• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Monthly Archives: July 2008

    The Bottom Line on Energy

    Rep. Michelle Bachmann (R-MN) stopped by the weekly Conservative Bloggers Briefing at Heritage today, to talk about her recent trip with Minority Leader John Boehner (R-OH) on his “American Energy Tour” to Colorado and Alaska. Bachmann noted that the proposed energy exploration sought in the Arctic National Wildlife Refuge (ANWR) … More

    Already Known to Economists … but Not to the Democratic Policy Committee

    We’re willing to bet that no member of Congress is a regular reader of The Energy Journal, though perhaps some of them should be. It’s an academic journal on energy economics. But maybe leaders on Capitol Hill should start with something The Energy Journal decided not to publish: a paper … More

    The Real Record Breakers Are Coming

    Yesterday the White House updated its budget estimates by releasing the annual “Midsession Review.” Media reports have focused on the projected budget deficits of $389 billion this year and $482 billion in 2009. As always, larger truths have been left out: Reports calling next year’s projected budget deficit of $482 … More

    What's in Nancy Pelosi's Secret Sauce?

    Not oil! In a Washington Post puff piece helping Speaker Nancy Pelosi sell her new book, “Know Your Power,” Pelosi is quoted: “The men had ruled the roost for such a long time, and they liked that environment. They had this attitude of, ‘We know how to get this done, … More

    Free Trade Fact of the Day

    Responding to Barack Obama’s promise to unilaterally renegotiate NAFTA, President George H.W. Bush’s Council of Economic Advisers chairman Michael Boskin writes in the Wall Street Journal: [S]ince Nafta was passed (relative to the comparable period before passage), U.S. manufacturing output grew more rapidly and reached an all-time high last year; … More

    387 Congressmen Agree, Running up the Deficit to Pay for Pork is a Good Idea

    In a process familiar to any troubled sub prime borrower, the current federal highway reauthorization bill spends more money than it takes in. Historically, any excess spending is paid through the Federal Highway Trust Fund and has always been exclusively funded through the gas tax. However, in an unprecedented action, … More

    Morning Bell: Bringing Accountability Back to Transportation Funding

    The steep rise in gas prices has had a dramatic impact on American driving habits. According to Federal Highway Administration data, this May marked the seventh consecutive month that Americans drove fewer miles this year than the year before. Americans drove almost 10 billion fewer miles in May 2008 than … More

    Subsidies Distort the Market

    There’s a lot of finger-pointing going on as to who’s to blame for the extraordinarily high oil prices. The primary targets are big oil and speculators and both are unlikely to be true (see here for speculators and here for big oil). Another target, rising demands from rapidly developing countries … More

    $10 Billion Worth of Safe Power Just Waiting To Be Tapped

    The Chinese, Russians, and Indians are planning to build a combined 159 new nuclear power plants. They are going to need uranium. Fortunately for us, there is an estimated $10 billion worth of uranium, the seventh largest in the world, sitting in Virginia. Unfortunately, like every other front on energy, … More

    Is Miranda Coming to the Battlefield?

    During Salim Hamdan’s U.S. military commission trial last week, defense lawyers pressed FBI agent’s on whether or not Hamdan (who has been accused of being Osama bin Laden’s driver) was ever read a Miranda warning (the Miranda v. Arizona U.S. Supreme Court decision in 1966, which held that potential criminal … More