Media coverage of the CBO scoring of Senate Majority Leader Harry Reid’s health care bill left out some of the fine print and heroic assumptions that were in the report. The Heritage Foundation believes they merit your consideration. Premiums Rise The media quotes the CBO as saying that ObamaCare would not make premiums rise for people who get their insurance through their job or other groups. This is mostly because millions of people would no longer receive coverage from their employer, and instead would buy insurance in the so-called “non-group” …
A new poll from Harris Interactive Inc released today found that: “Just 51 percent of adults questioned said they believed carbon dioxide and other greenhouse gases would cause the Earth’s average temperature to increase. Two years ago, fully 71 percent of respondents linked greenhouse gases directly to global warming. The Harris results follow polls in recent months from the Pew Research Center for the People & the Press, the The Washington Post and ABC News, and The Wall Street Journal and NBC showing a similar decline in the percentage of …
[youtube]http://www.youtube.com/watch?v=aVhVxJyFPRY[/youtube] Yesterday, House Minority Whip Eric Cantor (R-VA) outlined a seven point common sense plan for job creation here at the Heritage Foundation. Item number 1: “Halt Any Proposed Rule or Regulation Expected to Have an Economic Cost, Result in Job Loss, or Have a Disparate Impact on Small Businesses.” As Cantor explained in his speech, that means, among other things, a merciful end to Obamacare.
From the opening scenes of “Tea Party: The Documentary Film,” one thing is perfectly clear: the “Tea Party” movement is not about Republicans or Democrats; it’s about ordinary Americans shocked into action by their government’s intervention in the market, Wall Street bailouts, and a path toward national health care. [youtube]http://www.youtube.com/watch?v=k2qil4Swcew[/youtube] That action took the form of a grassroots movement of men and women across the country, motivated to take back their government and make their voices heard to their representatives in Washington. In “Tea Party: The Documentary Film,” that story …
As the Senate gets close to the end of the first week of debate on Obamacare, a controversy swirled today around a letter and memo drafted by Senator Judd Gregg (R-NH), as linked by Politico, titled “Foundation for Minority Party’s Rights in the Senate.” The memo explains the rules of the Senate and how the minority party can use the rules to insure that a “full, complete, and fully informed debate on all measures and issues coming before the Senate.” Senate Majority Leader Harry Reid (D-NV) took to the Senate …
The House Financial Services Committee yesterday OK’d a key part of Barney Frank’s agenda for reform of the financial industry yesterday, voting to 31-27 to adopt his plan for so-called “too-big-to-fail” banks. The measure has been widely touted as providing a way to avoid future budget-busting bailouts of the industry. That would be welcome. After a year of seemingly endless TARP bailouts and abuses, most taxpayers want to make sure that we never go down that road again. The problem: far from making future TARPs less likely, the Frank plan …
Leaders from different longitudes and latitudes will make the trip to Copenhagen for the climate change summit from December 7th through the 18th, but many of them are coming empty-handed. The latest comes from India’s Environment Minister Jairam Ramesh who won’t be bringing his treaty-signing pen, “There is no question of India accepting a legally binding emission reduction cut.” This comes a day after Australia’s Senate rejected its Carbon Pollution Reduction Scheme, its emissions trading program, for the second time. Prime Minister Kevin Rudd had hoped to take this to …
When President Barack Obama made his most recent big health care speech in September, he promised the American people his plan would cost only $900 billion. It took almost three months, but Majority Leader Harry Reid (D-NV) finally produced a bill that CBO was willing to score at $848 billion. Problem is, the bill is filled with so many gimmicks that nobody believes that $848 billion score is the true cost of the bill. And yesterday on the Senate floor, Sen. Max Baucus (D-MT) actually admitted it. Watch:
The unemployment rate when President Obama took office last January was 7.6 percent and credit markets were in the throes of a global contagion. He immediately tasked Congress with passing a fiscal stimulus bill, and signed a $787 billion whopper in March. Politicians rarely admit mistakes, especially big ones. Even so, Obama’s White House jobs summit on Thursday is just such an admission writ large. Stimulus 1.0 failed and now with unemployment having burst through 10 percent and climbing the President and the Congress are scrambling to cobble together Stimulus …
Today the White House will host a Forum on Jobs and Economic Growth featuring such leftist luminaries as Joseph Stiglitz and Paul Krugman. Yesterday The Heritage Foundation hosted House Minority Whip Eric Cantor (R-VA) for a presentation on his common-sense job creation plan. After Cantor spoke, Heritage fellow Brian Riedl explained why President Obama’s $787 billion stimulus, and all the other government stimulus ideas of Stiglitz and Krugman, failed: I’m going to examine why the stimulus failed, and why Congress should instead keep tax rates low and spending restrained in …
