With debt and spending out of control, the good news is that the House Budget Committee is taking important steps toward focusing Congress on its most basic duty: budgeting. By speedily passing several budget process reform bills, Chairman Paul Ryan (R–WI) and others on his committee are moving Congress in the right direction—toward controlling spending and increasing accountability and transparency in the federal budget process. The fundamental problem with the Senate’s refusal to pass a budget for more than 1,000 days is a lack of fiscal discipline, which results in …
The U.S. coal industry is facing a grim outlook in 2012, and the Environmental Protection Agency’s (EPA) pollution rules are one big reason. The Mercury and Air Toxics Standards and the Cross-State Air Pollution Rule have contributed to the premature shutdown of several coal plants and the idling of coal mines across the country. The EPA’s attack on coal is sending electricity bills skyrocketing as more expensive sources of energy take coal’s place. While anti-coal protestors cheer, American families are paying the price. Alpha Natural Resources, a major Appalachian coal …
At this State of the Union address, President Obama proudly stated that “American oil production is the highest it’s been in eight years” and declared that his Administration would “open more than 75 percent of our potential offshore oil and gas resources.” While President Obama spoke favorably of the role that oil and gas development play in America, the President’s and his Administration’s actions don’t match with his words. There are several areas where the President and his Administration are unreasonably hindering access to more oil and gas for Americans …
Leading up to his third State of the Union (SOTU) address tonight, President Obama appears once again less interested in facilitating real job growth than in creating the mere appearance of job creation. In a SOTU preview video released over the weekend, Obama declared that American energy fueled by homegrown and alternative energy sources is an important step toward rebuilding the economy. This statement in conjunction with last week’s rejection of the Keystone XL pipeline suggests a continuation of the misguided focus on the government pushing so-called “green jobs,” whether …
The Environmental Protection Agency (EPA) is on a mission to further unilaterally expand its already vast regulatory powers in the name of “sustainable development.” Congress should take action to rein in the agency before it’s too late. An EPA-requested report issued in August by the National Research Council (NRC), a private nonprofit, lays out “an operational framework for integrating sustainability as one of the key drivers within the regulatory responsibilities of EPA.” The NRC and the EPA held a meeting on the report just last week. The exact meaning of …
Another year, another hopeless climate talk. This time, the annual U.N. climate change summit is taking place in Durban, South Africa. It looks painfully like another misguided attempt to convince developed countries to shoulder global emissions targets while redistributing wealth to developing countries. This approach, again, is likely to fail—despite China’s recent announcement that it would consider accepting a legally binding agreement. For the past 17 years, one U.N. climate talk after another has failed over the same basic issue. While top-down international policymaking may sound appealing to those whose …
The Environmental Protection Agency (EPA), seemingly undeterred by the slow economic recovery, is marching ahead with air pollution regulations that would increase electricity prices, raise costs for businesses and consumers, and risk power outages. The EPA’s Cross-State Air Pollution Rule (CSAPR) and the Mercury and Air Toxics Standards (MATS) are scheduled to go into effect in January of 2012 and 2015, respectively. Other pending related regulations include the Boiler MACT and Utility MACT rules, coal ash regulations, and new standards for cooling water intake structures. All of these are expensive …
Camping out for nearly a month, yelling, chanting, and painting signs is apparently some people’s idea of a good time. But given all this time on their hands, and with just a little guidance, “Occupy Wall Street” protestors might really make a difference. They could, for example, help out this small-business owner. Gene Mark has some creative action items for the protestors of “Occupy Wall Street.” In his witty Huffington Post piece, filled with good-natured sarcasm, Mark calls on the protestors to help his small business during protest down time. …
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 and continue reckless fiscal policies. This course is reversible, however. At a recent House Budget Committee hearing on the fiscal facts concerning Medicare and Social Security, Members were divided on how to save Social Security. Despite hearing from Steve Goss, …
“The late great Austrian economist F.A. Hayek would have seen the Arab Spring for the economic revolt it was right from the start,” writes Hoover Institution scholar Fouad Ajami in The Wall Street Journal. In his iconic Road to Serfdom, Hayek laid out the stepping stones that lead societies to abandon individual freedom and replace it with central planning and socialism. Ajami explains how the Arab world went down its road to serfdom during the 1950s and ’60s. America faces a similar risk today. Ajami writes: “What Hayek would call …
