President Barack Obama in an op-ed published in the Washington Post makes several valid points. But the most important is his statement dismissing plans that “echo the failed theories that helped lead us into this crisis.” He’s absolutely right. Failed theories such as: Government spending stimulates the economy. Federal spending …
Maintaining and modernizing our armed forces doesn’t just protect America, it fulfills the Constitution’s mandate to “provide for the common defense.” Yet the defense budget appears to be one place where President Barack Obama and Congress are looking to offset massive new spending elsewhere – “stimulating” or otherwise. “The Pentagon …
Just like the Senate stimulus bill, the more time we examine President Obama’s Cabinet nominees, the more ‘honest mistakes’ are revealed. Congresswoman Solis is having a particularly bad week. Earlier this afternoon, we told you about USA Today’s revelation that Ms. Solis and her husband were experiencing similar tax problems …
The Atlantic’s Marc Ambinder reports that the environmental lobby is on red alert over an amendment to Obama’s Trillion Dollar Debt Plan from Sen. John Barrasso (R-WY). Ambinder says Barrasso is still a firm ‘no’ on the package, but is proposing an amendment that would exempt any project funded by …
Congressional Budget Office Director Douglas Elmendorf has a post up at his Director’s Blog on the Macroeconomic Effects of the Senate Stimulus Legislation. This is what he writes about the short term benefits of Obama’s Trillion Dollar Debt Plan: CBO estimates that the legislation would raise employment by 0.9 million …
Just when you thought the tax problems for President Obama’s Cabinet nominees were finally over, another one surfaces. USA Today reports today that Labor Nominee Hilda Solis’ husband settled over $6,000 in tax liens yesterday. Tax liens that were 16 years old. As a result, today’s hearing of the Senate …
Aside from the Stimulus Package, the Liberals in Congress have something else up their sleeve on their agenda. It is known as the “Employee Free Choice Act”, but names can be misleading. The premise of this bill is to “establish stronger penalties for violation of employee rights when workers seek …
President Barack Obama likes to rail against high salaries on Wall Street and has even enacted a $500,000 salary cap for executives of firms that receive bailout money from the U.S. Treasury. But why stop there? Virtually all Universities receive millions in federal aid every year and are asking for …
