Last week the House approved a $25 billion loan for Detroit’s Big Three that, if signed into law, would cost taxpayers $7.5 billion. General Motors, Ford and Chrysler claim they need assistance to make the switch from gas-guzzling vehicles to more cars with better fuel-efficiency. We’ve broken down a few …
The Volokh Conspiracy‘s David Bernstein did not believe John McCain did an adequate job explaining his concern with earmarks during last Friday’s Presidential debate. Bernstein pick up the argument: Let’s say Congressman X is an idealistic young Congressman. Some constituents in his rural district ask him to get federal funding …
The $700 billion financial rescue that the House will vote on today is a significant improvement over the drafts released last Friday, and the Friday before that. According to the Congressional Budget Office, the plan will eventually cost “substantially less” than the oft-quoted amount of $700 billion, and it even …
During an interview this morning on Fox News Channel, Sen. Jim DeMint (R-SC) outlined the troubling unconstitutional aspects of the financial rescue plan. Heritage’s legal scholars yesterday outlined the constitutional infirmities that remain.
The Democratic majority’s line of logic appears to work something like this: If taxpayers can afford to spend $700 billion to bailout out the battered financial markets, then they can surely afford to spend $25 billion to bailout the auto industry, $61 billion on bogus “emergencies,” $24 billion for disaster …
After months of lambasting staunch U.S. ally Colombia for its human rights record, the New York-based group Human Rights Watch has published a detailed 236-page report exposing the Venezuelan government of Hugo Chavez’ shabby record with regard to human rights in extensive detail. Describing everything from the marginalization of political …
By popular demand we are posting the text of the provision in the House bailout bill that requires Treasury to divert 20% of all profits away from taxpayers and to left-wing advocacy groups like the Association of Community Organizations for Reform Now (ACORN). SEC. 105. RIGHTS; MANAGEMENT; SALE OF TROUBLED …
Incentives or Investments? – NEI Nuclear Notes Federal subsidies and their role in promoting our national interests have been debated since the earliest days of our nation. Earlier this week, NEI and Management Information Services Inc. released a MISI report that catalogs in exhaustive detail the panoply of federal subsidies …
