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  • Commentary posted August 20, 2014 by Jim DeMint Why Congress Should Dispense With the Export-Import Bank

    Myron Brilliant, head of International Affairs for the U.S. Chamber of Commerce, recently graced these pages with a stirring defense of how the taxpayer-funded Export-Import Bank is “indispensable.” He provided several anecdotes to demonstrate how the Ex-Im’s taxpayer-subsidized loans help “small businesses” that just couldn’t survive without the government financing…

  • Commentary posted August 20, 2014 by James Jay Carafano, Ph.D. There's a place for the National Guard even in a tight budget, and Congress needs to find it

    It was a “hard luck” division, gathering nothing but casualties and setbacks since it landed in Normandy. Its general led from behind — well behind — ensconced in a well-appointed bunker. That all changed when Raymond S. McLain took over the 90th Infantry Division. Leading from the front, he turned those troops into a crack fighting force that swept across…

  • Commentary posted August 20, 2014 by Hans A. von Spakovsky, Roger Clegg Republicans Are Sponsoring a Terrible Senate Resolution

    Why would federal lawmakers want to encourage racial and ethnic discrimination? Unfortunately, Republican senators Tim Scott (S.C.), Deb Fischer (Neb.), Rob Portman (Ohio), Rand Paul (Ky.), and Marco Rubio (Fla.), as well as Senate Democrat Mark Pryor (Ark.), recently introduced a resolution that would do just that. S. Res. 511 “encourages corporate, academic, and social…

  • Commentary posted August 20, 2014 by Michaela Dodge Space-based Missile Defense: Advancing Creativity, Protecting Lives

    ‘To boldly go where no man has gone before.” So ended “The Captain’s Oath” that opened most episodes of “Star Trek.”  For years, Americans happily suspended disbelief to watch the crew of the starship Enterprise as they roamed the universe on an epic journey of discovery. Yet for decades, people considered the deployment of space-based missile defense to be the stuff of…

  • Commentary posted August 20, 2014 by Edwin J. Feulner, Ph.D. A tale of two tax problems

    Thirty-three years ago this month, President Reagan picked up his executive signing pen and affixed his name to one of the most sweeping pieces of tax legislation in U.S. history: the Economic Recovery Tax Act of 1981. Rarely has any bill been more aptly named. The country had been pummeled for years at that point by the effects of “stagflation” and an economic malaise…

  • Commentary posted August 20, 2014 by Norbert J. Michel, Ph.D. Housing finance reform: It’s still about investment guarantees

    The 2010 Dodd-Frank Act was sold as a reform bill that would reduce risk in financial markets, yet it barely touched the single biggest source of that risk: the government-sponsored enterprises Fannie Mae and Freddie Mac. Several GSE reform proposals have since surfaced in Congress, but those that have garnered the most political support still would perpetuate the old…

  • Commentary posted August 20, 2014 by Hans A. von Spakovsky Holder Loses in the Carolinas—Again

    Attorney General Eric Holder suffered a huge loss on Friday in his war on election integrity. A federal judge refused to issue a preliminary injunction against North Carolina’s omnibus election reform law that includes voter ID, as well as measures such as the elimination of same-day registration. In three cases filed by the Justice Department, the NAACP, the League of…

  • Commentary posted August 20, 2014 by Hans A. von Spakovsky The Administration’s Latest Abuse: Impeding IGs and Hiding the Truth From the American People

    In an unprecedented letter, a majority of the federal government’s inspectors general (IGs) claim that the Obama administration is obstructing their investigations into government mismanagement and corruption. So much for President Obama’s claim that his would be the most transparent administration in history. And it truly IS unprecedented. Rep. Darrell Issa (R-Calif.),…

  • Commentary posted August 19, 2014 by Lisa Curtis Is Modi Ready to Lead?

    The new Bharatiya Janata Party (BJP) government in India bodes well for the country's future economic prospects as well as its role in global affairs. Prime Minister Narendra Modi is seeking to erase his reputation as a communal leader and to demonstrate he will rule the nation in a way that benefits all Indians, not just the Hindu majority. Whether he will live up to his…

  • Commentary posted August 19, 2014 by Peter Brookes Critical Time for Deterring Putin

    Russia could double down on Ukraine anytime now. Undeterred by the West’s questionable response to the tragic Malaysian airliner shoot-down — or the moral and material support to the Ukrainian rebels — or the carving off of Crimea, Russia seems ready to roll. News reports indicate Moscow has bumped up Russian forces near the Ukrainian border to some 20,000 troops for…

  • Commentary posted August 19, 2014 by Alden Abbott How to Reform Operation Choke Point

    “Operation Choke Point” (OCP) is an interdepartmental initiative by the U.S. Department of Justice (DOJ) and federal financial services regulators to discourage financial intermediaries from dealing with consumer fraud-plagued industries.  In an August 4 Heritage Foundation Legal Memorandum, I discuss the misapplication of this potentially beneficial project and recommend…

  • Commentary posted August 19, 2014 by James Sherk How do you leave a union you don't know you belong to?

    Americans are fascinated with secret societies. From articles about the Illuminati to news reports on the Bilderberg Group, people love to speculate on furtive conspiracies. Now imagine an organization so secretive, even its own members don't know they belong to it. It sounds absurd, but a half million Americans belong to this secret club. It's likely that every week…

  • Commentary posted August 14, 2014 by Stephen Moore Yes, Low-Tax States Are Out-Competing High Tax States

    First, an apology. In a July 2 article in this newspaper [Investors Business Daily] I erred in citing Bureau of Labor Statistics numbers comparing the superior job creation performance of no-income-tax Texas and Florida with the two states with the highest income-tax rates, California and New York. This set off a brouhaha in the media — although the errors in no way…

  • Commentary posted August 6, 2014 by Edwin J. Feulner, Ph.D. A National GPS Device

    You’ve no doubt seen those polls in which Americans are asked if they think our country is heading in the right direction. Perhaps you’ve even been asked that yourself. Whether the answer is yes or no, we all know it’s not scientific. It’s based on a general impression, and those impressions are shaped by what we read and see on the news, and on what we know is happening…

  • Commentary posted August 6, 2014 by Robert Rector Welfare State Grows as Self-Sufficiency Declines

    For the past 50 years, the government's annual poverty rate has hardly changed at all. According to the U.S. Census Bureau, 15 percent of Americans still live in poverty, roughly the same rate as the mid-1960s when the War on Poverty was just starting. After adjusting for inflation, federal and state welfare spending today is 16 times greater than it was when President…