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ObamaCare: How to Pay for Delay
John C. GoodmanRegardless 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 ...
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 ...
Legal House of Horrors
Maureen MartinA 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 ...
Escaping Consequences
Maureen MartinThe 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 ...
Fiscal Cliff: What Congress Should Do
Patrick Louis Knudsen Heritage FoundationHaving 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 ...
The Cost of the Production Tax Credit and Renewable Energy Subsidies in Texas
Bill Peacock, Josiah Neeley Texas Public Policy FoundationAt 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 ...
Public Pension Crisis Threatens Education Budgets
Mary Petrides TillotsonUnfunded 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 ...
Nina Rubin: Georgians Pass Charter School Amendment
Joy PullmannIn 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 ...
A Growing Movement: America’s Largest Charter School Communities
National Alliance for Public Charter SchoolsToday, 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 ...
Why Savings are Suffering: Fed QE3 Policy Costs Seniors
Diana Furchtgott-Roth Manhattan InstituteWith 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 ...
Changes Aim to Shore Up FHA, But Bailout Still A Possibility
Holly ManganHomeowners 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 ...
Increasing Entrepreneurship Is a Key to Lowering Poverty Rates
Stephen Slivinski Goldwater InstituteThere 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 ...
Competitive Bidding Saves Money for Municipal Water Systems
Jeff EdgensWater 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 ...
Chris Edwards: Growing Divergence Regarding Pro-Growth Policies
Steve StanekThe 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 ...
Reducing Debt and Other Measures for Improving U.S. Competitiveness
Jason J. Fichtner and Jakina R. Debnam Mercatus CenterThe 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 ...
Research & Commentary: Taxing Cloud Computing
Heartland Research & Commentary - Matthew Glans Heartland InstituteCloud 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 ...
The Alarming Trend of Cybersecurity Breaches and Failures in the U.S. Government Continues
Paul Rosenzweig Heritage FoundationThis 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 ...
By Wide Margins, Voters Dump Three Idaho Education Laws
Vicki AlgerIdaho 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 ...
Obama’s Law Is Poised to Hurt Those It Was Supposed to Help
Grace-Marie TurnerAmericans 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 ...
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 ...