By Dan BlumenthalBy , Derek M. Scissors
By Alex J. Pollock
What’s New on AEI
| The American
With the full impact of harsh caps on defense spending set to resume next year, Congress has an important opportunity to analyze the merits of the president’s proposed increase and exceed it as necessary to target additional funds towards addressing the military’s readiness crisis. Here’s how policymakers could spend additional funds — up to and beyond the president’s request of $534 billion.
French economist Frederic Bastist observed various forms of “legal plunder” in the mid-1800s. Today we call it “crony capitalism” and still see it everywhere in the form of farm subsidies, the Export-Import bank, the minimum wage law, tariffs and quotas on foreign sugar, green energy subsidies, ethanol mandates, the list goes on…..
| The Hill
Greece policymakers have been falling into the same mistakes. The prescriptions that have been offered under current eurozone membership have yielded little-to-no results for the Greek economy. It is time for Greece to fully consider the merits of euro exit.
King v. Burwell could be an enormous opportunity for those who want to replace Obamacare with a consumer-driven health reform that would offer flexibility rather than rigidity and encourage the development of a functional and sustainable market for affordable coverage and care. But it will only offer such an opportunity if conservatives are prepared to give the states a serious alternative arrangement.
While 20something marriage has gotten a reputation from parents, peers, and the popular culture for being a bad idea, the evidence suggests many benefits to marrying in your mid-to-late 20s if you find the right person.
The Student Success Act reflects a principled, limited federal role in education, and it deserves conservative support.
When Dodd-Frank was being debated in Congress, critics warned that the CFPB would have little accountability and would therefore be inclined to overreach. By trying to eliminate dealer discretion on auto loan discounts, the agency seems determined to prove that fear right.
| The American
If American political leaders turn the nation’s increased energy production into power, the United States will have good strategic options to deal with any new Chinese challenge. This strength is the safest, best way to persuade China to choose comity over rivalry.
Obamacare forces any slight change in health insurance premiums to become a noisy national political matter. This year the new drug for Hepatitis C is likely to put insurers and the medical industry at odds as premium increases gain political scrutiny.
| National Review
The EPA’s proposed carbon emission regulation passes the EPA’s own cost-benefit analysis only if you include benefits that accrue to the whole world rather than the citizens of the United States. This sets a dangerous precedent for American public policy.
Rather than waiting for one-size-fits-all accountability to be imposed by government officials, Purdue’s faculty has a chance to craft a system that reflects their university’s mission and goals. They have an opportunity to help lead the national policy debate — not just respond to it.
The Fed’s decision to end the QE purchases was easy. The harder decision – when to raise the funds rate – lies ahead. Could the data provide a compelling case by June in favor of tightening given the risk of making a policy mistake that would be difficult to reverse? It’s possible, but not likely.