Here’s a principles-of-economics question: Suppose the U.S. gross domestic product (national income) is currently $14 trillion. Then suppose the U.S. raised all tariff, income tax, and sales tax rates to 100 percent. How much money would the government collect? If you realized that nobody would generate taxable income under such …
The oil spill crisis in the Gulf of Mexico gets worse by the day. Oil spews from the broken well, further polluting our water and shores. The clean-up efforts drag on with bureaucratic interference, making matters worse. And what is the Obama administration doing? It continues to push for unrelated …
As President Medvedev of Russia is coming to visit Barack Obama, the Administration’s spokesmen are desperately trying to convince us that the “reset” policy with the Russia has paid off. They argue that Russia and the United States have developed a real partnership, as demonstrated by the signature of the …
The Senate Foreign Relations Committee held its second hearing this week on the New START Treaty between the United States and the Russian Federation. Led by the chair of the committee, Sen. John Kerry (D-MA), and ranking minority member, Sen. Dick Lugar (R-IN), a number of senators addressed several areas …
At today’s Senate Foreign Relations hearing on the START Treaty (a U.S.-Russia nuclear arms pact) that President Obama is seeking Congressional approval for, I asked Senator Kerry a simple question. Should it be the goal of the U.S. to have a missile defense system that renders nuclear threats by other …
Senators Kerry and Lieberman have introduced their “compromise” climate change legislation that relies largely on a “cap and trade” scheme to reduce carbon emissions. Even assuming there was a need for carbon limits, the Kerry-Lieberman bill gets the mechanism all wrong, apparently because the Senators either don’t understand or don’t …
Last year Senators John Kerry (D-MA) and Barbara Boxer (D-CA) rolled out a companion cap and trade bill to the Waxman-Markey version that passed in the House of Representatives. Boxer-Kerry was essentially dead on arrival so Senator Kerry went back to work, this time with Senators Joe Lieberman (D-CT) and …
