Mega-Omni: Another Get-Out-of-Town Budget Debacle

The House mega-omni—the massive nine-bill appropriations package now moving toward a vote in the House—represents another disappointing failure to cut spending and prove Congress can instill some measure of fiscal discipline. Equally troubling: The procedure for considering the legislation allows everyone to vote for something he likes, while taxpayers pick up the tab. The main […]

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Peace on Earth—even on Capitol Hill

Perhaps it was only because ‘tis the season, but there was some rare harmony on Capitol Hill at the House Subcommittee on Crime, Terrorism, and Homeland Security on Tuesday morning.  Edwin Meese, former attorney general and Chairman of the Center for Legal and Judicial Studies here at Heritage, gave testimony, which elicited many thanks from […]

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Canada First Country to Leave Kyoto Protocol – Believes Global Warming Talks Were a Fraud

Canada has become the first country to exit the Kyoto Protocol designed to lower greenhouse gas emissions. Canadian environment Minister Peter Kent explained that Kyoto, far from contributing to a reduction in greenhouse gas and tackling global warming, was actually functioning as an impediment, saying: “We believe that a new agreement with legally binding commitments […]

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Obama Hails ‘New Iraq,’ But Ignores Persecution of Christians and Other Religious Minorities

(CNSNews.com) – President Barack Obama, with Iraqi Prime Minister Nouri al-Maliki standing at his side, hailed a “new Iraq” on Monday, but he failed to acknowledge persecution of religious minorities in the country that the United States helped to liberate. “People throughout the region will see a new Iraq that’s determining its own destiny — […]

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Another Free-Money Report

Because the concept of opportunity cost is fundamental to all of economics, it is covered in the first chapter of every principles-of-economics textbook. Opportunity cost tells us what we give up when make decisions on consumption and production. There are no free lunches. In spite of the universal agreement on the importance of opportunity cost, […]

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