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  • Monthly Archives: July 2011

    Heritage Findings Reaffirmed: U.S. Not Ready for a Massive Oil Crisis

    Banner bearing of Iran's Ayatollah Ali Khamenei hangs over Iranian oil field.

    The United States lacks effective energy policy responses in the event of a major oil crisis. This was the conclusion reached at a recent simulation by Securing America’s Future Energy. Little surprise here: We arrived at the same conclusion in three energy simulation exercises conducted at The Heritage Foundation in … More

    Warren Rebuffed, but Consumer Finance Bureau Still a Threat

    11-6-2-elizabeth-warren

    President Obama will bypass Elizabeth Warren to lead the Consumer Financial Protection Bureau (CFPB) and instead nominate former Ohio attorney general Richard Cordray to the post. The White House announcement on Sunday ends months of uncertainty about whether the President would accede to the demands of Warren’s steadfast supporters or … More

    Morning Bell: What Is Poverty in America?

    Percentage of Poor U.S. Households with Ameneities

    As Congress struggles to find a way to cut spending as part of raising the $14 trillion debt ceiling, they should take a close look at the more than $1 trillion spent every year on welfare. You’ll be surprised to learn that many of the 30 million Americans defined as … More

    Investing in Liberty: An Interview with Congresswoman Ileana Ros-Lehtinen

    Ileana Ros-Lehtinen’s path to Congress is unlike many others. Representing the 18th congressional district of Florida, she has been one of Congress’ leading voices for democracy and human rights for nearly two decades, and as a political refugee herself from Cuba, it’s fitting that she now chairs the House Foreign Affairs … More

    House and Senate Cloakroom: July 18 – July 22

    Unofficial Seal of the US Senate

    Next week will be a big week in the House for the fight over the debt ceiling increase. On Tuesday the House will vote on the cut, cap and balance plan that would reduce spending, enact a statutory spending cap and make an increase in the debt ceiling contingent on the passage of a balance budget amendment to the Constitution. On Friday the House will vote on that balance budget amendment. These will be major votes as the administration’s stated August 2nd deadline to raise the debt ceiling approaches. More

    Washington in a Flash: Harry Potter Couldn't Solve America's Debt Crisis

    Harry Potter and Lincoln Memorial

    “Harry Potter” fans everywhere helped make the eighth and final movie the highest-grossing opening of all time at both U.S. and international box offices with a total of $475.5 million. That’s a lot of money, but still nowhere near trillions in debt crippling Washington. The White House and congressional leaders … More

    Al-Qaeda Is Down but Not Out

    Aymanal-Zawahiri

    Turkish authorities arrested 15 suspected al-Qaeda militants this week and foiled a plot to bomb the U.S. embassy in Ankara shortly before Secretary of State Hillary Clinton was scheduled to arrive in Turkey for a diplomatic conference regarding Libya. This should serve as a reminder that al-Qaeda has survived the … More

    Chart of the Week: Each American's Share of National Debt is Growing

    Throughout the debate over the debt limit these past few weeks, Americans have become increasingly alarmed with our nation’s staggering $14.3 trillion debt. Many might wonder how the government is ever going to repay its mounting debt. Unfortunately, that responsibility will fall to the Debt-Paying Generation (ages 5-30). Currently, every … More

    Scribecast: Rep. Darrell Issa Discusses Operation Fast and Furious

    Rep. Darrell Issa at Oversight and Government Reform Committee

    Rep. Darrell Issa (R-CA) says the House Oversight and Government Reform Committee is finally “beginning to break down the walls of silence and refusal” from the Obama administration about the Operation Fast and Furious scandal. As its chairman, Issa has doggedly pursued answers on the illegal gun trafficking operation run by the Bureau … More

    On Social Security, Tax Hikes Are Not the Answer

    entitlements-double-tax-rates-600

    Social Security is currently unsustainable. It began running deficits in 2010 and its trust fund will be exhausted by 2036, which is when seniors will see about a 25 percent cut in benefits. This is the scenario we face if Congress and the President fail to enact meaningful entitlement reform … More