There are still plenty of terrible economic stimulus ideas coming out of President-elect Barack Obama’s transition team, but there were some encouraging admissions from Obama senior adviser David Axelrod this Sunday on Meet the Press. Asked by NBC’s David Gregory if Obama would break his promise to the American people to lower taxes, Axelrod said: Look, we feel it’s important that, that middle-class people get some relief now. He’s promised a middle-class tax cut. This package will include a, a portion of that tax cut that will become part of …
After a hard-fought campaign nearly two years in the making, last night a candidate was elected president of the United States. That candidate promised to “cut taxes for 95% of workers and their families,” expand the Army by 65,000 and the Marines by 27,000, and enact “a net spending cut” for the federal government. Lower taxes, a strong defense and shrinking the size of government. These are core conservative beliefs. Anyone who claims yesterday’s election was the end of conservatism simply was not paying attention to the campaign. Despite a …
With the endorsement of Federal Reserve Chairman Ben Bernanke and lukewarm support from the White House, Congress appears intent on passing another economic stimulus bill, but before lawmakers rush back to Washington after Election Day, they ought to consider the differences between a good measure that helps the economy and one that might do more harm. Testifying yesterday before the House Budget Committee, Bill Beach of Heritage’s Center for Data Analysis explained the approach Congress should take as it considers legislation. Beach also appeared on PBS’ NewsHour last night. Here …
There is a lot of information about the national debt, but misconceptions cloud the debate. There are five common misconceptions about the national debt. This video explains them, as well as why they are not accurate guides to measure the debt. Heritage’s Brian Reidl also mentions the real threat to the National Debt – unfunded entitlement programs. Reidl closely examines the myths on how the debt was created, and what can be done to reduce the burden. [youtube]http://www.youtube.com/watch?v=YabLqJ0RwPQ [/youtube]
