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 …
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 …
The Obama Administration’s Iraq policy is in disarray amid reports that negotiations have broken down with the Iraqi government over extending the U.S. military presence past the end of the year. The Associated Press reported on Saturday that all U.S. troops would leave Iraq by December 31, except for 160 …
When Bank of America announced a new $5 debit card fee in late September (along with a slew of other banks), President Barack Obama condemned it, and yesterday some Democrat Members of Congress called on Attorney General Eric Holder to launch an investigation. Unfortunately, they’re setting their sights on the wrong target. Instead …
The Obama Administration notified Congress today that the CLASS Act — Obamacare’s long-term care insurance plan — is flawed, unsustainable, and unable to go forward. In a letter to Congress, Health and Human Services Secretary Kathleen Sebelius wrote that “Despite our best analytical efforts, I do not see a viable …
President Obama is sacrificing missile defense for a “reset” with the Russian Federation, writes Rebeccah Heinrichs in her most recent piece. The Obama Administration has scrapped the third site in Poland and the Czech Republic, the Bush’s Administration’s ballistic missile defense plan for the protection of the U.S. and European …
The ongoing “Occupy Wall Street” protests have been characterized by shows of violence, lawlessness, and occasional anti-Semitism. But elected officials are reportedly backing the movement behind the scenes, most recently pressuring the owners of the New York City park that is the epicenter of the protests to postpone a much-needed …
In this week’s Heritage in Focus, former Attorney General Ed Meese and graduate fellow Marion Smith discuss the Constitution and providing for the common defense. Click here to listen. Were the Founders isolationists, who believed in non-interventionism? What relevance does their understanding of providing for defense have today? And what …
If something is too big to swallow, you cut it into bite-sized pieces. But that won’t improve the taste—unless you jettison any stinky stuff. Likewise, the notion of splitting-up President Obama’s Senate-rejected 326-page “jobs bill” won’t improve any of the proposals. It’s good that the break-up would prevent the classic …
