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    The Jobs Summit: Jobs Failure 2.0

    The unemployment rate when President Obama took office last January was 7.6 percent and credit markets were in the throes of a global contagion. He immediately tasked Congress with passing a fiscal stimulus bill, and signed a $787 billion whopper in March. Politicians rarely admit mistakes, especially big ones. Even … More

    Why Big Government Stimulus Fails

    Today the White House will host a Forum on Jobs and Economic Growth featuring such leftist luminaries as Joseph Stiglitz and Paul Krugman. Yesterday The Heritage Foundation hosted House Minority Whip Eric Cantor (R-VA) for a presentation on his common-sense job creation plan. After Cantor spoke, Heritage fellow Brian Riedl … More

    Reid Health Bill Raises Premiums

    Today, the Congressional Budget Office (CBO) released a new report detailing why individuals who purchase insurance in the non-group market would see much higher premiums in 2016 under Obamacare than they would under current law. On average, those in large-group employer-sponsored plans would see their premiums remain flat. But this … More

    How HHS Became a Government Propaganda Machine

    In an arrogant and somewhat bizarre display of disinformation, the U.S. Department of Health and Human Services (HHS) is feeding local news sources with “new reports” about health insurance “reform.” Local stories have started appearing, citing new reports from HHS. A story out of northwest Indiana, for example, cites “… … More

    Obamacare Hurts the Young

    After noting that Social Security, Medicare and Medicaid spending totaled $1.3 trillion, 43 percent of federal spending and more than twice military spending, in 2008, the Washington Post‘s Robert Samuelson turns to Obamacare: Now comes the House-passed health-care “reform” bill that, amazingly, would extract more subsidies from the young. It … More

    The Senate Health Bill: True Cost is $4.9 Trillion

    As we mentioned this morning, nobody believes that Congress will follow through on the health care spending cuts used to help pay for the Reid Health Bill. At NRO, Ethics and Public Policy Center fellow James Capretta combs through the CBO report and delivers a true price tag for the … More

    The Senate Health Bill: Budget Gimmicks Galore

    Senate Majority Leader Harry Reid unveiled his 2,074 page health care bill with claims that the massive measure falls under the $900 billion cost threshold promised by the President. To put it charitably, the truth is more complicated. The bill depends on budget gimmicks and unrealistic assumptions and projected savings … More

    The Dirty Job That Congress Won’t Do on Its Own

    Congress needs someone like Mike Rowe to do the dirty job that politicians won’t touch. Our $1.4-trillion (and rising!) annual deficit and $12-trillion accumulated debt are not caused by the economy. They’re caused by runaway spending. Unable or unwilling to specify and enforce spending cuts on their own, some in … More

    The Five Flaws of the Reid Health Bill

    We’re still poring over Majority Leader Harry Reid’s (D-NV) just released health care overhaul, but the major outlines of the bill are no different than the policy train wreck the House passed earlier this month. The five major flaws of both the Pelosi and Reid Bills are: 1. A New … More

    Morning Bell: Doc Fix Digs Debt Deeper

    Yesterday at 3:00 p.m. ET, the Treasury Department updated its calculation of the U.S. National Debt to: $12,031,299,186,290.07. That $12 trillion record high comes just eight months after it hit $11 trillion and is only expected to rise faster considering the federal deficit for 2009 was over $1.4 trillion. And … More