Volume 19, Issue 3: January 17, 2017
- The National Debt Menace
- Obamacare Amnesia in the Oval Office
- ProhibitionThen and Now
- Obama: A Successful Legacy?
- Independent Updates
Congressional Republicans love to paint President Obama and his party as big spenders responsible for a national debt fast approaching $20 trillion. But Americas fiscal problem may worsen under the GOPs watch. Republican lawmakers recently passed a budget resolution that would increase the national debt to $29 trillion in ten years. Although its touted as a short-term measure necessary to uproot Obamacare, its an open question whether or not the Republicans will revisit the issue in the months ahead and make good on promises to enact a long-term plan that balances the nations books, according to Independent Institute Senior Fellow Ivan Eland.
Considering the budget resolution, Congressional Republicans may again go down the same path as Ronald Reagan and George W. Bush, cutting taxes but increasing government spending, thereby widening budget deficits and ballooning the national debt, Eland writes in USA Today.
The economic and financial problems caused by excessive debt loads are worrisome in themselves, but the ocean of red ink on the national ledger also weakens U.S. national security, Eland argues, citing worries voiced by former Joint Chiefs of Staff General Mike Mullen. Trumps criticism of the costly F-35 fighter jet program suggests the next president may be serious about wanting to cut wasteful federal spending, but to make more than a dent he must do much more than ground military aircraft; he must return U.S. foreign policy to a more defensive posture. Concludes Eland: Sticking to the nations founders notion of a non-militaristic republic would both save money and help renew U.S. economic power, making America great again for the foreseeable future and beyond.
National Debt Is Our Biggest Security Threat, by Ivan Eland (USA Today, 1/11/17)
They say few jobs will age someone as quickly as President of the United States. Theres much truth to this maxim, judging by Barack Obamas faulty memory about health reform. In a talk on January 6, the president announced he would support Republicans in their efforts to replace the Affordable Care Act, if they can put a plan together that is demonstrably better than what Obamacare is doing. He also claimed hed taken a similarly cooperative stance back in 2009 and 2010. According to Independent Institute Senior Fellow John C. Goodman, however, the presidents fuzzy memory is playing tricks on him.
After Obamas 2008 electoral victory, two advisorsEzekiel Emanuel and Jason Furmanurged him to adopt the reform plan offered by his rival for the Oval Office, Sen. John McCain, or something like it that featured a universal tax credit to make coverage more affordable. However, at the behest of his consigliere David Axelrod, Obama stuck to his campaign promise to adopt the Democrats plan, rather than achieve bipartisan health reform. Had the president actually worked with the Republican opposition, as Bill Clinton did during his last two years in office, Americans would have been spared Obamacares mandates, ambiguities, and dislocations, and instead would have enjoyed a healthcare policy of simplicity and fairness.
Goodman writes: Bottom line: Republicans did show Barack Obama a plan that people on the right and left agree was a better plan. They did that eight years ago. And he ignored them.
Barack Obamas Faulty Memory about Health Reform, by John C. Goodman (Forbes, 1/10/17)
The Sessions-Cassidy Health Plan, by John C. Goodman (8/25/16)
A Better Choice: Healthcare Solutions for America, by John C. Goodman
Priceless: Curing the Healthcare Crisis, by John C. Goodman
January 16 marks the anniversary of the birth of Prohibition. On this date in 1920, the Eighteenth Amendment was ratified and a 13-year war on alcohol began. Its epic failures, ranging from corruption to gang violence to blindness from black-market bathtub booze, are well known. Remarkably, America is still addicted to a similar follythe 40-year-old War on Drugs.
The problems associated with U.S. drug policy have not lessened under the Obama administration, writes Independent Institute Research Fellow Abigail R. Hall Blanco in The Hill. Its unclear whether drug policy will improve under the Trump administration, but many are pessimistic.
Citing the concerns of drug policy reformer Ethan Nadelmann, Hall Blanco notes two warning flags: Trumps nominations of John Kelley to run the Department of Homeland Security and Sen. Jeff Sessions as attorney general. After 13 years, the failure of the 18th Amendment was clear for all to see, Hall Blanco writes. The drug war is now more than 40 years old. When will the prohibitionists learn?
When Will Drug Prohibitionists Learn What Alcohol Prohibitionists Found Out?, by Abigail R. Hall Blanco (The Hill, 1/10/17)
Drug War Crimes: The Consequences of Prohibition, by Jeffrey A. Miron
Video: Drug War Crimes, featuring Jeffrey Miron, Joseph McNamara, and Ethan Nadelmann (Independent Policy Forum, 5/6/04)
When Barack Obama hands off the presidential baton this week, pundits across the land will debate the meaning of his legacy. His opponents will call him a failure, but a more damning criticism involves noting his achievements. Some have spoken about Obamacare and others his foreign policy. They would be remiss if they overlooked his recordas opposed to his rhetoricon matters of privacy, policy, and political intimidation.
Obama surpassed other presidents in deploying the IRS and Justice Department against his domestic enemies, writes Independent Institute Policy Fellow K. Lloyd Billingsley in the Daily Caller. He politicized the State Department and was very successful at getting the Intelligence Community to tell him what he wanted to hear.
Obama also succeededat least until Novembers electionsin defanging his political opponents, who often looked like Keystone Cops to his Impossible Mission Force. The old-line establishment media helped seal the deal, and Republicans, for all their talk of free enterprise, offered only token opposition, Billingsley continues. With help from the echo-chamber media and the birther red herring, the president succeeded fabulously in protecting himself from scrutiny, Billingsley continues. The rest, as they say, is history.
Is Barack Obama Our Most Successful President?, by K. Lloyd Billingsley (The Daily Caller, 1/9/17)
The Beacon: New Blog Posts
- Obama Economists Bad Obamacare Economics
- More Money, More Problems: Venezuelas Minimum Wage Wont Help Inflation
- Why Donald Trump Is Obamas Logical Successor (And How an App Might Help)
- Brown Green-Lights More Government Greed
- Bullet Train Waste Still Railroading Taxpayers
- The Next Grim Milestone for the National Debt Nears
- California Bureaucrats Learn Its Not Okay to Lie in Court
- Double Jeopardy Waste in Reactionary California