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Late yesterday Sen. Rockefeller announced that he will vote in favor of the Murkowski Resolution. Until then, we were uncertain in which way he would vote. However in a prepared statement Rockefeller said:I have long maintained that the Congress – not the unelected EPA – must decide major economic and energy policy. EPA regulation will have an enormous impact on the economic security of West Virginia and our energy future.
Washington's elite: Wasting billions and borrowing trillions
Yesterday, Garfield Reynolds and Wes Goodman of Bloomberg.com reported that by the year 2012 America will owe more money to foreign nations than it produces in annual economic output. As their "Chart of the Day" illustrates, within the next 2 years America's national debt will surpass its gross domestic product (GDP):
After months of hard work, the Murkowski Resolution of Disapproval, will be up for a vote on June 10th. This is an important resolution that could stop a massive EPA power grab. FreedomWorks friend and ally Tom Borelli has a great update on this battle over at Townhall.com.
May jobs report leaves Americans asking: "Where are the private sector jobs?"
The "tea party" movement quickly came to a boil and before you knew it the incredible started happening.A Republican took Ted Kennedy's Senate seat. The GOP governor of Florida was forced to run as an independent for the Senate. An establishment conservative Republican senator in Utah was run out of the reelection campaign. A libertarian with curious ideas won the Kentucky GOP Senate primary against the party leadership's favored candidate.
Earlier today, Automatic Data Processing (ADP) released a report indicating that the economy gained a total of 55,000 private sector jobs in May. That number fell short of expectations. Most economists predicted an increase of 60,000 new private sector jobs for the month.May marks the fourth consecutive month that employment has risen, but the upturn has been modest. The economy has been addin
In a new paper, 2015: Downgrade Day—Averting Europe’s Fate, Joint Economic Committee (JEC) Republicans explain why America faces a possible Greece-style debt crisis within five years and the steps that can be taken to avoid it. The
Here's a funny story from Spain. So an economist walks into a bar.... and says that if the government tried to make a green economy that would fail. And everyone thought that was silly. And it turned out the economist was totally right.
See? It's funny because it's true. And it's kind of what we've all been saying all along.
Investors Business Daily brings us this tale of imaginary jobs, wasted money, and bad economies:
New Jersey Governor Chris Christie sets an example for the rest of the nation
On Tuesday, it was revealed that an unexpected drop in tax revenues for New Jersey would leave the state short $402 million this year and $365 million next year. This near $800 million budget hole has raised serious concerns among those living in the Garden State. But, rather than give in to the temptations of political laziness by placing burdensome new taxes on the state's highest earners, Governor Chris Christie (R-NJ) was able to fill the hole without raising taxes. http://wcbstv.com/politics/chris.christie.new.2.17
In an unusually interesting article considering the source, USA Today reported yesterday that "Private pay shrinks to historic lows as gov't payouts rise". Quoting from the article: • Private wages. A record-low 41.9% of the nation's personal income came from private wages and salaries in the first quarter, down from 44.6% when the recession began in December 2007.