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  • Monthly Archives: May 2010

    Only VAT Can Fund Leftist Welfare State

    Recently in the Wall Street Journal, David Ranson pointed out what tax economists have known for a long time: no matter what changes Congress makes to the existing tax code, it will continue to raise the same amount of revenue as a percentage of GDP year-after-year. Ranson writes: Despite big … More

    Dodd and Derivatives: Swapping New York for London

    Senate Democrats secretly agree that Sen. Blanche Lincoln’s (D-AR) proposal to attempt to impose a complete separating on credit default swaps and credit providers (i.e. banks) makes no sense. But they’re too embarrassed to say so while Lincoln uses the proposal to wage a populist campaign for re-nomination against liberal Arkansas … More

    The State Department Can’t Seem to Get Its “Fact Sheets” Straight on Missile Defense

    On April 8 President Obama and Russian President Dmitry Medvedev signed what was supposed to be the next historic step in nuclear disarmament—the “New START” treaty. However, a major rift between the two nations immediately arose regarding the effect of the treaty on U.S. ballistic missile defense. In short, the … More

    In The Green Room: Former National Security Advisor Stephen J. Hadley on Effective Counter-terrorism

    Each year, The Heritage Foundation’s Asian Studies Center hosts the B.C. Lee lecture featuring a prominent guest speaker on international affairs. This year’s guest was Stephen J. Hadley, a former National Security Advisor for President George W. Bush from 2005–2009. Before his lecture, Hadley sat down to discuss whether the … More

    Dorgan’s Naked Idea – Doesn’t Work

    As debate on the Wall Street “Reform” bill winds down in the Senate, Sen. Byron Dorgan (D-ND) is still pushing his ban on “naked” credit default swaps. We warned that the idea wouldn’t work. Now we have some real world experience with just such a proposal: Germany banned the practice … More

    America’s Decline is Not Inevitable

    Thanks to a vigilant civilian and a cop on horseback, many unsuspecting Americans were protected from another terrorist attack this month in New York City.  We were lucky this time, but we will not always be so.  Terrorists will learn from this as they do with every failed attempt.  Will … More

    We Know Stevens, But What Do We Really Know About Kagan?

    Many who advocate for the appointment of originalist judges believe that the Court will not be worse off when Justice John Paul Stevens is replaced.  After all, who could possibly be more of a liberal activist than the leader of the Court’s liberal bloc, Justice Stevens? This mode of thinking … More

    You Gotta Fight, for Our Right, to Missile Defense

    Yesterday, Sen. Jim DeMint (R-SC) clashed head on with Obama administration officials in the first hearing over New START, a proposed nuclear arms control treaty that the White House has submitted to the Senate for ratification. DeMint hammered home the point that the treaty would limit how future presidents could … More

    "I'm Afraid To Tell You There's No Money Left"

    When Britain’s new Chief Secretary to the Treasury, David Laws, walked into his office last week, he found a letter from his predecessor, Liam Byrne. Laws assumed it contained useful advice. But when he opened the envelope, he found that the letter – which he characterized as “honest but slightly … More

    Morning Bell: "We’ve Come to Take Our Government Back"

    Last month the Pew Research Center reported that only 22% of Americans trusted the government to do the right thing always or most of the time. And that was the good news for incumbents: Favorable ratings for both major parties, as well as for Congress, have reached record lows while … More