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  • Monthly Archives: March 2012

    CBO Report: Spending Is Driving Debt to "Unsupportable" Level

    cbo_logo

    The most significant numbers in today’s updated estimates from the Congressional Budget Office (CBO) are not the official “baseline” figures. More important are CBO’s “alternative” projections, which make clear once again that too much spending—not too little tax revenue—is the biggest threat to the country’s fiscal and economic health. Among … More

    A Game of Nuclear Chicken

    Russia Nuclear Missile

    A March 11 editorial The New York Times appears to support the idea that the nuclear arsenal of the United States acts not as a deterrent to the aggressions of other nuclear powers but rather as an invitation to play hardball. The Times cites options being considered by the “Pentagon … More

    Energy Secretary Chu Tries to Walk Back His Desire for Higher Gas Prices

    In a stunning round of questioning this afternoon, Energy Secretary Steven Chu said he no longer wishes for gas prices to rise to historic levels, as he has previously and repeatedly promoted. At a Senate Energy and Natural Resources Committee hearing, Senator Mike Lee (R-Ut.) asked Secretary Chu: “So are … More

    A Lesson from Greece

    greece

    We’ve corrected Paul Krugman in the past, when he mistakenly invoked imaginary British spending cuts as proof that undercutting Keynesian hydraulics will demolish an already limp economic recovery. This time he points to Greek austerity – or “spending cuts” – as he characterizes it. “Not a day goes by without … More

    Red Tape Ties Up Industrial Base

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    Defense officials need to rethink the way they award contracts, says Daniel Goure, vice president of the Lexington Institute. Goure argues that, in its effort to promote competition, the Pentagon has actually convoluted its system and potentially weakened the defense industrial base. Frequent changes to regulations make it difficult for … More

    Afghanistan: Negotiating While Withdrawing Is Poor Strategy

    In this photograph taken on September 26, 2008, a member Afghanistan's Taliban militia poses as he stands on a hillside at Maydan Shahr in Wardak province, west of Kabul. (AFP PHOTO)

    In the wake of a U.S. Army staff sergeant’s murdering 16 Afghan civilians (mostly women and children), U.S. officials are contemplating the pace and scope of the U.S. troop drawdown from the country. At the same time, they are seeking a negotiated settlement with the Taliban leadership. U.S. and NATO … More

    The Rare Earths Distraction

    rare earth china

    The U.S., EU, and Japan are suing China in the World Trade Organization (WTO), calling Chinese export quotas on rare earth elements an illegal trade practice. The U.S. will most likely win. But the suit is peripheral to real issues and was brought because the U.S. is unable or unwilling … More

    SM-3 Reductions: A Gift to Iran

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    In a recent article, Jeff Stier, a senior fellow at the National Center for Public Policy Research, argued that the Administration’s proposal in the fiscal year 2013 budget to cut funding for the Standard Missile-3 (SM-3) sends the “wrong message to Iran.” This SM-3 funding cut limits the U.S. Ballistic … More

    Millennium Bomber to Remain in Prison Where He Belongs

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    On July 27, 2005, Ahmed Ressam was sentenced to 22 years in prison for attempting to detonate explosives at the Los Angeles International Airport on the eve of the new millennium. Although Ressam intended to murder hundreds of innocent civilians under the auspices of a jihad against the United States, … More

    Chinese Economic Espionage: An Overlooked Concern

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    If you heard that people based in a certain country completely compromised the computer systems of Nortel, a Canadian telecom firm that has since collapsed, what country would you guess? If you heard that a company based in a certain country was accused of receiving commercial secrets stolen from DuPont, … More