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  • Monthly Archives: May 2010

    Closing the Deficit Requires an Open Mind, Not an Open Wallet

    The typically staid pages of the Washington Post Business Section were graced this morning with subtle humor from the virtual pen of the ever-sober, oft sagacious Steven Pearlstein. In a piece titled “Keeping an open mind on solutions to the budget deficit”, Pearlstein neatly lays out the argument one typically … More

    The America Competes Act: Business-As-Usual in Washington

    This week, the House of Representatives will vote on the $86 billion “America Competes Act.” Just a few years ago, an $86 billion authorization would have been considered real money, even by Washington standards. But in this new era of trillion-dollar spending bills (and, not coincidentally, trillion-dollar budget deficits), an … More

    Side Effects: What’s a Medical Expense?

    Vague statutory language can make laws hard to interpret and enforce. And that’s certainly true of the recently-passed Patient Protection and Affordable Care Act. Exhibit A: Obamacare requires insurers to spend at least 85 percent of group market premiums–and 80 percent of individual market premiums–on medical expenses.  The remainder goes to administrative costs and profits. But … More

    Europe Faces Reality

    The European economic model is dead. Don’t believe us? – Ask The Washington Post. Yesterday’s front-page story reported that the loans being made to stave off the debt crisis come with conditions which, if enforced, would require “European governments [to] rewrite a post-World War II social contract that has been … More

    Morning Bell: The Road to Repeal is Well Under Way

    “We have to pass the bill so that you can find out what is in it,” Speaker Nancy Pelosi (D-CA) told us just weeks before Congress passed President Barack Obama’s health care plan. Well, the nation’s post-passage Obamacare education continued yesterday when the Congressional Budget Office (CBO) confirmed that the … More

    Guest Blogger Rep. Ed Royce (R-CA): You Sunk My Battleship

    Will North Korea’s Kim Jong-il get away with murder?  That’s a question Koreans, and many in the region, are asking a month and a half after a South Korean naval vessel was sunk, killing 46. An investigation, assisted by U.S. naval intelligence, and other international partners, is still ongoing.  Yet … More

    Cameron Faces a Massive Challenge Ahead

    Most people in Britain will be glad to see the back of the New Labour era after 13 years of socialist rule. Gordon Brown was a disastrous prime minister, whose list of achievements is nonexistent. He leaves behind a broken Britain, heavily in debt, fearful of its future, and in … More

    Harry Reid's "Smaller" Energy Bill Would Come with Big Costs

    Senator’s John Kerry (D-MA) and Joe Lieberman (I-CT) are set to release the Senate version of a cap and trade bill tomorrow that will call for a 17 percent cut in emissions below 2005 levels by 2020. But if cap and trade cannot garner enough support, Senator Harry Reid (D-NV) … More

    The Road to Economic Freedom and the OECD

    The Organization for Economic Cooperation and Development, a group often seen as an exclusive club of rich countries, voted unanimously on Monday to admit Israel.  The admittance of Israel, along with two other new members (EU members Estonia and Slovenia) brings OECD membership to 34 countries.  OECD membership rewards the … More

    VIDEO: The Very Real Short-Range Missile Threat Obama is Ignoring

    Ryan Mauro, an intelligence analyst with the Asymmetric Warfare and Intelligence Center, flags this new video by the Russian company Concern Morinformsystem-Agat selling its Club-K Container Missile System. Mauro reports: The system allows a weak nation to strike the land and sea targets of a superior force by placing cruise … More