In fiscal year 2010, the first full fiscal year under the Obama Administration, the federal government issued 43 major new regulations. According to the Administration’s own estimates, the total cost of these rules was $28 billion. Only two of the new rules reduced measured regulatory costs, and then by only …
Chinese President Hu Jintao is set to arrive in Washington, D.C., today, the first leg of a four-day trip to the United States that includes a lavish black-tie White House state dinner tomorrow night. The full “state visit” treatment that Hu will receive, including a joint reviewing of U.S. troops, …
As we celebrate Martin Luther King Day, it is fitting to reflect upon the tortured experience of blacks in this country. Looking back upon four centuries of African-American history two things are undeniably clear: for the greatest part of America’s history, blacks were grossly mistreated and the country has come …
Next Monday, January 17, is the 50th anniversary of President Dwight Eisenhower’s farewell address. The speech is most commonly remembered for President Eisenhower’s warning about the “unwarranted influence” of the “military-industrial complex,” but often left out of the story is Ike’s warning about profligate federal spending as well: “We cannot …
This morning, The Heritage Foundation and The Wall Street Journal released the 2011 Index of Economic Freedom, and while the news is good for many countries, it is depressing for the United States. All told, 117 countries, mainly developing and emerging market economies, improved their Economic Freedom Index score. Meanwhile …
When now-House Minority Leader Nancy Pelosi (D–CA) was sworn in as Speaker on January 4, 2007, the national debt stood at $8.67 trillion. By the time Pelosi surrendered the gavel to Speaker John Boehner (R–OH) yesterday, the national debt stood at $14.01 trillion. At $5.34 trillion, that means Speaker Pelosi …
