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Independent voices from the The Washington Times Communities
Topic - Diana Furchtgott-Roth
President Obama and the Democrats still don't get it. They laid down their budget markers this week, seeking to impose nearly $1 trillion in new taxes on an economy that's still struggling to get back on its feet.
Congressional Republicans Thursday stepped up their criticism of the Obama administration over what they say is a free pass being given to defense companies facing major layoffs from looming federal spending cuts.
President Obama's re-election has put a new spring in the step of environmentalists, renewing hope not just for more aggressive climate-change policy but for continued emphasis on "green" energy despite the spectacular failure and serial bankruptcies of Solyndra and other green-energy darlings.
"[G]iven the low probability that Congress will make deep cuts in spending, it's only through stronger economic growth and more tax revenues that the government is likely to make significant inroads in the $1 trillion budget deficit," writes economic analyst Diana Furchtgott-Roth, senior fellow at the Manhattan Institute.
This leaves defense contractors with a tough decision: "They can break the law and keep the White House happy, or follow the law and annoy their major customer," Ms. Furchtgott-Roth said.