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    Obama’s “Lucy Move the Football” Fiscal Cliff Plan Still Not Balanced

    Volleys of negotiating counter-offers are coming in faster now that Christmas break and the looming fiscal cliff are just around the corner. While there is much unsatisfactory with Speaker of the House John Boehner’s (R–OH) Sunday night proposal, let us not forget that the reason we are watching this needless, … More

    Soot, Soot Riot: EPA's New Rule Costly and Unnecessary

    Faced with a court-ordered deadline, the Environmental Protection Agency (EPA) finalized more stringent rules for National Ambient Air Quality Standards for Particulate Pollution (PM2.5), more commonly known as soot. The new standard lowers the standard from 15 micrograms per cubic meter of air down to 12 micrograms, and counties must … More

    Fiscal Cliff Solutions: Soar Over the Cliff or Kick the Can

    Kicking the can is the least repugnant remaining resolution to the fiscal cliff. The only alternatives appear to be the Republicans’ unconditional surrender on income tax rates (and conceding their principles) or simply going over the cliff. The story is now a familiar one. Congress and the President conspire to … More

    Fiscal Cliff: Decoupling Conservatives from Their Core Principles

    There are many ways to surrender—and some congressional Republicans seem bent on exploring them all. In the debate over the fiscal cliff, the President’s position is simple: The Republicans must capitulate on income tax rate hikes, and all other serious issues are not up for discussion. Never mind that Obama … More

    Deficit Spending and Debt: Lessons from Japan

    Deficit spending does not foster economic recovery. The U.S. and the world need to recognize the stagnation and inter-generational inequality caused by such spending, and for reference, they need not look further than Japan’s recent history of deficits. In addition to its two lost decades, Japan’s heavy borrowing means the … More

    QE4: Another Big Step Down a Dangerous Road

    The Federal Reserve Board today announced the introduction of yet another hyper-aggressive monetary policy, dubbed “QE4” by some for the fourth round of quantitative easing. Three times a dud, fourth time a charm? Not likely. The Fed’s concerns for the economy are well-founded. The economy continues to struggle badly under … More

    Tax Increases Won't Solve Washington's Spending Problem

    “We make some tough spending cuts on things that we don’t need; and then we ask the wealthiest Americans to pay a slightly higher tax rate. And that’s a principle I won’t compromise on.” At yesterday’s fiscal cliff campaign stop in Redford, Michigan, President Obama delivered these remarks and hammered … More

    7 Myths About the Wind Production Tax Credit

    The wind production tax credit (PTC) has created an industry that produces overpriced, intermittent power, and it will continue to produce overpriced, intermittent power so as long as there is a PTC to pay for it. Here are the top seven myths associated with the PTC: Myth #1: Wind power … More

    Fiscal Cliff: House Republican Proposal Abandons Core Principles, Gains Little

    The House Republican leadership has offered a substantive counteroffer to President Obama’s frivolous fiscal cliff proposal of last week. At first blush, it appears little more than categorical, pre-emptive capitulation. To be fair, the details of the Republican proposal are extraordinarily vague. Nor is much clarity or comfort gained from … More

    Morning Bell: 6 Fixes to America's Fiscal Crisis

    President Obama made his first offer to congressional Republicans yesterday in negotiations over the “fiscal cliff”—an economic catastrophe of tax hikes just a few weeks away. The White House’s proposal? $1.6 trillion in tax increases, $50 billion in new stimulus spending, and a change that would make it easier to … More