Competitive Enterprise Institute senior fellow John Berlau joins The Heartland Institute’s Budget & Tax News managing editor Jesse Hathaway to talk about the U.S. Treasury Department’s recent announcement that the “auto bailout” portion of the Troubled Asset Relief Program (TARP) had officially ended with the final repayment of taxpayer-funded loans to Ally Financial, formerly known as GMAC.
This is part 3 of the 8 part series establishing that the laser-focus of the Compact for America approach to organizing an Article V convention with the specific job advancing and ratifying a pre-drafted, specific federal Balanced Budget Amendment is clearly, unequivocally, and overwhelmingly what the Founders expected from the state-originated amendment process.
No folks, it’s not Bernie Sanders’ Vermont nor Jerry Brown’s California Democratic Republic that’s about to get flushed down the economic toilet. We are talking about Nicolas Maduro’s Venezuela that he inherited from his predecessor Hugo Chavez.
The obvious successes of past technologies have made politicians and environmentalists eager to be in the forefront of promoting futuristic schemes for their goals. Everyone wants to be on the side of the next Great Idea. All too often these futuristic fantasies are sold to a gullible public, as well as fellow politicians and the news media, with impressive but scientifically-flawed arguments that bump up against harsh physical realities that are immutable.
Touted as “America’s first offshore wind project,” Cape Wind became one of America’s most high-profile and most controversial wind-energy projects. Fourteen years in the making, estimated at $2.6 billion for 130 turbines, covering 25 square miles in Nantucket Sound off the coast of Massachusetts, the Cape Wind project has yet to install one turbine—let alone produce any electricity.
Darcie Johnston of Vermonters for Health Care Freedom discusses Governor Peter Shumlin’s recent announcement he would abandon plans to implement single-payer health care in Vermont. Shumlin has based his last three campaigns in large part on his single-payer advocacy, and he managed to get Vermont closer than probably any state has ever come to embracing fully government-run health care.
This is the political Santa who delivers subsidies of various sorts to farmers or “alternative energy” manufacturers. The Santa who redistributes vast sums of money for educational expenditures, or public housing, welfare and food stamps, or government defense contracts, and even “bridges to nowhere.”
For decades, the quality of life of the incoming generation of Americans has built on and improved on that of the previous generation. According to new data released by the United States Census Bureau, however, that is not the case for the current incoming generation, the Millennials. They have government to blame for their rotten economic conditions.
The U.S. was the world’s number one economy prior to World War II, but it took off bigtime after the war and there has not been a day of my long life in which we were not number one—until now.
Yet another ongoing government authoritarian problem is the rampant abuse of civil forfeiture. Which is where federal, state and local Leviathans seize personal property of all sorts. Often when someone is merely suspected of – not charged with – a crime. Often when the tie between the property and any criminal activity is at best tangential.
One of the lesser known attempts to prove that renewable energy, wind and solar power, can replace traditional energy sources–coal, oil, and natural gas–went belly up in much the same way current wind and solar companies depend on tapping the taxpayer for government subsidies in order to stay in business. Google’s Renewable Energy Cheaper than Coal initiative begun in 2007 and shut down four years later.
Co-Director of Heartland’s Center on the Digital Economy, Jim Lakely discusses Net Neutrality with guest host Mike Siegel on the Howie Carr Show. Siegel and Lakely talk about the latest Net Neutrality news and what it would mean for the Internet.
Last year, the U.S. Senate passed the Marketplace Fairness Act (MFA), a plan to allow local and state governments to collect sales taxes on retailers outside their jurisdiction, with 15 Republican senators joining 54 Democrats to support shaking down online retailers for more tax revenue.
“No. I — I did not. Uhhh, I just heard about this… I — I get well briefed before I come out here. Uh, th-th-the fact that some advisor who never worked on our staff, uhh, expressed an opinion that, uhh, I completely disagree with wuh, uhh, in terms of the voters, is no reflection on the actual process that was run.” — President Obama replying to a question about Jonathan Gruber at the conclusion of the G-20 Conference in Brisbane, Australia.
Americans’ rights and prosperity are being threatened by cronyism, Ayn Rand Institute’s Steven Simpson said last week during a symposium hosted by Heartland Institute in Chicago. “The issue is that government has too much power and has strayed far beyond its proper purpose of protecting rights,” Simpson declared.
Unless you only get your news via the Jurassic Press – or you are a government school victim who as a result doesn’t pay attention to anything at all – you are now intimately familiar with the on-camera stylings of Jonathan Gruber.
This November marks the 25th anniversary of the fall of the Berlin Wall. On November 9, 1989, as the shaky East German communist government resigned, the Berlin Wall came tumbling down. Large crowds formed on both sides of the Wall. East and West Berliners climbed on top, and then people began using sledgehammers and pickaxes to cut holes in it. People started to move back and forth through the Wall, capturing the spirit of a freedom to move without political barriers standing in the way.
Pundits largely agree that those who cast ballots last week had more or less one idea in mind – Washington is broken and must be fixed. So imagine the surprise that online customers will receive when Senators Reid and Durbin lead the just voted out Senate to massively expand government power in their last few days at the helm of Congress.
Ignoring the language of the law, the Obama administration decided to give tax credits through the federally established exchange. This triggered several lawsuits, with two courts ruling to uphold the law as written, thereby preventing tax credits from being applied to individuals who signed up through the federal exchange, while a third court sided with the administration’s argument Congress simply forgot to write into the law that tax credits could be given through federal exchanges.