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  • Monthly Archives: August 2010

    Morning Bell: The Obama Tax Hikes, Another Step Toward a European Welfare State

    Last night, the Senate voted 61-39 in favor of a $26 billion bailout for states and government unions financed in part by an $11 billion tax hike that will kill American jobs at U.S. companies that compete overseas. Worse, before that final vote was taken, the Senate also defeated two … More

    The CLASS Act: Obamacare’s Other Public Option

    The American people made it clear during the recent health care debate that they were leery of a public option. But included in the Patient Protection and Affordable Care Act (PPACA) passed by Congress is the CLASS Act, a public option of a different sort: a government-run long-term care entitlement. … More

    In the Green Room: Senator John Thune on Spending, Kagan, and New START

    Yesterday, Sen. John Thune (R-SD) spoke at Heritage on the urgent need to rein in federal spending and reform the budget process. As Thune explained, there are 26 committees and subcommittees dedicated to spending, but not one to cutting spending. Afterward, he sat down with us for a short interview … More

    It’s Official: Medicare’s Finances Shadowed by Uncertainty

    If you do a quick read of the Medicare Trustees Report, it would seem that Medicare’s finances have dramatically improved since last year. The 2010 report shows that Medicare has a $30.8 trillion shortfall (net present value terms of excess costs over revenues over the 75-year time horizon). Last year … More

    Senate Sends Message in Kagan Confirmation

    Today the Senate confirmed Elena Kagan to the United States Supreme Court.  Yet the vote breakdown is telling.  Even with a Democrat stronghold in the Senate, Kagan received more “no” votes [37] than any Democrat Supreme Court nominee in 100 years, and with bipartisan opposition to top it off.  With … More

    Outside the Beltway: Taxpayers Footing The Bill for Wasteful Spending

    The city of Bell, CA paid their former city manager nearly $800,000 a year. There was so much community backlash to the exorbitant salary, that he resigned. They had good reason to be outraged. The city manager was making nearly 20 times what the average family household income is in … More

    A Google-Verizon Truce On Internet Regulation?

    Google and Verizon, two of the leading antagonists in the long-running drama over FCC net neutrality regulation, may be about to call a truce.   According to numerous media reports, the two firms have or will soon agree to a compromise framework for regulation, which would provide for a limited degree … More

    Orszag vs. Ryan

    And so we have finally arrived at the heart of the matter. In recent days, Peter Orszag, the now-former director of the Office of Management and Budget (he left the position at the end of last week), and Ezra Klein, the like-minded liberal blogger for The Washington Post, have weighed … More

    Trustees Report: Social Security and Medicare are Unsustainable

    The Social Security and Medicare Trustees today released their annual reports on the fiscal condition of the programs, and the situation for these programs is still dire. Although the programs’ fiscal health hasn’t worsened since last year, both programs are still on an unsustainable course. Most significantly, the programs are … More

    Energy Subsidies Prove Unsustainable

    There is nothing like economic hardship to make a country step back and take a fresh look at its priorities. When faced with a need for drastic budget cuts and job creation, countries such as Spain, the United Kingdom, Germany, France, and the Czech Republic have all made the decision … More