Buried in a January 7th Heritage WebMemo by J.D. Foster and Bill Beach is this passage explaining in careful logic via eloquent metaphor the nature of, and reasons for, economic growth: The American economy does not rise and fall with the level of aggregate demand or deficit spending. Further, government cannot simply pump up total demand through deficit spending. The deficit for 2009 is already projected to exceed $1 trillion, so if deficit spending were effective, the economy should already be poised to take off. Yet the economy is contracting …
Washington – Michigan Congressman Dave Camp raised doubts and highlighted confused realities of the Democrat Spending Bill at today’s Conservative Bloggers’ Briefing, held at the Heritage Foundation. Camp compared provisions in the Spending Bill and the recently passed SCHIP Bill, calling their contradictions ‘absurd.’ “You’re too rich to get a tax cut, but your not poor enough to get health care for free,” he said, referring to Democrat’s refusals (in Ways and Means Committee and on the House Floor) to cut taxes on unemployment benefits for those who earn $50,000 …
Since we are inundated with bad news these days, we thought we would take a seventh inning stretch and share with you some good news. Today, Major League Baseball announced their decision to finally honor Lou Gehrig by helping fight the disease that bears his name, A.L.S. (Amyotrophic Lateral Sclerosis). They will partner with four organizations including A.L.S. Therapy Development Institute; Project A.L.S.; the A.L.S. Association; and M.D.A.’s Augie’s Quest. On July 4, 2009, 15 Major League ballparks will raise money and awareness for this disease that has no cure, exactly 70 …
More highlights from Rep. Pete Hoekstra (R-MI) address on FISA at Heritage today: As President Bush has been trying to focus the country on the threat from radical jihadists, Senate and House Democrats demonstrated they had a different focus when they mandated in the 2008 Intelligence Authorization that U.S. intelligence agencies craft an intelligence assessment of climate change. Before the President’s Day recess, the House Intelligence Committee sent staff to the CIA to see how it is analyzing the environment. Given the Democratic leadership’s lack of focus on the threat …
