Tick, tick, tick — the sound of a Congressional trade bomb. By its own, not very exacting standards, Congress has patiently waited for change in Chinese currency policy. The single most likely time for that was the G-20 finance minister’s over the weekend in South Korea. But nothing meaningful from …
In an ode to irony, The Fiscal Times reports that President Obama’s Commission on Fiscal Responsibility and Reform (more popularly known as the “debt commission”) is running out of money: President Obama’s bipartisan fiscal commission is operating on a shoestring budget and some panel members and lawmakers worry that it …
This Sunday, people around the world will honor the 66th anniversary of D-Day, when over 160,000 troops from the United States, Britain, France and Canada bravely stormed the beaches of Normandy, marking a turning point in World War II. In Bedford, Virginia, a memorial to the invasion will be unveiled with statues of western …
Heritage analysts Rea Hederman and James Sherk write about the June Bureau of Labor Statistics (BLS) employment reportr: “(BLS) announced that net employment increased by 431,000 in May, and that the unemployment rate fell to 9.7 percent from 9.9 percent. While this appears to be good news, 411,000 of those …
The Obama administration’s Race to the Top program presents states with a choice: adopt national standards for academic performance, or refuse desperately-needed federal dollars. The problem? National standards only standardize mediocrity, while taking power over educational choices out of the hands of parents and local school boards and transferring it …
Health care reform was supposed to lower health care spending while expanding access for the uninsured. Instead, though Obamacare will cost taxpayers trillions, it will do little to address the rising cost of care. The government overhaul will not only have large and immediate negative effects for Americans of every …
Heritage budget analyst Steve Keen, rightly points out that the Republican Study Committee (RSC) has unveiled a budget proposal that “is a welcome fiscal blueprint that would restore fiscal discipline to the nation and avert a Grecian formula meltdown.” Unfortunately, the RSC budget also gets a critical component of the …
