The bailout parade is continuing unabated in Washington this week. On the heels of a $25 billion bailout for the automotive industry, the Bush Administration agreed yesterday to a $4.3 billion bailout of Massachusetts’ out of control health care spending. Apparently when numbers like $700 billion are being thrown around, …
In the 1970s when gas prices were soaring, the federal government implemented price controls to replace expensive gas with scarce gas, causing consumers to wait for hours to fill up their tank. Today, in the Southeast consumers are experiencing $4-a-gallon gasoline and scarcity. Some gas stations in the area have …
Is the Bush Administration supporting yet another bailout? After seven delays and months of negotiations between Massachusetts and federal officials over the renewal of the state’s Medicaid demonstration waiver which supports its landmark health reform, State House News Service has just reported that a deal has been struck. While the …
Last week the House of Representatives approved a funding bill that reversed a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts. While this is a major victory for American consumers, it is only the beginning. The left and their environmental allies have constructed a massive web …
This week, Heritage senior fellow J.D. Foster squares off with American Prospect’s Robert Kuttner over how Congress should address the economy next in The Los Angeles Times. First JD: The Paulson plan was certainly no cure-all; it was intended to keep capital markets functioning so they can resolve their own …
The 2009 Defense Authorization Bill passed by Congress last week, only authorizes the Air Force the funds needed to keep 317,050 airmen in uniform. This is 11,550 less than the 328,600 airmen Defense Secretary Robert Gates says he needs. Apparently this isn’t even Congress’ fault. Air Force Times reports: The …
Nuclear waste is not just at nuclear power plants, but there’s also radioactive waste at universities, labs and hospitals across the country, as indicated in a recent Associated Press story. These places have all kinds of nuclear waste? Much of it low-level nuclear waste. The United States Nuclear Regulatory Commission …
Campaigning in Colorado yesterday Barack Obama blamed the financial crisis on “a culture of deregulation.” No, we don’t know what this means either. Pressed for specifics, some on the left manage to identify the 1999 Gramm-Leach-Bliley law as the deregulation source for all our problems. But as we have detailed …
