OPINION MARCH 3, 2010 Time for a Spending Cap With Teeth By Jeb Hensarling And MIKE PENCE Fiscal storm clouds are upon us. In five years, federal spending has skyrocketed to 24.7% from 19.9% of our economy. That’s the highest level since World War II. Borrowing has ballooned the national debt to $11.9 trillion from […]
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Paul Ryan’s Moment The Wisconsin Congressman bests his critics. BY Matthew Continetti March 4, 2010 10:26 AM ShareThis This is Paul Ryan’s moment. If national security or social policy were at the center of debate, the Wisconsin congressman wouldn’t be nearly as prominent as he is today. But President Obama wants to reshape the American
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This video really puts Obama’s $100 million budget cuts in perspective http://www.wimp.com/budgetcuts/ Thanks to Marth Jenkins for sharing this video with us
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MARCH 1, 2010 Why Financial Reform Is Stalled BY PETER J. WALLISON According to the media’s narrative about Washington, the Obama administration’s financial regulation proposals have not gotten through Congress because the town is gridlocked by partisan warfare. It’s a simplistic story that does not require much thought to generate or accept. Here’s a better
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MARCH 1, 2010 $126.9 Billion and Counting It was another impressive three months at Fannie Mae, as Uncle Sam’s mortgage finance company reported a fourth quarter loss of $16.3 billion. That wasn’t quite as strong as the third quarter loss of $19.8 billion, but give Fannie’s managers credit for trying. “Through this prolonged stress in
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Originally published 06:18 p.m., February 26, 2010, updated 06:32 p.m., February 26, 2010 STEYN: Our own Greek tragedy Mark Steyn While President Obama was making his latest pitch for a brand new, even more unsustainable entitlement at the health care “summit,” thousands of Greeks took to the streets to riot. An enterprising cable network might
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The 2007 Solution Fred Barnes Tue Feb 16, 4:04 pm ET Washington (The Weekly Standard) Vol. 015, Issue 21 – 02/15/2010 – Republican senator George LeMieux of Florida has done the math. If government spending were reduced to its 2007 level, we’d have a balanced budget (with a $163 billion surplus). Returning to the 2008 level of spending, the
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Senator Coburn’s plan was simple- His amendment would have capped the federal debt and immediately reduced federal spending by at least $120 billion by consolidating more than 640 duplicative government programs, cutting wasteful Washington spending and returning billions of dollars of unspent money. Friday, February 12, 2010 The Washington Times MCCLUSKY: Wild waste flows in
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Killdeer, N.D. A massive oil reserve buried two miles underground has put North Dakota at the center of a revolution in the U.S. oil industry, a shift that has radically altered the fortunes of this remote area. Harold Hamm, chief of Continental Resources, one of the biggest producers at the Bakken Shale in western
