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Nov 14, 2012

ObamaCare: How to Pay for Delay

John C. Goodman

Regardless of whether they are supporters or opponents of President Obama’s health care law. members of Congress will have to revisit the legislation soon to correct some serious flaws. Here is a revenue-neutral approach to begin the necessary corrections: Delay the scheduled cuts in Medicare spending by five years and pay for ...

Nov 14, 2012

Al Gore TV Meets Its Match Today

James M. Taylor, J.D.

Call it the televised debate Al Gore has been avoiding for years. Tonight, as Gore hosts another 24-hour televised snooze-fest, meteorologist Anthony Watts launches WUWT-TV (Watt’s Up With That TV). At the same time Gore drones on and on with character assassinations, straw man arguments and out-of-context weather anecdotes, more ...

Nov 14, 2012

Legal House of Horrors

Maureen Martin

A girl who became frightened and fell down during a tour through a southern Illinois haunted house on Halloween in 2011 is suing those who sponsored the site. The girl is suing the city of Alton and the local American Legion post for damages of at least $50,000. She claims the haunted house was dangerous. “American ...

Nov 14, 2012

Escaping Consequences

Maureen Martin

The captain of an Italian cruise ship that hit a rock and sank in January, killing 32 passengers, was fired from his job. So now, of course, he’s suing for wrongful termination. An investigation disclosed the Costa Concordia, with 4,000 passengers aboard, was brought too close to shore and capsized. The captain bailed ...

Nov 14, 2012

Fiscal Cliff: What Congress Should Do

Patrick Louis Knudsen Heritage Foundation

Having squandered most of 2012 with posturing and delay, Congress and the President are now careening toward a budgetary precipice of their own making. The so-called fiscal cliff will be reached just after New Year’s Eve—bringing a nearly $500 billion tax hike in 2013 and a devastating 10 percent reduction in national defense ...

Nov 14, 2012

The Cost of the Production Tax Credit and Renewable Energy Subsidies in Texas

Bill Peacock, Josiah Neeley Texas Public Policy Foundation

At a bare minimum, renewable energy subsidies in Texas run on average about $1.3 billion a year, with the Production Tax Credit (PTC) taking up almost half of that cost. Because of the PTC’s per megawatt hour subsidy, it causes substantially more distortion to the market than other renewable subsidies. A credible case could ...

Nov 14, 2012

Public Pension Crisis Threatens Education Budgets

Mary Petrides Tillotson

Unfunded government employee pensions are gobbling many states’ education budgets, leaving governments scrambling to find money to cover those in addition to school operating costs. “Money doesn’t grow on trees, and it’s hard to raise taxes,” said Andrew Biggs, a pensions scholar at the American Enterprise Institute. “There’s less ...

Nov 14, 2012

Nina Rubin: Georgians Pass Charter School Amendment

Joy Pullmann

In November 2012, 58 percent of Georgia voters approved a state constitutional amendment to allow independent charter schools. Nina Rubin, communications director for the Georgia Charter Schools Association and director of the Georgia Parent Advocacy Network, joins the podcast to explain what, exactly, voters approved and what ...

Nov 14, 2012

A Growing Movement: America’s Largest Charter School Communities

National Alliance for Public Charter Schools

Today, a record number of school districts—seven–-have at least 30 percent of their public school students enrolled in public charter schools. Charter schools in New Orleans enroll an astounding 76 percent of public school students. A total of 25 school districts have 20 percent or more of their public school students enrolled ...

Nov 14, 2012

Why Savings are Suffering: Fed QE3 Policy Costs Seniors

Diana Furchtgott-Roth Manhattan Institute

With fiscal stimulus off the table in a divided Congress, the uncertainty of tax hikes next year, and burdensome regulations discouraging investment, the economy faces substantial uncertainty. Many, including presidents of the regional Federal Reserve banks are worried that more liquidity will accelerate future inflation. It’s clear ...

