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  • Yearly Archives: 2012

    Chinese Public Opinion Warfare: A Wake-Up Call

    china_cybersecurity_feature

    Chinese advances on the cultural and informational fronts have not gone unnoticed in Washington. While U.S. international broadcasting continues to struggle with budget cuts, Chinese TV (CCTV) this year launched itself on the Washington scene with sparkling new office facilities close to Capitol Hill, and the Chinese news agency Xinhua … More

    Green Graveyard: ReVolt Technology Bites the Dust

    Green Energy Graveyard 600x400 size for featured image

    Bringing the number of tombstones in Heritage’s Green Graveyard to 20 is ReVolt Technology, a Portland-based company, which specialized in developing zinc-air flow battery systems. ReVolt earned its place in the Graveyard when it declared bankruptcy, despite the fact it had been offered a whopping $10 million in funds from … More

    Unemployment Benefits: No Free Lunch

    unemployment application

    Would spending more money on unemployment benefits create jobs? The Congressional Budget Office (CBO) thinks so. According to a new CBO report, extending the current 73 weeks of unemployment insurance (UI) benefits would lead employers to create 300,000 new jobs. This seems highly implausible. Economists widely agree that UI causes … More

    Powerball Jackpot Taxes: How Much Government Would They Pay For?

    Powerball tickets

    The two lucky winners of the Powerball jackpot are a part of Powerball history. Of course, the winnings are subject to federal taxes, making the spoils a little less sweet. But since the President wants to tax the wealthy, let’s see how much taxing these new multimillionaires buys us in … More

    Defense Budget: Getting the Assumptions Right

    military training

    Earlier this year, the Center for Strategic and Budgetary Assessments conducted an exercise that purported to show how a smaller defense budget wouldn’t be so bad after all. However, the assumptions behind this exercise have significant shortcomings. The exercise forced the participants to accept defense funding levels mandated in the … More

    Chart of the Week: Obama’s Fiscal Cliff Plan Has $4 of Tax Hikes to $1 of Cuts

    Obama Forward

    In one of heaven’s sweeter ironies, President Obama today launched the defense of his fiscal cliff proposal at a factory that makes…tinker toys. The setting perfectly reflected the Administration’s level of seriousness about the budget. The “plan,” presented to Republican leaders yesterday, consists of $1.6 trillion in tax hikes over … More

    Production: Obama Administration Praises Lackluster Oil and Gas Lease Sale

    OffShoreOil

    Yesterday marked the first oil and gas lease sale of the Obama Administration’s five-year program for the Outer Continental Shelf. The federal government raked in $157.6 million from more than 20 million offshore acres up for lease in the western Gulf of Mexico. Secretary of the Interior Ken Salazar praised … More

    Fiscal Cliff: Will Obama Stop Kicking the Can Down the Road on Entitlements?

    Even with the President’s desired tax hikes, publicly held debt would rise by $7.7 trillion in 10 years under the President’s budget. That’s right: Our federal debt would continue growing even if the President gets his way completely in the fiscal cliff negotiations. Until the debate focuses on reining in … More

    Morning Bell: 6 Fixes to America's Fiscal Crisis

    President Obama with Speaker John Boehner and Senate Minority Leader Mitch McConnell

    President Obama made his first offer to congressional Republicans yesterday in negotiations over the “fiscal cliff”—an economic catastrophe of tax hikes just a few weeks away. The White House’s proposal? $1.6 trillion in tax increases, $50 billion in new stimulus spending, and a change that would make it easier to … More

    Lesson for Warren Buffett: British Millionaires' Response to Tax Increases

    Newscom

    As the fiscal cliff approaches, Congress and President Obama continue to debate tax increases, even though spending is the problem. Investor Warren Buffett recently opined that tax hikes on the wealthy would not curtail investments or hurt the economy. His logic, like President Obama’s, assumes that incentives don’t matter. Oh … More