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...Beginning with the Plant Quarantine Act of 1912, the U.S. has implemented a series of laws to strengthen its eco-defenses, many seeking to prevent dangerous wild things from reaching American soil (a more realistic goal than controlling them once they arrive). Worldwide, invasive species cause an estimated $1.5 trillion in damage every year, nearly 5% of global GDP. Lake Michigan could be next...
Perhaps this isn't surprising. With the economy shaken and unemployment sky-high, with the federal debt mounting by the trillion as Washington politicians pay lip service to fiscal responsibility (picture a sermon on humility delivered by Shaquille O'Neal), an outbreak of outrage was inevitable. The Tea Party movement is just one expression of a vast discontent unsettling the country. Recent polls have found that two-thirds of Americans describe themselves as dissatisfied or angry with their government - a huge, not-so-silent majority that ranges from conservatives convinced that Obama is a Maoist to liberals convinced that...
Healthcare spending in 2009 rose to $2.5 trillion, a global summit on climate change came and went, and, a year out of the greatest financial crisis since the Great Depression, we still aren’t regulating derivatives. Nothing got done...
President Obama's $3.8 trillion budget for 2011 drew fire from lawmakers who say the plan does not seek to make a deep-enough dent in the soaring U.S. deficit, expected to hit a record $1.56 trillion this year. Obama blamed the shortfall in part on the "decade of profligacy" under his predecessor, including two wars and tax cuts for the wealthy. Propping up the fragile economy, he added, remains a top White House priority--and it's not cheap. While the proposed budget includes a three-year freeze on discretionary spending and other deficit-reduction measures, it also calls...
...spite of his proposed three-year freeze on all domestic discretionary expenditures unrelated to defense, homeland security, or veterans’ affairs, President Obama’s $3.8 trillion budget for 2011 will actually increase spending for various education programs. We welcome the influx of money to a system in dire need of help, and take heart that Obama sees education as a priority even during trying financial times...