State of the Union Report: The State of Energy
“We need to out-innovate, out-educate, and out-build the rest of the world,” said President Barack Obama, in a moment that largely defined his 2010 State of the Union speech. It also aptly describes the focus of his energy policy. President Obama is correct to advocate pursuing an innovation policy to combat dependence on foreign oil [...]
President Obama and Congressional Republicans Compromise on Tax Cuts
This week, President Barack Obama and Congressional Republicans reached a compromise on extension of the Bush-era tax cuts. Under this compromise, the Bush-era tax cuts would be renewed in full for the next two years, and there will be a 13-month extension of unemployment benefits. Neither party is elated over the core provisions of the [...]
Spending Leads to More Spending
Past mistakes of the Obama administration continue to haunt the federal government, which approved the allocation of $600 million to help jobless homeowners avoid foreclosure in the five hardest-hit states across the country. Instead of searching for comprehensive and viable solutions to improving the unemployment rates in the country, temporary Band-Aids are being implemented by [...]
A Cool $19T by 2015
On Friday, June 4, the Treasury Department sent a report to Congress announcing that US debt is expected to catapult to a staggering $19 trillion by 2015. With the current US population estimated at 310 million, that amounts to $61,000 of debt for every man, woman and child. In related news, voter confidence in Congress [...]
