Celebrating the company’s Wednesday initial public offering, President Barack Obama last night called his government takeover of General Motors a “success story.” “American taxpayers are now positioned to recover more than my administration invested in GM,” he said. Left unsaid is the fact that if the Obama Administration keeps selling …
For two years now, President Barack Obama’s administration has been on a concentrated mission to expand the size and scope of the federal government. Of course, this passionate mission is derailed when the inefficiencies of certain government services are highlighted in the American conscience. And every time the general public …
With the nuclear New START Treaty causing waves in Congress, President Obama’s recent overseas trips drawing criticism from both supporters and opponents, and the upcoming NATO heads-of-state summit in Lisbon this month, a fundamental question arises: What is America’s role in the world? In the newest installment in the Understanding …
Government employees owe $3.3 billion in back taxes, CNBC reports. According to Heritage Foundation fellow James Sherk, the typical federal worker “receives 22 percent more in wages than an equally skilled private sector worker … .” And, says Sherk, when both wages and benefits are toted up, federal workers are …
Congressional Quarterly is reporting that the United States Senate is going to enact a one-month reprieve for Medicare physicians, saving them once again from a draconian reduction in Medicare payment. This entire system is a mess. Under the existing Medicare payment formula (the Sustainable Growth Rate, or SGR) for doctors …
Both liberals and conservatives agree that Social Security’s coming fiscal problems need to be addressed soon or they will only grow worse. A recent analysis for the Pew Charitable Trusts by Charles Blahous, one of the two public trustees of the Social Security and Medicare trust funds, and Robert Greenstein, …
The report today from the U.S.–China Economic and Security Review Commission is chilling but not terribly surprising. According to the commission (pages 243–44): For about 18 minutes on April 8, 2010, China Telecom advertised erroneous network traffic routes that instructed U.S. and other foreign Internet traffic to travel through Chinese …
