Archive for May, 2007

Unfunded Promises, Unsustainable Spending

Tuesday, May 29th, 2007 by Matt Hittle

A recent article in USA Today detailed how the federal government “hides” billions of dollars of its debt by refusing to apply modern accounting practices.
According to the article “Rules ‘hiding’ trillions in debt,” by Dennis Cauchon, the “official” debt accrued by the federal government in 2006 was $248 billion, a great improvement upon the actual [...]

House passes ethics bill

Friday, May 25th, 2007 by Brendan Steinhauser

The Washington Post reports that the House passed an ethics bill. Funny how John Murtha gets away with threatening to deny earmarks to a Congressman, yet the House takes it easy on him and passes this feel-good bill. (Although denying all earmarks would be a good thing.)
At least some of the provisions in the House [...]

Hillary Unleashes Health Care

Friday, May 25th, 2007 by Peter Deery

With Barack Obama set to unveil his health care plan for his presidential campaign tomorrow, Hillary Clinton has chosen to unveil hers today so as not to be outdone by her competitor. Overly cautious after her 1993 universal health disaster, Hillary’s plan is laid out in seven platforms:
a “prevention initiative” to reduce preventable diseases [...]

Gas Price Panderers

Friday, May 25th, 2007 by Peter Deery

It is becoming a yearly tradition. Summer vacations cause an increase in driving and the gas supply can’t keep up with the demand, leading to higher gas prices. Then Congress gives in to their constituents complaining about gas prices and legislates price controls by enacting ineffectual price gouging legislation. The current bill, which recently passed [...]

Tax Hikes on the Horizon

Thursday, May 24th, 2007 by Peter Deery

Opinion Journal’s Pete DuPont sees taxes as the single most important issue leading up to the 2008 presidential elections. While most Republican candidates seek an extension of President Bush’s 2003 tax cuts, the major Democratic candidates are pushing for tax hikes on income, an increase in the alternative minimum tax rate and a rate increase [...]

Sunshine on Committees

Thursday, May 24th, 2007 by Peter Deery

The Republican Study Committee is proposing legislation that would bring more transparency to committee votes so that constituents can see how their member votes in committee. Mark-ups in committee are notoroiously hard for the public to find and is often how pork and earmarks are slipped into bills. Republican Leader John Boehner, Republican Whip Roy [...]

Impact of Rising Gas Prices

Wednesday, May 23rd, 2007 by Peter Deery

With all the hype around the “driving season” and legislation on the House floor seeking to fix price gouging, I thought this article from USA Today was appropriate. It looks at the individual economic impact the rising prices have on consumers with most economists concluding that, while an inconvenience, the impact is fairly limited. Read [...]

Edwards Cashes in on Poverty

Wednesday, May 23rd, 2007 by Peter Deery

John Edwards, who speaks of there being “two Americas” has run his presidential campaign largely on the theme of eradicating poverty in this country and throughout the world. For children who want to go to college, Edwards promises to remove “every financial barrier.” Yet at a recent speaking event at UC Davis, Edwards speaking fee [...]

Presidential Candidates on Climate Change

Tuesday, May 22nd, 2007 by Peter Deery

A recent MSNBC article breaks down where most presidential candidates stand on legislation addressing climate change and carbon emission. It mentions that on the Republican side, Sen John McCain is the only candidate to endorse caps on carbon emission. This is in contrast to the Democratic candidates who seemingly have been competing to be [...]

CNET Podcast: Dick Armey takes on the politics of Net taxation

Tuesday, May 22nd, 2007 by Adam Brandon

FreedomWorks Chairman Dick Armey discusses the future of the internet tax moratorium with Charles Cooper and Declan McCullagh of CNET News.com.
You can listen to the podcast here.