Everyone’s heard that Moody’s has threatened to downgrade our bond rating unless the debt ceiling is raised. We get that—crisis pending, yada, yada, yada. But if you read the announcement closely, there are important new points they added to the mix. First, Moody’s really doesn’t believe–that the President really will let Geithner default on our […]
After working hard to compile a list of Obama’s rather questionable record of fiscal promises and actual executions, the gist of which is represented best by the violent clash between myth and realty in Christina Romer’s “The Job Impact of the American Recovery and Reinvestment Plan” whose epic failure is defined by one simple chart, […]
This past week, the Obama administration informed Congress that it had approved the sale of 125 M1A1 Abrams Tanks to the new unknown government of Egypt. The question of just who is running the government of Egypt was apparently insignificant to Obama and the decision-makers. This goes to the heart of the problem, as the […]
Rep. Darrell Issa (R-CA) says the House Oversight and Government Reform Committee is finally “beginning to break down the walls of silence and refusal” from the Obama administration about the Operation Fast and Furious scandal. As its chairman, Issa has doggedly pursued answers on the illegal gun trafficking operation run by the Bureau of Alcohol, Tobacco, Firearms and […]
Social Security is currently unsustainable. It began running deficits in 2010 and its trust fund will be exhausted by 2036, which is when seniors will see about a 25 percent cut in benefits. This is the scenario we face if Congress and the President fail to enact meaningful entitlement reform and continue reckless fiscal policies. […]
It’s Round 2 in President Obama’s effort to get the U.S. Senate to agree to ratification of a major international treaty. Late last year, the President successfully pressed the Senate to ratify the New START treaty with Russia, which dealt with nuclear weapons. Now, it’s ramping up pressure on another treaty, the United Nations Convention […]
Last March, Turkish President Abdullah Gül and Prime Minister Recep Tayyip Erdo?an accused Western leaders of intervening in Libya in order to take control of Libya’s vast oil and gold resources. Today, however, Turkey—NATO’s once ardent opposition to military engagement—is one of the United States’ most active partners in seeking regime change. Turkey’s roadmap is […]
Children served by private adoption and foster care organizations are finding themselves among the victims of collateral damage of state decisions to legally recognize same-sex couples. From county courts to the U.S. Congress, the debate over protecting the conscience rights of religious institutions is heating up. Before Illinois passed a civil union law this spring, […]
This morning Republicans will have their last chance to get answers about the Consumer Financial Protection Bureau before it opens on July 21. The brains behind the operation, Elizabeth Warren, is scheduled to testify before the House Oversight and Government Reform Committee at 9:30 a.m. ET. Today also marks the second day of the Roger […]
Heritage hosts a discussion this morning featuring Indian Brigadier General Amrit Pal Singh, James J. Carafano and Frank Cilluffo on how India is transforming its internal security architecture in a way that mirrors the U.S. response to 9/11. The event, Reforming India’s Homeland Security Architecture: Learning from U.S. Experience, starts at 10:00 a.m. ET. Watch the webcast. Meanwhile, […]
