Last March, Virginia and Florida (joined by 12 other states) filed suit against Obamacare, challenging its constitutionality. Since that time, many other states have joined in, recognizing the threat posed by the legislation to both the Constitution and their own state budgets. As we reported on Friday, more than half of all states are now […]
This week The Heritage Foundation released the 2011 China Global Investment Tracker. Heritage Asian Studies Center Derek Scissors explained the product: China’s investment overseas is increasingly important to the United States and the international community. The China Global Investment Tracker created by The Heritage Foundation is the only publicly available, comprehensive dataset of large Chinese […]
Billions of dollars in potential oil revenue that could help close the federal deficit is being lost as a result of President Obama’s anti-drilling agenda. Production in the Gulf of Mexico — which normally accounts for about 30 percent of all U.S. production — is expected to drop this year by 220,000 barrels per day, […]
This Wednesday Maine Attorney General William Schneider announced that the Pine Tree State would become the 23rd state participating in Florida’s multi-state suit against Obamacare. With Oklahoma and Virginia each pursuing their own seperate suits, that brought the number of states fighting Obamacare’s budget busting Medicaid expansion to 25. It didn’t take long for that […]
Looks like Argentina’s President Cristina Fernández de Kirchner has to pull her jet up to the “cash only” pump! Yesterday, Argentine thieves riding motorcycles stole $91,000 in dollars and euros that President Kirchner planned to take with her on a trip to the Middle East. Aides say the money was for presidential plane expenses for […]
According to a new poll by the Pew Research Center for the People the Press, 47% of Americans incorrectly see China as the world’s leading economic power. Only 31% of Americans get it right and name the United States. This study reveals some interesting realities about Americans’ perceptions of China. Another important fact that Americans […]
The 2011 Index of Economic Freedom is out, and the news is not good. For the second year in a row, America became less economically free. The U.S. is now just the ninth-freest economy in the world. The decline in the U.S. ranking was driven by skyrocketing government spending, new regulatory uncertainty associated with Obamacare, […]
On March 16, 2006, when our national debt stood at $8.27 trillion, a young Senator from Illinois announced his intention to vote against raising our nation’s debt ceiling to $9 trillion, explaining: The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. Leadership means that “the […]
Once upon a time there were five European PIIGS (Portugal, Ireland, Italy, Greece and Spain) who were considered to be living in a financial structure made out of straw or wood. Along came the big bad credit markets that threatened to collapse that threatened financial structure by making debt refinancing too prohibitive. The more responsible […]
If it is allowed to be implemented, Obamacare will eventually do deep and irreparable harm to our nation’s budget deficit. But while Obamacare is more of a long-term threat to fiscal health at the federal level, it is a clear and present danger to the states. Of the 34 million Americans who gain health insurance […]
