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    President Obama's Budget: A Better Magic Show Than Las Vegas

    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 … More

    Morning Bell: Let the American People Recover

    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 … More

    Boudreaux: FDR's Policies Put the 'Great' in Great Depression

    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 … More

    Why Spending Stimulus Plans Fail

    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]

    Stimulus Turf Wars

    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 … More

    Grading the Nation's Governors

    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 … More

    Want to Cut Government Waste? Here's a Place to Start

    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, … More

    Democrats Try to Push Expensive Stimulus Past Distracted Congress

    Congressional Democrats think they have spotted an opportunity. With lawmakers and the American public focused on the pressing financial crisis, both Speaker Nancy Pelosi (D-CA) and Senate Majority Leader Harry Reid (D-NV) are rushing another massive spending bill through Congress. In ordinary times these bills would be debated at length … More

    Don’t Forget the Other Multi-Billion Dollar Spending Bill Being Debated This Week

    With the debris from the current financial storm still swirling, Congress must not overlook the other massive spending bill speeding its way through Congress. As a result of Congress’s stubborn refusal to fulfill their constitutional responsibility to fund the government (not passing a single appropriations bill this session) they must … More

    Morning Bell: Highway Robbery

    As a general principle, conservatives believe government should not intervene to protect those who have made poor business decisions — even if those decisions have been influenced by excessive government regulation. But there can be rare situations where the cumulative effect of many bad decisions in one sector of the … More