcommittee on Energy and Water approved an increase in Energy Department spending to continue work on Yucca Mountain. The $494.7 million budget request was approved for the fiscal year 2009 despite much talk that Yucca Mountain will never be opened. As Heritage scholar Jack Spencer stresses, Yucca …
Yesterday a House Appropriations subcommittee voted to save 1,900 scholarships for low-income D.C. children from teachers unions intent on killing school choice. The chairman of the subcommittee, Rep. Jose Serrano (D-NY), warned that this was the last year he would allow low income DC students and their families to choose …
As bad as the incestuous relationship between Sen. Chris Dodd’s (D-Conn.) and Countrywide Financial is, it probably is not even the worst part of the housing bailout compromise in Congress. At least the Countrywide bailout would be a one-time theft of taxpayer money (although this bailout would increase risky behavior …
