Reckless government spending and an uncontrollable federal debt have created an unavoidable monetary disaster ahead. The door to unlimited federal spending was opened by President Nixon in 1971 when he severed the last link between the dollar and gold by ending foreign central banks’ ability to exchange dollars for U.S. gold. Politicians realized that more spending produced more votes to keep them in office; and with no limit on federal spending, the mountain of debt just kept on growing.
Was there a resounding clamor for an EPA? Certainly not from Republicans. And not from Democrats – else Nixon could have (should have) gone to the bi-cameral-Democrat-majority Congress for legislation. (Actually, to expand the federal government’s purview to this massive degree would have – should have – required a Constitutional amendment.)
The fact the Senate Homeland Security and Government Affairs Committee is attacking the Environmental Protection Agency’s (EPA) management—er, mismanagement—of the federal renewable fuel standard (RFS) is indicative of the growing frustration over both the agency and the RFS itself.
The Ex-Im Bank has become a key talking point in the 2016 presidential campaign, but most people don’t even know what it is or why it exists. They surely don’t know that it is a New-Deal era government program that takes our tax dollars and gives them to big businesses—like Boeing, ExxonMobil, and General Electric—to make it easier to sell their products overseas.
There are currently four patent “reform” bills being considered by Congress. Patents are a way innovators protect their ideas – which is how we as a society protect our continued economic viability. If people who invent cool stuff can’t protect their cool stuff from thieves – they’ll stop inventing cool stuff.
One year ago, Gina McCarthy, Environmental Protection Agency (EPA) Administrator, announced the controversial centerpiece of the Obama Administration’s climate change legacy: the Clean Power Plan (CPP). The rule is slated for finalization this summer.
A new national policy analysis forecasts a fast-approaching “death spiral” for Obamacare, as catastrophic losses from the health insurance program mount even more quickly than experts expected. “Pundits like Paul Krugman saw the[…]
It is an empirical fact – a metaphysical certitude. Government overreaches. And the Barack Obama Administration has the longest, most overactive arms ever. With many, many, MANY power-grabbing hands.
A new economic “scoring” policy at the Congressional Budget Office (CBO), so-called “dynamic scoring,” may dramatically impact Obamacare, revealing further financial flaws in the already controversial healthcare entitlement program. Presently,[…]
The Congressional Budget Office (CBO) reported in early May that for the month of April 2015 the Federal government ran a budget surplus, taking in more in taxes than it laid out in expenditures. Don’t be fooled by one month, especially when it was a month when people filed and pay their taxes. Government deficits and growing debt are on the horizon for as far as the human eye can predict.
Arguably the single most successful endeavor undertaken by Congress in the past 20 years was its effort to enact significant reform of the U.S. welfare system. Even greater success is possible, with simple steps that states can take to help millions of impoverished people transition from government dependency to the freedom and self-sufficiency provided by a high-quality job.
How much more ObamaCare failure must mount in a titanic heap – before Congress decides to get more involved? A Congress given in 2014 a bi-cameral, bigger and deeper Republican majority – because of ObamaCare.
In today’s edition of The Heartland Daily Podcast, Managing Editor of Budget & Tax News Jesse Hathaway speaks with Veronique De Rugy. De Rugy is a Senior Fellow at the Mercatus Center. De Rugy is on the podcast to explain how Congress is attempting to increase spending and bypass sequestration spending caps in the coming 2016 budget.
In the coming weeks, expect the D.C. Court of Appeals or the Supreme Court to grant a partialstay, of only the FCC’s Title II reclassification of broadband and its new “Internet conduct standard” (not the FCC’s net neutrality prohibitions of blocking, throttling or paid prioritization), even though stay requests normally have a low probability of success, because petitioners must convince the court that they are likely to win on the merits and that the opposed action will cause irreparable harm.
The real purpose for his visit to Washington, D.C. and his address before Congress was to push for Congressional approval of the Trans-Pacific Partnership (TPP) between the U.S., Japan and 10 other nations (Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam). Meant to extend and widen trade and related commercial relationships between the participating countries, it is also been presented as a way for the U.S. to maintain his economic and political power in East Asia in the face of the rising influence of China in that part of the world.
Congressman Grijalva and Senators Markey, Boxer and Whitehouse sent letters to universities, think tanks and companies, demanding detailed information on skeptics’ funding and activities – in an attempt to destroy their funding, reputations and careers, while advancing “crony climate alarm science.”
Think of the FCC, unilaterally self-armed with the “strongest possible rules” of Title II 1934 monopoly telephone regulation, as a Washington backwater “kangaroo court,” where innocent communicators can be hauled before a mock court system where normal due process, rule of law, and justice may not apply.