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  • Monthly Archives: April 2010

    Side Effects: Special Treatment for Congress

    As we noted last week, Congress screwed up the language of their health care bill at their own expense. But, thanks to Obama administration lawyers, members and their immediate personal staff might be able to keep their existing health insurance coverage — for now. The problem, as Heritage and others … More

    VAT Finds Favor with Debt Commission Co-Chairman Bowles

    “I think there are many good arguments that you can make for a value added tax or a consumption tax, as opposed to a tax on wages” said National Commission on Fiscal Reform Co-Chairman Erskine Bowles on April 25 during a joint appearance with Co-Chair Alan Simpson on Fox News. … More

    Morning Bell: The Obama Fiscal Responsibility Farce Continues

    Today President Barack Obama’s National Commission on Fiscal Responsibility and Reform will convene for the first time at the White House. Tasked with making recommendations to Congress that would put the budget in primary balance by 2015 and “meaningfully improve” our nation’s long-term fiscal outlook, the commission meets a little … More

    Dodd Bill Could Mean Trouble for USAA

    Sen. Christopher Dodd insists that his financial reform bill is aimed at Wall Street companies. But USAA, the well-known financial-services company for members of the U.S. military and their families, is worried that it will wind up caught in the Dodd bill dragnet. In a rare move, USAA CEO Joe … More

    Groundbreaking School Choice Movement in Illinois

    School choice is on the march in Illinois. And if the Rev. Senator James Meeks (D-15) has his way, 22,000 children stand to gain a lifeline out of failing public schools in the Prairie State. Senator Meeks introduced the school choice bill, which passed out of the Senate in March. … More

    A Special Delivery for UPS That Could Change FedEx Overnight

    Special interest handouts are not a pretty sight. Perhaps that is why lawmakers buried their latest one inside the bill reauthorizing the Federal Aviation Administration. Unfortunately putting handouts out of sight does not make them any better for the economy. At issue is the fierce competition between FedEx and the … More

    Outside the Beltway: Sacridelicious in San Francisco

    Addressing The Question of Global Warming, physicist and mathematician Freeman Dyson recently wrote in The New York Review of Books: There is a worldwide secular religion which we may call environmentalism, holding that we are stewards of the earth, that despoiling the planet with waste products of our luxurious living … More

    The Berkshire Bailout: Congress Misunderstands Markets

    The Wall Street Journal reports that Barack Obama’s favorite capitalist, Warren Buffet, is seeking an exemption from Obama-endorsed derivatives rules for his insurance-and-everything conglomerate, Berkshire Hathaway. Derivatives are risk-shifting financial contracts that Buffet infamously described as “weapons of financial mass destruction.”   After the 2008 financial crisis, Buffet decided to join … More

    NABE Economists on Stimulus: No Impact!

    During the debate on and after the Obama economic stimulus bill  even some conservative economists were arguing the bill was needed to stabilize the economy.  Similar arguments followed every successive “jobs bill” Congress has enacted, despite the growing embarrassment of self-indictment implied by these bills.  It appears the economics profession … More

    Morning Bell: CBO Confirms You're on the Hook for Wall Street Bailout Bill

    President Barack Obama’s favorite rhetorical device is to lecture the American people about what are and are not “legitimate” public policy arguments. So throughout the health care debate, President Obama insisted that it was “not legitimate” to claim that “a public option is somehow a Trojan horse for a single-payer … More