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Abstract: The Obama Administration’s $862 billion stimulus bill was an expensive failure that increased the federal deficit, contributed to America’s deteriorating fiscal health, and failed to reduce unemployment. Instead of repeating this mistake, Congress should alleviate business fears and economic uncertainty by maintaining the current tax policy (extending the 2001 and 2003 tax rates) and freezing costly new regulations.

The National Governors Association (NGA) recently asked Congress for a federal bailout of $500 billion in unrestricted money.

The Status of the U.S. Military With clear threats in many corners of the globe challenging U.S. security and interests, one would assume the nation is investing more into its military. Yet for years the opposite has been the case. Whether through the “peace dividend” of the 1990s, the efficiency initiatives under Defense Secretary Robert Gates, or the Budget Control Act of 2011 and its subsequent sequestration-level cuts, the military has been continuously handicapped in its ability to meet global responsibilities.

Obamacare—the massive health care law passed in March—constitutes the largest expansion of government since the Great Society. Americans have voiced their strong opposition, but the Obama Administration is determined to force-feed the new medicine. The Administration’s vision of health care is based on the premise that the federal government can—and must—control the details of health care financing and delivery across the country. The Patient Protection and Affordable Care Act (PPACA) is the scaffolding for this control. The new law gives the Administration extensive authority to ach...

The Davis–Bacon Act (DBA) requires federal construction contractors to pay “prevailing” wages. However, the Department of Labor (DOL) estimates these prevailing rates unscientifically. DBA surveys use tiny, statistically unrepresentative samples of the construction workforce. As a result, DBA rates differ markedly from true market wages. Calculating DBA rates with Bureau of Labor Statistics (BLS) data would solve these problems. Two BLS surveys currently provide the information necessary to calculate Davis–Bacon rates: