By way of Alaska’s 60,000 mile coastline, the United States is one of the world’s eight Arctic nations. However, many in the U.S. fail to understand the significance of this relatively unexplored frontier. Outside the Cold War, the United States has invested very little to secure its position as a global leader in Arctic affairs. As … Continue reading
Tag Archives: Budget
Little Innovation with Sequestration
“It hangs over us like a dark cloud,” noted National Institutes of Health (NIH) director Francis Collins Tuesday, March 10 at a Senate Committee meeting on “Continuing America’s Leadership in Medical Innovation for Patients,” in reply to a question regarding the impact of sequestration on the NIH. The sequestration was a serious blow to the NIH, … Continue reading
A Federal Balanced Budget: Not a Cure-All, but Definitely Not a Bad Idea
To all the people who believe that a constitutional requirement forcing Congress to pass a balanced budget every year will make the federal debt (and yes, there is a difference between a debt and a deficit: deficit being how much money we have to borrow per year, debt being how much money we have borrowed … Continue reading
Retirement Age and the Social Security Dilemma
Ever since the members of the U.S Business Roundtable presented their plan to gradually raise the retirement age to seventy last year, the political and economic realm has been on fire with both support and recrimination. This fervor has only intensified after a recently released report by the Congressional Budget Office (CBO) which stated that, holding … Continue reading
Obama Stated 20 Times he would not Bypass Congress on Immigration
“President Obama has said over twenty times that he would not circumvent Congress and the will of the people to create his own immigration law,” reported Representative Ann Wagner (R-MO) Wednesday morning. Arguments that Obama’s unilateral actions will assist in reforming the U.S. immigration system are gravely flawed. Granting amnesty plays no part in reforming … Continue reading
The Affordable Care Act Aims High for Fiscal Irresponsibility
In budgetary terms, the Affordable Care Act (ACA) is anything but affordable. Though well-intentioned, it expands a poorly designed program and adds significant spending during a time of slow economic growth. This attempt to improve and expand health coverage to uninsured Americans is unduly expensive. In an already strained fiscal climate where the federal budget has reached … Continue reading
The Farm Bill: Convenient Coalition or Market Manipulation?
In early June, a coalition of urban and rural politicians in the Senate banded together to pass the Farm bill, a legislative piece that distributes welfare benefits to an unlikely pair: wealthy agro-businesses and the inner-city poor. Although widely popular among constituents, a common sense look at the bill reveals serious flaws. The Senate’s version … Continue reading
The Impact of the President’s New Budget on future STEM Education
On Wednesday, April 10th, President Obama released his $3.77 trillion budget, as the president begins the arduous process of getting it passed through the Republican controlled House of Representatives. In regards to education, the new budget contains very similar rhetoric used by the president during his 2013 State of the Union Address. For example, the … Continue reading
Paul Ryan versus…what, exactly?
It’s budget season! Last week, the House Budget Committee released its annual budget proposal for FY 2014, the third iteration of the Ryan budget. But this year, for the first time since 2009, the Senate Budget Committee released its own proposal too. The release of both budgets last week was exciting not just for budget … Continue reading
The Sequester: A perplexity inside and outside Washington
And so we enter another manufactured financial crisis here in Washington. The U.S. government is on the precipice of implementing massive spending cuts to federal programs. Totaling $1.2 trillion over the next decade, these cuts, known as (cue the headline buzzword) the “sequester,” will cut nearly every federal program’s budget by 8.2%. Both the left … Continue reading
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