

By Richard W. Rahn
Budget fantasy won't help us cope with coming fiscal disaster
Independent voices from the TWT Communities

Gov. Bob McDonnell's 2012 transportation agenda took a major stumble Wednesday as several of his top priorities were stripped from a Senate omnibus bill, which also includes a measure to index the state's gasoline tax to inflation that his office has not openly embraced.

Maryland Gov. Martin O'Malley's quest for offshore wind energy got a boost Thursday from the Obama administration, but state lawmakers still have concerns about its cost and whether there is corporate demand and congressional support for the technology.
Utah Sen. Orrin G. Hatch, 77, reported Tuesday that his campaign raised $1.5 million in the final quarter of 2011, another sign that he has no intention of following former Sen. Bob Bennett into forced retirement.

For all the talk of Sen. Orrin G. Hatch's political vulnerability, the veteran Utah Republican had managed to deflect all serious challengers until Wednesday, when state Sen. Dan Liljenquist entered the primary race.

In 1957, Dr. Seuss published his classic children's book "How the Grinch Stole Christmas," telling the story of a selfish character who seeks to steal Christmas. A generation later, we face a new Grinch seeking to eliminate the charitable deduction, pejoratively labeling it a tax loophole.

The imminent collapse of a special deficit-reduction supercommittee on Monday promises to set off yet another round of the Washington blame game as the panel officially admits failure in its quest to sop up at least $1.2 trillion in government red ink over the coming decade.

Though Virginia has finished two consecutive years in the black, the state faces a potential budget gap of $600 million to $1 billion over the next two years, the Senate Finance Committee learned Thursday.

On Tuesday, Virginia Republicans have the opportunity to regain unfettered control in Richmond for the first time in a decade — and only the second time since the Civil War.

Class, for lack of a better comparison, is like bladder control: You either have it or you don't. When it comes to forcing Obamacare upon America with dishonest gimmicks, the Democrats have no class. A major portion of Obamacare just collapsed under its own weight, and Democrats are forced to admit that Republicans were right about it all along.

The congressional "supercommittee" — the bipartisan group of 12 House and Senate members tasked with finding ways to slash the federal debt — has been flooded with often conflicting suggestions from colleagues eager to tell the panel how to do its job.

President Obama's recent proposal to limit tax deductions for wealthy donors got an uncharitable welcome at a congressional hearing Tuesday.

A Senate panel on Tuesday cleared a major hurdle toward passing three long-delayed trade agreements that supporters say could create thousands of jobs and boost U.S. exports.

An earthquake, a hurricane, storms and flooding have caused more than $100 million in damage to Virginia state and local facilities in the past month, with some damages in Northern Virginia still to be calculated.

The Senate on Thursday took a big step toward passing three long-delayed trade agreements, approving a controversial program that was holding up the pacts.

Maryland legislators will meet Tuesday to resume discussions of offshore wind development in the state, four months after they shot down Gov. Martin O'Malley's signature green-energy proposal.

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