Meeting with his counterparts from Mexico and Canada earlier this month, President Barack Obama said that he expected the Democratic-controlled Congress, after completing work on health care, energy and financial regulation, to draft comprehensive immigration reform bills this year. This time frame acknowledges that no immigration legislation will be passed …
“Nobody is talking about reducing Medicare benefits,” says President Obama…except the lawmakers on Capitol Hill who have proposed to cut roughly $150 billion from the highly popular Medicare Advantage program. One in five seniors enjoy richer and more varied benefits with Medicare Advantage than those in traditional Medicare. Spending needs …
In his original budget proposal, President Obama envisioned a cap-and-trade program that would raise hundreds of billions of dollars by selling emissions credits to businesses. He then proposed spending $504 billion of these revenues on a making-work-pay tax credit, and $120 billion on new energy research spending. However, the House …
Yesterday, President Obama announced his intention to nominate Ben Bernanke to a second four-year term as Chairman of the Federal Reserve Board. Bernanke’s tenure coincided with the most chaotic and painful period in modern financial history. Bernanke has overseen a previously unimagined expansion in the range of Fed programs, and …
David Leonhardt reports in today’s New York Times: You might think, then, that a central goal of health reform would be to offer people more choice. But it isn’t. Real choice is not part of the bills moving through the Democratic-led Congress; even if the much-debated government-run insurance plan was …
WASHINGTON, AUG. 26, 2009—Heritage Foundation President Ed Feulner today issued the following statement on the death of Sen. Edward Kennedy: Even in Washington, it’s possible to disagree without being disagreeable. We should keep that in mind as America mourns the passing of Sen. Ted Kennedy. Sen. Kennedy’s career was marked …
The Obama Administration’s claims that General Motors — the federally-owned auto manufacturer — is independent from political entanglements is once again being tested, this time with an international twist. The issue is what to do with Opel, GM’s German-based European subsidiary (as well as the smaller, British-based Vauxhal). Last week, …
Earlier this may, Attorney General Eric Holder testified before the House Judiciary Committee. He was questioned by former California Attorney General and Congressman Dan Lungren (R-CA) and former Texas trial judge, and Congressman Louis Gohmert (R-TX) about waterboarding and torture. Lungren and Gohmert both trapped Holder into admitting that successfully …
