After 17 months and $2 billion, the NLRB sandbags Boeing.
We knew that Big Labor had political pull at the Obama-era National Labor Relations Board, but yesterday’s complaint against Boeing is one for the (dark) ages. By challenging Boeing’s right to build aircraft in South Carolina, labor’s bureaucratic allies in Washington are threatening the ability of states to compete for new jobs and investment—and risking the economic recovery to boot. Full Story
The National Labor Relations Board Wednesday said aircraft maker Boeing Co. violated federal labor law by building a second production line for its 787 Dreamliner at a non-union factory in South Carolina, siding with union workers in Washington State who charged the decision was retaliation for their past strikes. Full Story
S&P Signals Top Credit Rating Is in Danger, Stoking Political Battle on Deficit
A blunt warning Monday from a credit-rating firm about the U.S. government’s mounting debt pushed stock markets lower and intensified political divisions in Washington about how best to tackle growing deficits.
Both the Obama administration and House Republicans scrambled to gain leverage from Standard & Poor’s changing its outlook on U.S. Treasury securities to “negative” from “stable.”
Tax compliance employs more workers than Wal-Mart, UPS, McDonald’s, IBM and Citigroup combined
There is a lot more to taxes than simply paying the bill. Taxpayers must spend significantly more than $1 in order to provide $1 of income-tax revenue to the federal government. Full Story
NASA’s decision Tuesday on where to house its retired space shuttles touched off celebrations from some lawmakers and recriminations from others.
Texas’s delegation in particular was furious over NASA’s decision not to place one of the former shuttles in Houston, the home of mission control. Full Story
If Washington’s leaders need a reason to get serious about the long-term-deficit problem—now—here it is.
There is a cancer eating away at the budget from within, one that steadily drains American wealth, sends much of it overseas and only gets worse over time. It is the interest America pays on its national debt. Full Story
The federal government isn’t simply bleeding money. Because of its addiction to red ink, it’s bleeding power, which is starting to flow away from the nation’s capital and out to the states. This is the little-recognized reality behind the remarkable political upheaval being seen in state capitals. Full Story
Libya’s former ambassador to the U.S. on Monday warned Col. Moammar Gadhafi will plot terrorist attacks against the United States if he is allowed to remain in power. Full Story
Obama opposes spending cuts right up to the time he calls them historic.
This is getting to be a habit. President Obama ferociously resists tax cuts, trade agreements and spending cuts—right up to the moment he strikes a deal with Republicans and hails the tax cuts, trade agreements and spending cuts as his idea. What a difference an election makes. Full Story
The question is out there. Why is the U.S. taking action in Libya? One thing is for certain the Obama administration is (shock) not telling the truth. The pundits on your television screen all have theories and have speculated as to why Libya, why now. They are all wrong. The reason they are wrong is… Full Story