Conservatives began talking about rescinding the stimulus after President Obama signed it into law. Liberals are starting to listen. House Democrats approved an amendment to the Afghanistan and Iraq war supplemental yesterday, 239 to 182, that cuts more than $1.6 billion originally allocated for the American Recovery and Reinvestment Act (complete list below). Among the notable rescissions: $487 million from the government’s nutrition program for low-income women and children, known as WIC. A statement from Appropriations Chairman David Obey (D-Wis.) says the rescissions come from programs that “no longer require the …
Liberals in Congress and out are calling for a new tax to pay for the war on terrorists in Afghanistan and Iraq. At the same time, rising unemployment and falling political prospects have driven President Obama and friends to fumble for stimulus 2.0, the first $787 billion Obama stimulus having now so obviously if predictably failed. Only liberals could propose higher taxes and a jobs summit at the same time and not notice the conflict. Of course, the real purpose of the tax proposal is to bring additional leftwing pressure …
Newsweek‘s Stefan Theil reports from Berlin: Climate change is the greatest new public-spending project in decades. Each year as much as $100 billion is spent by governments and consumers around the world on green subsidies designed to encourage wind, solar, and other -renewable-energy markets. The goals are worthy: reduce emissions, promote new sources of energy, and help create jobs in a growing industry. Yet this epic effort of lawmaking and spending has, naturally, also created an epic scramble for subsidies and regulatory favors. … It’s a genetic defect that not …
