President Barack Obama’s mortgage bailout plan is predicated on the idea that by forcing lenders to rework some mortgages, there will be less foreclosures and housing prices will not keep falling. Problem is, as soon as you start setting standards to determine which mortgagees qualify, many homeowners won’t qualify for …
Concern about our nation’s fiscal health has long been a priority for The Heritage Foundation. Since 2005, Heritage has partnered with a diverse coalition of public policy institutions to educate Americans about our nation’s true long-term financial condition and large and growing fiscal imbalance. Working with the Concord Coalition and …
In a month of Congressional efforts to prop-up the stalling US job market, Nevada’s elected officials are fighting to make conditions worse in their state. Steve Tetreault and Keith Rogers report in the Pahrump Valley Times that the Department of Energy has cut 500 of 600 workers from Yucca Mountain …
Ahead of President Barack Obama’s “Fiscal Responsibility Summit” being held today, The Heritage Foundation hosted a panel last week titled: “Real Change or Pocket Change? The High Stakes of Entitlement Reform for Young Americans.” After the event, we asked attendees what they had learned: [youtube]http://www.youtube.com/watch?v=rDpq65A15ns&eurl=http://www.insideronline.org/blogarchive.cfm?blogid=9492C5C4-F3E0-C228-A4293F608A9D5281&feature=player_embedded[/youtube]
The Heritage Foundation does not believe in Keynesian economics. We do not believe that massive government spending has a “multiplier effect” which turns the initial amount of money spent by the government into an even greater increase in national income. Economic studies of projects claiming to have a “multiplier effect” …
The Obama administration’s initial efforts at transportation policy are off to a rocky start. Transportation Secretary Ray LaHood this morning came out in favor tracking and taxing drivers on the miles they drive instead of the amount of gas they consume. Almost immediately a spokesperson at the Transportation Department said …
Globalization has touched every aspect of modern life. Today, not just imports, exports, and jobs, but terrorists attacks—both their planning and prevention—are international affairs. Some of the Saudi 9/11 hijackers plotted parts of their attacks in Hamburg, Germany as well as in Florida. Safe havens in Latin America facilitate recruiting, …
President Obama will host a three-hour “Fiscal Responsibility Summit” at the White House Monday to “underscore how big the problems are.” Sixty members of the House and Senate, and representatives from various think-tanks and advocacy organizations from across the political spectrum will attend in an effort to sort out the …
The federal government’s Troubled Asset Relief Program been complicated and controversial from the beginning. First sold by then Treasury Secretary Hank Paulson as a plan to buy mortgage-related assets from U.S. financial institutions,TARP quickly morphed into an incoherent slush fund. New Treasury Secretary Timothy Geithner has had a very similar problem …
