Pax Americana Institute 7 Day Forecast

National Forecast

Conservative Principles in the Pledge to America

On September 23rd, House Republicans released the sequel to their much-lauded 1994 policy tome, the Contract with America.  A Pledge to America [full text is available here] outlines the Republican Party’s Congressional platform for 2010 and beyond.    Of the many ideas described within, three of the most important are economic freedom and job creation; fiscal [...]

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Rasmussen Poll Predicts Senate Victory: Ron Johnson 51%, Russ Feingold 44%

The Latest Rasmussen Reports poll shows Ron Johnson defeating Russ Feingold by seven points. After a decisive victory over his Republican challenger, Dave Westlake, in the Republican Party primary, Ron Johnson now appears poised to defeat his Democratic Party challenger Senator Russ Feingold in the general election, scheduled for November 2, 2010. The latest Rasmussen [...]

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SnapShot Series: Analysis of the Roadmap For America’s Future

Issue Highlights In January 2010, Representative Paul Ryan (R-WI), the Ranking Member of the House Budget Committee, released version 2.0 of his seminal plan for American economic revitalization, A Roadmap For America’s Future.  This detailed document outlines an ambitious, conservative solution for improving America’s economic situation and plainly rebuts the Left’s accusation that conservatives have [...]

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POLICY SNAP-SHOT: Actuaries’ Report Says Social Security Crisis Looming

Issue Highlights Section 1 The annual report by the Social Security Trustees/Actuaries predicted massive and permanent deficits if Congress fails to reform this dilapidated and outmoded entitlement program. In 1950, there were fifty workers for every one recipient of Social Security, whereas, today, there are three workers for every one beneficiary. By 2040, the Social [...]

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U.S. Senate Confirms Kagan Nomination to Supreme Court

A week ago, the U.S. Senate narrowly confirmed Elena Kagan to a seat on the Supreme Court, 63-37.  Kagan’s confirmation can be attributed to the support of five Republican moderates: Senators Susan Collins (Maine), Lindsey Graham (South Carolina), Judd Gregg (New Hampshire), Richard Lugar (Indiana), and Olympia Snowe (Maine).  Only one Democrat, Senator Ben Nelson [...]

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Congress Approves Overreaching Financial Legislation

On Thursday, July 15, 2010, Congress passed a distended financial reform bill, giving the Obama administration enhanced influence over the U.S. financial industry.  The 2,300-page financial reform legislation increases federal oversight of the financial industry, regulates the derivatives market and derivative trading, and establishes a federal oversight commission, headed by Treasury Secretary Timothy Geithner, responsible [...]

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Congress to Consider Extension of Bush Tax Cuts

The Senate Finance Committee met recently to begin discussing the extension of the Bush tax cuts.  President Obama and Democratic leaders have made it known that they intend to let the Bush tax cuts expire and instead implement a policy that increases taxes for those making over $250,000 per year.  Republicans and several Senate Democrats, [...]

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DoJ Lawsuit Violates 10th Amendment

Last week, Attorney General Eric Holder pronounced that the Department of Justice would file suit against Arizona over its recently-approved immigration legislation.  The Department of Justice contends that the Arizona immigration legislation promotes racial profiling and impedes the federal government’s ability to establish a national legislative agenda. Since the lawsuit was filed on July 6, [...]

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Conservatives Have Reservations About Kagan Nomination

After a week of questioning, conservatives and even some liberals, including Senators Arlen Specter (D-PA), and Joe Lieberman (I-CT), have reservations about Elena Kagan.  Among them are her penchant for international law, which she says should be referenced in Supreme Court decisions; her lack of judicial experience; her unwillingness to discuss pertinent legal issues; and [...]

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Congress to Decide on Financial Reform

The contentious financial regulation bill that is expected to be approved by Congress early next week increases the federal government’s control over privately-owned financial institutions, punishes big banks and hedge funds for “shady” business practices, and seriously reduces America’s economic hegemony.  The New York Times, in a fascinating article entitled “In Deal, New Authority Over [...]

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