With Spain’s lavish support for renewable energy projects drying out, companies that relied on these government handouts to make a buck are either leaving the country in search of new misguided benefactors or risking going bust. According to Bloomberg: Spanish renewable-energy companies that once got Europe’s biggest subsidies are deserting …
The plastic bag police scored a victory in Seattle this week. The liberal enclave imposed a ban on plastic bags and a 5-cent tax on paper bags, joining other major cities in the latest nanny-state crackdown sweeping the nation. Seattle’s ban applies to all grocery, retail and convenience stores. It …
As environmentalism has become more trendy, the value of appearing green is now more important than helping the environment, argues Todd Myers in a new book called “Eco-Fads.” He spoke at Heritage this week and joined us for Scribecast. Myers cited the Obama administration’s $535 million Solyndra scandal as a …
Sen. Tom Coburn (R-OK) has a powerful ally in the fight to eliminate wasteful duplication in government programs: House Majority Leader Eric Cantor (R-VA) announced the two lawmakers are teaming up for a bipartisan, House-Senate effort to eliminate overlapping and unaccountable government services that cost taxpayers more than $100 billion …
Recent hearings in both the House Energy and Commerce Subcommittee on Oversight and Investigation and the Senate Finance Committee took a closer look at fraud within Medicare and Medicaid. Spending on Medicare and Medicaid is on an unsustainable path due to rising health care costs and an aging population. Meanwhile, …
House Republicans could fulfill their Pledge to America promise of cutting $100 billion simply by eliminating duplicative government programs. That’s the startling news from a new Government Accountability Office report today that exposes widespread waste in the federal government. GAO’s 345-page report (PDF) was initiated more than a year ago …
Centrally planned job creation and scientific research pose many of the same problems: extraordinary expense, a pattern of politically shaped insider transactions, and less than promising results. This occurs for substantially the same reason: government attempts to pick winners and losers in developing fields ignore the discipline of the marketplace …
Last week, Sens. Tom Coburn (R-OK) and John McCain (R-AZ) released a report detailing 100 wasteful economic stimulus projects including $144,541 in stimulus funds to study the effect of cocaine use on monkeys. But that is just the tip of the iceberg. The creative team at Bankrupting America has highlighted …
