Hitting the Federal ATM, Again Apparently, It Does Grow on Trees: After an $800 billion stimulus bill, the President’s budget increases spending by $1 trillion over 10 years, includes an additional $250 billion placeholder for another bailout, and calls for a pay-as-you-go (PAYGO) law while astonishingly violating that rule by …
The Wall Street Journal‘s Kimberley Strassel reports today that the businesses in the U.S. Climate Action Partnership are beginning to realize that the cap and trade was never about global warming: “People are learning,” says William Kovacs, vice president of environment, technology and regulatory affairs at the U.S. Chamber of …
Classic Tax and Spend Budget Increase, Raise and Hike: The President’s budget proposal increases taxes by $1.3 trillion; raises entitlement spending by $700 billion (including the health care fund), and hikes discretionary spending by a steep 12%. Creating Deficits, Not Eliminating Them: Given the budget deficit has already quadrupled in …
Rhetorically there was much to like in President Barack Obama’s speech to Congress last night. None better than this early statement: The answers to our problems … exist in our laboratories and universities, in our fields and our factories, in the imaginations of our entrepreneurs and the pride of the …
George Mason University economics professor Don Boudreaux offered a grim assessment of the economic stimulus package that’s making its way through Capitol Hill, questioning President Barack Obama’s contention that government must do something. “Conventional wisdom in Washington is that we must do something regardless of how wise or prudent it …
Heritage’s Brian Riedl appeared on C-SPAN’s “Washington Journal” this morning to debate Center for American Progress fellow James Kvaal about President-elect Barack Obama’s spending stimulus. Check out Riedl’s Wall Street Journal op-ed to understanding why government spending won’t stimulate the economy. [youtube]http://www.youtube.com/watch?v=m9sHyQ_IRt4[/youtube]
The crowd eager for a handout from the upcoming economic stimulus bill is growing. On December 8th, the US Conference of Mayors presented their wish list. The report, entitled “Mainstreet Economic Recovery,” lists 11,391 local infrastructure projects with a price tag totaling $73.2 billion. Unfortunately, the list is basically a …
West Virginia Gov. Joe Manchin received an “A” from Cato. (Newscom) The Cato Institute released its ninth biennial fiscal report card on the nation’s governors yesterday, and topping the list with “A” grade were Charlie Crist of Florida, Mark Sanford of South Carolina, and Joe Manchin of West Virginia. Cato …
John McCain made a point of mentioning Citizens Against Government Waste during all three presidential debate. He cited the National Taxpayers Union in the last two. Today both organizations responded with a list of government waste that’s just waiting to be cut. NTU’s research arm, the National Taxpayers Union Foundation, …
