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Written by William P. Hoar
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Monday, 16 March 2009 18:00 |
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 ITEM: U.S. News & World Report for February 20, 2009 interviewed Rep. Henry Waxman (D-Calif.), the new chairman of the House Energy and Commerce Committee. Waxman said that "broader legislation" is needed beyond the passage of the so-called economic stimulus bill. "What we need to move to is legislation to deal with global warming.... It's the key to our revitalized economy and our long-term prosperity as a nation."
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Written by William P. Hoar
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Monday, 02 March 2009 18:00 |
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 ITEM: The New York Times reported on January 28, 2009:
The stimulus bill ... is not just a package of spending increases and tax cuts intended to jolt the nation out of recession. For Democrats, it is also a tool for rewriting the social contract with the poor, the uninsured and the unemployed, in ways they have long yearned to do. With little notice and no public hearings, House Democrats would create a temporary new entitlement allowing workers getting unemployment checks to qualify for Medicaid.... |
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Written by William P. Hoar
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Monday, 16 February 2009 02:00 |
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 ITEM: The Buffalo News for January 25 called for entitlement reform, noting that, for example, the trustees for Social Security "have long foreseen the problems. In 2011 — just two years from now — Social Security will begin taking in less money than it pays out. Without action, the program's reserves will be depleted by 2041.... Theoretically, Washington should have attended to this problem already, but it is almost certainly better that it didn't."
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Written by William P. Hoar
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Thursday, 05 February 2009 18:59 |
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 ITEM: Writing for Newsweek's online edition on January 13, Daniel Gross complains: "Even before President-elect Obama takes office, critics are circling his yet-to-be-released stimulus plan." The most "emphatic objections come from conservatives, who question the utility of deploying old-fashioned fiscal stimulus ... [to] boost demand and right the economy."
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Written by William P. Hoar
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Monday, 19 January 2009 21:32 |
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 ITEM: Reuters reported on December 30: "The Bush administration on Monday expanded its bailout of the U.S. auto industry, saying it was buying $5 billion in equity in auto and mortgage finance company GMAC and increasing a loan to General Motors by $1 billion. The action was the latest in a lengthy series of emergency government moves aimed at easing the worst credit crisis since the 1930s and limiting the severity of a year-long recession."
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