By Michael F. Cannon
Investment giant J.P. Morgan made a bad trade that cost its owners $2 billion. The responsible parties are losing their jobs. Yahoo’s CEO evidently misled people about his qualifications. As a result, he lost his job. If you want to know why these are market successes, consider: Medicare and Medicaid lose at least 35 times [...]
J.P. Morgan and Yahoo: Market Successes is a post from Cato @ Liberty – Cato Institute Blog
A few weeks ago, around Tax Day, Heritage started warning of Taxmageddon—a one-year, $494 billion tax hike that slams the economy on January 1, 2013, unless Congress and President Obama act to stop it. At that time, Taxmageddon was merely a blip on Washington’s radar, because the conventional wisdom was that Congress and the President would deal with it in the lame duck period after the November election. We argued then that this was a bad idea. The uncertainty plaguing the economy today because of Taxmageddon lingering in the near … More
By Michael F. Cannon
(This blog post first appeared at Cato@Liberty following the release of the 2006 Medicare and Social Security trustees’ reports. I repost it, with updated links and “exhaustion dates” because sadly nothing else has changed.) Sometimes, Governments Lie Year after year, federal officials speak of the Social Security and Medicare trust funds as if they were [...]
Sometimes, Governments Lie (6th Anniversary Ed.) is a post from Cato @ Liberty – Cato Institute Blog
Earlier this week we learned that former Obama Administration official Elizabeth Warren is calling for a repeal of one of Obamacare’s many taxes, and today The Hill is reporting that several Democrats in Congress are starting to regret President Obama’s signature health care law. First there’s Representative Brad Miller (D-NC), who is retiring at the end of this session of Congress: “I think we would all have been better off — President Obama politically, Democrats in Congress politically, and the nation would have been better off — if we had … More
Although the Supreme Court Justices are tight-lipped, most everyone else has condemned President Obama for the attack he launched at the judiciary on Monday. Even the Washington Post editorialized that “the comments strayed perilously close to a preemptive strike on the court’s legitimacy.” On Monday, Obama – who often is described as a former professor of constitutional law – made comments that demonstrated little knowledge of the concept of judicial review, while demonstrating great contempt for proper separation of powers. Obama stated that to find his administration-defining health insurance legislation … More
By Michael F. Cannon
Cato has now posted my remarks from last week’s “Obamacare in the Supreme Court” conference: The full conference will be available here soon. ObamaCare Supporters, Be Warned: This May Sting a Little is a post from Cato @ Liberty – Cato Institute Blog
ObamaCare Supporters, Be Warned: This May Sting a Little is a post from Cato @ Liberty – Cato Institute Blog
By Michael F. Cannon
My latest podcast, “IPAB: ObamaCare’s Next Constitutional Hurdle.” Podcast: ObamaCare’s Most Unconstitutional Provision Isn’t the Mandate. It’s IPAB. is a post from Cato @ Liberty – Cato Institute Blog
Podcast: ObamaCare’s Most Unconstitutional Provision Isn’t the Mandate. It’s IPAB. is a post from Cato @ Liberty – Cato Institute Blog
By Michael F. Cannon
Last week, I appeared on NPR’s Tell Me More program. My discussion with host Michel Martin gives a good synopsis of why ObamaCare is both harmful to consumers and unconstitutional. Listen to the segment here. For a contrary perspective, listen to former Obama administration acting solicitor general Neal Katyal, who appeared on the program the next [...]
Why ObamaCare Must Go, in Ten Short Minutes is a post from Cato @ Liberty – Cato Institute Blog
Shortly after President Obama signed the Patient Protection and Affordable Care Act into law two years ago, the National Federation of Independent Business joined a lawsuit challenging its constitutionality. After victories in district court and federal appeals court, Obamacare goes before the U.S. Supreme Court next week. Karen Harned, executive director of NFIB’s Small Business Legal Center, has argued passionately on behalf of business owners against the law. During a visit to The Heritage Foundation yesterday, she sat down with us to preview the six hours of oral arguments and … More
Shortly after President Obama signed the Patient Protection and Affordable Care Act into law two years ago, the National Federation of Independent Business joined a lawsuit challenging its constitutionality. After victories in district court and federal appeals court, Obamacare goes before the U.S. Supreme Court next week. Karen Harned, executive director of NFIB’s Small Business Legal Center, has argued passionately on behalf of business owners against the law. During a visit to The Heritage Foundation yesterday, she sat down with us to preview the six hours of oral arguments and … More
