Next week Speaker Nancy Pelosi (D-CA) is expected to attach a provision to the Department of Defense appropriations bill that would increase our national debt limit by $1.925 trillion. This debt limit raise would authorize the U.S. Treasury to borrow as much as $14 trillion, which is 30% higher than the $10.8 trillion limit that was in place when President Barack Obama took office. Defending the unprecedented size of the debt limit, Majority Leader Steny Hoyer (D-MD) told The Examiner: “There is no doubt the debt ceiling will have to …
On October 23rd, a reporter asked Speaker Nancy Pelosi (D-CA): “Madam Speaker, where specifically does the Constitution grant Congress the authority to enact an individual health insurance mandate?” Speaker Pelosi shook her head and before moving on to another question replied: “Are you serious? Are you serious??” Pressed for a more substantive response later, Pelosi’s press spokesman admonished the reporter: “You can put this on the record. That is not a serious question. That is not a serious question.” The Congressional Budget Office (CBO) disagrees. In 1994, the CBO said …
It is a well known economic policy rule that if you want less of something you tax it, and if you want more of something you subsidize it. Policymakers frequently follow this rule to influence behavior. This is why there are “sin taxes” on things like alcohol and cigarettes, and also why “cap and trade” taxes carbon. This is why there are subsidies for education and for “green” technologies. If taxes and subsidies make any sense at all, they make sense when used to tax “bad” things and subsidize “good” …
This past Sunday marked an important anniversary for the American economy. On November 22, 2006, the United States and Colombia signed the U.S.-Colombia Trade Promotion Agreement. This agreement would immediately eliminate tariffs on U.S. exports to this important trading partner – creating billions in revenue for U.S. businesses and new jobs here in America. Unfortunately, it is an anniversary marked by missed opportunities. Instead of implementing this agreement when it was sent to Congress more than 18 months ago, Speaker Pelosi opted to block its consideration indefinitely. Passage of this …
Following last Tuesday’s election, the last thing Speaker Nancy Pelosi (D-CA) wanted to do was allow Members of Congress to go home and talk to their constituents about the $2.6 trillion health care bill she was marshaling through Congress. The centerpiece of Pelosi’s trap and pressure campaign was a Saturday address by President Barack Obama in the Cannon Office Building, where Obama warned Democrats: “Does anybody think that the teabag, anti-government people are going to support them if they bring down health care? All it will do is confuse and …
House Speaker Nancy Pelosi and the House Democratic leadership are frantically trying to find enough votes to pass their giant 2,032 page health care legislation this weekend. But before Speaker Pelosi and liberals in Congress pass their big bill, the American taxpayers should be fully aware of the full price tag of this monster. As Heritage analysts noted earlier in the week, the Congressional Budget Office released its preliminary score of the bill (H.R. 3962) but too many in the media have not been reporting its true cost. The true …
Today at 2pm the House Rules Committee will meet to consider the rule for H.R. 3962 , the Affordable Health Care for America Act. As of this morning 104 amendments had been filed with the Rules Committee for consideration. Republican’s have filed 87 amendments and Democrats have filed 17. The debate in the Rules Committee and a final vote could continue well into this evening. The rule being debated today will not only cover HR 3962 but will also apply to HR 3961, the Medicare Physician Payment Reform Act, also …