Nov 14, 2012

Changes Aim to Shore Up FHA, But Bailout Still A Possibility

Holly Mangan

Homeowners aren't the only ones feeling the pain from the troubled housing market. The Federal Housing Administration has seen a loss of 45 percent in its reserves over the course of a single year, exposed in a recent audit by Integrated Financial Engineering, Inc. of Rockville, Maryland. Down from $4.7 billion in 2010, FHA ...

Nov 13, 2012

Increasing Entrepreneurship Is a Key to Lowering Poverty Rates

Stephen Slivinski Goldwater Institute

There is a strong connection between a state’s rate of entrepreneurship and declines in poverty. Statistical analysis of all 50 states indicates that states with a larger share of entrepreneurs had bigger declines in poverty. In fact, comparing states during the last economic boom—from 2001 to 2007—data show that for every 1 ...

Nov 13, 2012

Competitive Bidding Saves Money for Municipal Water Systems

Jeff Edgens

Water infrastructure across the country is deteriorating and will cost municipalities $1 trillion over the next 25 years, according to the American Water Works Association. However, a recent study prepared by Bonner Cohen of the Competitive Enterprise Institute suggests ways to bring down those costs. “Fixing America’s Crumbling ...

Nov 13, 2012

Chris Edwards: Growing Divergence Regarding Pro-Growth Policies

Steve Stanek

The Cato Institute's "Fiscal Policy Report Card on America's Governors" is out. All the governors who received "A" grades this year are Republicans, and all those who received "F" grades are Democrats. Cato's Chris Edwards discusses the report card and what appears to be a growing divide between Republican and Democrat ...

Nov 13, 2012

Reducing Debt and Other Measures for Improving U.S. Competitiveness

Jason J. Fichtner and Jakina R. Debnam Mercatus Center

The United States is at a tipping point: the gross national debt is over $16 trillion, equal to or exceeding the gross national product; unemployment is high; and job creation is low. Our nation’s high levels of debt are crowding out private investment, raising costs to private business, and stifling economic growth. To help ...

Nov 13, 2012

Research & Commentary: Taxing Cloud Computing

Heartland Research & Commentary - Matthew Glans Heartland Institute

Cloud computing has fundamentally changed how consumers purchase and use software and computing services, by moving many of the functions online. The shift of resources such as email, database, and security services to a cloud infrastructure takes the burden of IT infrastructure off the consumer, saving both time and money. However ...

Nov 13, 2012

The Alarming Trend of Cybersecurity Breaches and Failures in the U.S. Government Continues

Paul Rosenzweig Heritage Foundation

This summer, the Cybersecurity Act of 2012 (CSA) failed to pass the Senate, with Democrats and Republicans alike voting against the bill. The overriding concern was that the regulatory approach of the bill would be ineffective at best and harmful at worst. Following the failure of the CSA, the Obama Administration began drafting ...

Nov 13, 2012

By Wide Margins, Voters Dump Three Idaho Education Laws

Vicki Alger

Idaho voters overturned three education reform laws in November’s elections, sending Republican lawmakers back to the drawing board over online learning, teacher evaluations, and merit pay. Gov. Butch Otter and state Superintendent Tom Luna made the laws, which they called Students Come First, a policy centerpiece for the past ...

Nov 13, 2012

Obama’s Law Is Poised to Hurt Those It Was Supposed to Help

Grace-Marie Turner

Americans will soon find President Obama’s health care law hurts those who need health security the most: the poor, sick, and elderly. Although Health and Human Services Secretary Kathleen Sebelius recently claimed that “no matter who you are, what stage of life you're in, this law is a good thing,” the truth is ObamaCare ...

Nov 13, 2012

Carbon "Tax Swap" Deals: A Review and Critique

Robert P. Murphy, Ph.D.

More Political Cronyism for Favored ‘Clean Energy’ Sectors, Reduced U.S. Competitiveness in Global Energy Markets May Result from Inefficient Tax Scheme WASHINGTON D.C. – The Institute for Energy Research released today a new study exposing the fallacies of so-called revenue-neutral carbon tax swaps, an idea that has gained some ...

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