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  • Hurricane Sandy

    Five Myths About Extreme Weather and Global Warming

    There is broad (though not unanimous) agreement, even among skeptic scientists, that the earth has warmed moderately over the past 60 years and that some portion of that warming can be attributed to anthropogenic carbon dioxide emissions. However, despite the hoopla surrounding the recent report on the economic impacts of … More

    Remembering Hurricane Sandy “Relief”: A Problem of Federal Spending

    With the recent anniversary of Hurricane Sandy and the budget storm looming ahead, it is worth remembering how Congress “helped” victims of the storm. A year later, those affected by the storm have seen almost none of the promised aid. This should come as no surprise: At the time the … More

    Obama Budget: CBO Shows $1 Trillion Tax Hike, Fake Spending Cuts

    The Congressional Budget Office’s (CBO) official score of President Obama’s budget shows in numbers a vision for economic decline in America. The President imposes a tax increase totaling $1.1 trillion (and a net increase of about $1 trillion), some components of which would directly hit middle-class and lower-income Americans. On … More

    Federal Disaster Relief Spending Out of Control

    The world’s second-largest reinsurer, Swiss Re, reports “that natural catastrophes and man-made disasters cost the insurance industry $77 billion in 2012.” The report noted this figure covered “more than 300 catastrophes and disasters caus[ing] the loss of 14,000 lives and $186 billion.” These disasters included many of the 112 events … More

    Cloakroom: Battle of the Budgets, Round 1

    House Cloakroom: March 11 – March 15 Analysis:  This week House Budget Chairman Paul Ryan (R-WI) will release his 2014 budget resolution for markup in committee. The Ryan budget is expected offer a path to balance in 10 years and include a full repeal of Obamacare as well as a … More

    Morning Bell: How to Balance the Budget in 10 Years

    Both houses of Congress have now voted to suspend the debt ceiling until May 19, buying lawmakers more time to develop a budget. The Senate would put together a budget for the first time in three years—and the details of that budget are crucial. To prevent the federal debt from … More

    Hurricane Sandy Relief Bill: Wasteful Spending Not Helpful

    On Tuesday, President Obama signed into law a $50 billion recovery package for states hit by Hurricane Sandy. Much of the proposed spending in the law, however, is simply wasteful and will not go toward helping the immediate victims. This is unacceptable at a time when the U.S. is running … More

    Sandy Relief: Final Vote on Pork Package Set to Go

    Despite all the handwringing, it appears that President Barack Obama will get what he wanted in his excessive $60.4 billion request related to Hurricane Sandy. Shortly after his request was sent to Congress, the Senate approved President Obama’s package largely intact. Last week, the House passed $9.7 billion for the … More

    Hurricane Sandy Relief: Washington's Latest Spending Spree (VIDEO)

    The U.S. House returns Tuesday to consider the latest installment of Hurricane Sandy disaster aid. The $17 billion base bill (H.R. 152) could grow by an extra $33 billion of pork-laden spending — without offsets. Heritage’s Patrick Louis Knudsen outlined what’s at stake with the spending package this morning. The Senate’s version of the … More

    Hurricane Sandy Relief: An Early Opportunity for Budgeting

    A good test of whether the 113th Congress is likely to take budgeting seriously will come early this week, when the House considers the remainder of its Hurricane Sandy relief legislation. House conservatives are proposing several amendments that would cut enough spending to offset the $17 billion base bill (H.R. … More