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  • Monthly Archives: October 2011

    Social Security Needs to Be Fixed, Says Senate Finance Minority, but How?

    Entitlement Spending Will Double by 2050

    Senate Finance Committee Republicans have some good advice for the Joint Select Committee on Deficit Reduction (sometimes known as the super committee): Fix Social Security now. As part of a 21-page comprehensive set of recommendations on issues under Finance Committee jurisdiction, the Republicans note that “Social Security reform, aimed at … More

    Morning Bell: Wall Street is the Wrong Place to Occupy

    occupy-wall-street-violence

    A new USA Today/Gallup poll shows that when it comes to assigning blame for the country’s economic woes, more Americans point the finger at Washington, not Wall Street. Yet for weeks, the so-called Occupy Wall Street protesters have camped out in the heart of America’s financial district–and have raised their … More

    Heritage to Co-Host Debate with AEI, CNN

    Heritage-Foundation

    The Heritage Foundation will co-host a Republican presidential debate on foreign policy and national security with the American Enterprise Institute and CNN, officials of the two Washington-based think tanks and the worldwide cable news organization announced late tonight. The Republican candidates’ debate, scheduled for Tuesday, Nov. 15, at 8 p.m. … More

    Americans Blame Economic Woes on Washington Before Wall Street

    occupy-wall-street

    Americans remain convinced of Washington’s culpability in the economic crisis from which the country is still struggling to recover, according to a pair of new polls. The ongoing “Occupy” protests notwithstanding, Americans are more likely to blame the federal government than the financial sector for the country’s economic woes. According … More

    Another Obamacare Failure

    doctor-patient-senior

    On Friday, Secretary of Health and Human Services Kathleen Sebelius admitted that the CLASS program can’t work. After months of insisting that it could meet a 75-year actuarial soundness test and keep with the statutory requirements, Sebelius acknowledged that “despite our best analytical efforts, I do not see a viable … More

    Scribecast: J. Christian Adams on Obama's 'Lawless' Justice Department

    NICHOLAS KAMM/AFP/Getty Images/Newscom

    In June 2010, J. Christian Adams resigned his post as a career attorney in the Justice Department’s Civil Rights Division. Adams cited DOJ’s decision to abandon prosecution of two members of the New Black Panther Party who had brandished weapons outside of a Philadelphia polling station in 2008, shouting racial … More

    Chairman Buck McKeon: Further Defense Cuts Don’t Make Any Sense

    troops

    While America tries to reduce its debt and get its financial house in order, it should not take a penny more out of defense, argues House Armed Services Committee chairman Buck McKeon (R–CA) in The Wall Street Journal. “Priority No. 1” for the “supercommittee,” argues Chairman McKeon, “should be: not … More

    Government Backing for Solar Firms Remains an Economic Drag

    Boris Horvat/AFP/Getty Images

    The economic damage inherent in federal backing for solar power companies extends beyond Solyndra-style bankruptcies, in which taxpayers pour money into unprofitable but politically popular ventures. Even where government-backed companies stay afloat, federal intervention directs resources to less productive and profitable activities. Some solar power companies based in California are … More

    Perilous Times for Israel and U.S. in Defense

    U.S. Defense Secretary Leon Panetta testifies before the House Armed Services Committee on Capitol Hill in Washington, October 13, 2011. REUTERS/Jonathan Ernst

    Last week was a dubious one for the world’s most advanced militaries. In the U.S., Defense Secretary Leon Panetta testified before the House Armed Service Committee on October 13, saying that any further cuts to defense will hollow out the force and risk national security. Meanwhile, in Israel, Defense Minister … More

    Energy Production = Deficit Reduction

    A Kodiak Gas & Oil Corp crew pulled drilling pipe from the ground on unit rig 328 near Watford City, North Dakota.

    Today, the House Natural Resources Committee released its list of recommendations to the deficit reduction super committee. Their recommendations would go a long way to increase revenue for the federal government without raising taxes. The recommendations include increasing energy exploration and production both onshore and offshore, which would increase economic … More