President Obama finally released his budget yesterday—more than two months late. Heritage experts immediately went to work analyzing the mounds of new spending on education, manufacturing, “clean energy,” infrastructure, and small business. But the President didn’t stop at more of the same failed stimulus and Solyndra-type policies. He also piled …
Minimum Wage President Obama’s budget proposes raising the minimum wage to $9 an hour. This would hurt the very workers the President wants to help. When the price of something rises, people—both consumers and employers—purchase less of it. Americans responded to the higher cost of gas by driving less. Businesses …
When the President’s budget comes out Wednesday, it will complete the last piece of the budget puzzle, as the House and Senate have each duly passed a budget according to law. Never mind that the President’s budget is supposed to lead Washington budget discussions, rather than follow. The key question …
Despite a fiscal cliff and sequestration worries, more than $1.2 billion in cash payments for energy projects (in lieu of tax credits) have been issued by the Department of Treasury and Department of Energy since January 1, according to documents from the U.S. Treasury. Through February 14, $1,254,769,726 was distributed …
Despite billions of dollars in unused loan authority remaining under the Department of Energy’s (DOE) Loan Programs Office, negative publicity surrounding the loan guarantee programs (which offer taxpayer dollars to government-approved companies) has tampered with applications, according to a new Government Accountability Office (GAO) report. More than $51 billion in …
President Barack Obama laid out an ambitious agenda last night. Here are some highlights of our experts’ analysis of his claims, his plans, and his promises. Responding to Newtown All Americans, no matter what our backgrounds or political perspectives, abhor the death of innocent human beings. We were shocked by …
Department of Transportation (DOT) Secretary Ray LaHood is moving on. In an e-mail to DOT employees announcing his plans to leave, LaHood highlighted what he considers to be “remarkable accomplishments” during his four years leading the agency: We helped jumpstart the economy and put our fellow Americans back to work …
The Colorado Energy Office (CEO) misspent millions in stimulus funds and could not account for a variety of other financial statements, according to a new audit from the Colorado state auditor. The CEO, charged with administering energy funds from the American Recovery and Reinvestment Act and a host of other …
