Congress

THE SPENDING SURGE IN CONGRESS

DECEMBER 31, 2011 The Spenders Won 2011 Republicans fell for Obama’s backroom budget trap. EXCERPT FROM THIS ARTICLE:  scores of programs that have long been GOP targets survived: Amtrak, the Legal Services Corp., National Public Radio, the United Nations population program, mass transit grants, and even funding for the U.N. Climate Panel. Spending increased for […]

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OUR NATIONAL DEFENSE: LESSONS NEVER LEARNED

Today’s defense cuts are recreating conditions that led to Pearl Harbor By Adm. James A. Lyons Retired Adm. James A. Lyons was commander in chief of the U.S. Pacific Fleet and senior U.S. military representative to the United Nations The Washington Times Tuesday, December 6, 2011 associated press The battleship USS Arizona belches smoke as

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THE FANNIE AND FREDDIE HATE STORM

DECEMBER 28, 2011, 7:28 A.M. ET The Fannie and Freddie Hate Storm A dubious prosecution but it helps set the record straight. By HOLMAN W. JENKINS, JR. EXCERPT FROM THIS ARTICLE:  So where ultimately do Fannie and Freddie rank amid the confluence of ridiculous subsidies, private-sector opportunism and ungovernable global capital flows that contributed to

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GINGRICH OF FREDDIE MAC

DECEMBER 19, 2011 The Speaker’s defense is hurting him as much as his $1.6 million payday. Newt Gingrich’s opponents aren’t letting up in their criticism of his lucrative ties to the failed mortgage giant Freddie Mac after he resigned as House Speaker in the late 1990s. More damaging to his Presidential candidacy is that Mr.

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THE TOXIC TWINS – WHAT FANNIE AND FREDDIE KNEW

DECEMBER 23, 2011 What Fannie and Freddie Knew The SEC shows how the toxic twins turbocharged the housing bubble. Democrats have spent years arguing that private lenders created the housing boom and bust, and that Fannie Mae and Freddie Mac merely came along for the ride. This was always a politically convenient fiction, and now

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THE FINANCIAL CRISIS ON TRIAL – FANNIE AND FREDDIE

DECEMBER 21, 2011 The Financial Crisis on Trial The SEC fingers the government-backed mortgage buyers, not Wall Street greed. By PETER J. WALLISON The Securities and Exchange Commission’s lawsuits against six top executives of Fannie Mae and Freddie Mac, announced last week, are a seminal event. For the first time in a government report, the

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JEB BUSH – CAPITALISM AND THE RIGHT TO RISE

DECEMBER 19, 2011 In freedom lies the risk of failure. But in statism lies the certainty of stagnation. By JEB BUSH Congressman Paul Ryan recently coined a smart phrase to describe the core concept of economic freedom: “The right to rise.” Think about it. We talk about the right to free speech, the right to

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THE CELLULOSIC ETHANOL DEBACLE

DECEMBER 14, 2011 Congress mandated purchase of 250 million gallons in 2011. Actual production: 6.6 million. ‘We’ll fund additional research in cutting-edge methods of producing ethanol, not just from corn but from wood chips and stalks or switch grass. Our goal is to make this new kind of ethanol practical and competitive within six years.”

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