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...vicious circle works. While filibusters were occasionally broken, they also brought much of Clinton's agenda to a halt, and they made Washington look pathetic. In one case, GOP Senators successfully filibustered changes to a 122-year-old mining act, thus forcing the government to sell roughly $10 billion worth of gold rights to a Canadian company for less than $10,000. In another, Republicans filibustered legislation that would have applied employment laws to members of Congress - a reform they had loudly demanded...
Similarly, when I was Speaker, President Clinton and I had a series of very tough negotiations, but in the end we accomplished welfare reform, Medicare reform, the first tax cuts in 16 years and the first four consecutive balanced budgets (reducing the public debt by $450 billion) since the 1920s. The public fights were often intense, but the willingness to keep talking and working together led to a number of historic achievements that both Clinton and the congressional Republicans could claim credit for. (See pictures of Gingrich's career...
...want to understand why the U.S. hasn't built a nuclear reactor in three decades, the Vogtle power plant outside Atlanta is an excellent reminder of the insanity of nuclear economics. The plant's original cost estimate was less than $1 billion for four reactors. Its eventual price tag in 1989 was nearly $9 billion, for only two reactors. But now there's widespread chatter about a nuclear renaissance, so the Southern Co. is finally trying to build the other two reactors at Vogtle. The estimated cost: $14 billion. And you can be sure that number...
...That's why no Wall Street moneyman in his right mind would finance a new reactor. But President Obama has located an alternative financier: you. On Tuesday he announced an $8.33 billion loan guarantee for the new Vogtle reactors, the first step in the Administration's push to jump-start the nuclear construction industry. Obama also urged Congress to set aside political differences and triple the budget for nuclear loan guarantees. "On an issue that affects our economy, our security, and the future of our planet, we can't keep on being mired in the same old stale debates between...
...broke the Anthem Blue Cross story, Health and Human Services Secretary Kathleen Sebelius lambasted the company. First she publicly asked it to justify the increases, and when the company offered a five-page explanation, she responded by saying, "It remains difficult to understand how a company that made $2.7 billion in the last quarter of 2009 alone can justify massive increases that will leave consumers with nothing but bad options: pay more for coverage, cut back on benefits or join the ranks of the uninsured...