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    Federal Accounting May Understate Costs of Solyndra-style Programs

    The accounting methodology used to measure the cost to taxpayers of federal loan guarantee programs such as the one that financed defunct solar company Solyndra may dramatically understate the programs’ financial risk to taxpayers. Simply put, the federal government ignores administrative costs and the risks of borrowers defaulting on their … More

    Chart of the Week: Runaway Spending, Not Low Tax Revenue, Fueling Deficits

    Following the failure of the Joint Select Committee on Deficit Reduction, Sen. Pat Toomey (R-PA) criticized liberals for insisting that any deal include a massive tax hike. In a speech at Heritage last week, he said tax revenue isn’t the problem facing the United States in the future; it’s the … More

    Exclusive Interview: Sen. Pat Toomey on the Super Commitee's Failure

    As one of the 12 members of Congress on the Super Committee, Sen. Pat Toomey (R-PA) had a front row seat for all the negotiations. Since the committee’s announcement late last month that they had failed to reach a deal on at least $1.5 trillion in savings, Toomey has been very vocal … More

    10 Years After Enron, Time to Throw Out Sarbanes–Oxley's Section 404

    Exactly 10 years ago today, the Enron Corporation filed for bankruptcy after it was revealed that it had blatantly falsified its earnings statements for many years. Although most of the accounting irregularities that caused its collapse were already illegal, Congress overreacted and passed Sarbanes–Oxley, a massive and deeply flawed accounting … More

    A $230,000 Taxpayer-Funded 'Green Jobs' Website, but No Jobs Listed

    How’s this for a waste of taxpayer money? According to Energy& Environment News, the Department of Energy is paying $230,000 for a website to promote career paths in the green energy sector–and it has, ironically, prohibited the listing of actual jobs in the industry. Here’s the report: The Department of Energy … More

    Obama Wants to Cut Taxes? Don't Believe It for a Second.

    Liberals stumping for tax cuts are as rare as three-dollar bills and hardcover digital books, and for good reason. Devoid of any other organizing principle, the only job of progressivism today is to grow government, and taxation is the blood stream of government. It is thus with the same healthy … More

    General Motors Bailing Out Volt Owners?

    It’s been a mixed day in the world of the American auto industry. While Ford Motor posted huge sales for November — propelled by a strong demand for SUVs — General Motors has been forced to make the unusual offer of buying back cars from consumers. Tom Krisher at the … More

    Online Chat on the Super Committee

    The Super Committee failed to meet its Thanksgiving to cut $1.2 Trillion from the federal budget. Now what? Click here to join our live “Lunch with Heritage” online chat. We are joined by Heritage’s Director of Economic Policy Studies Alison Fraser. She is taking your questions about why the Super … More

    Junk the Medicare Physician Payment Formula

    In January 2012, Medicare physicians face a 27.4 percent cut in their payment for treating senior and disabled citizens. Congress, as it has routinely since 2003, is feverishly preparing legislation to stop its own goofy Medicare payment formula from going into effect. If they don’t succeed this year, seniors can … More

    Obama Administration Puts Politics Before Trafficking Victims?

    This morning, the House Oversight and Government Reform Committee held a full committee hearing to investigate claims of gross politicization of a grant process that stripped funding for a group effectively serving human trafficking victims. In late September, the Department of Health and Human Services (HHS) ceased funding for the … More