Focus Point – Book Review

I always enjoy reading memoirs of people who were at the center of a great adventure, and the new autobiography by chris craft – "flight" — fills the bill.

Focus Point – Tax Protection

I've talked over the last couple of weeks about the reasons why the Bush tax cut is the right thing to do — even why it ought to be accelerated. There's the moral argument, the economic argument, the fairness argument.

Focus Point – Stopping John McCain

Seeing John McCain at work trying to pass his campaign spending "reform" — I put the word in quotation marks — I'm reminded of the song title, "How can I miss you if you won't go away?"

Focus Point – Using PRAs

If the federal government doesn't use projected budget surpluses for tax cuts, spending increases or social security reform, look for a big push to use it to pay down the debt, then start accumulating assets.

What Are The Prospects For Medicare Reform This Year?

The National Center for Policy Analysis (NCPA) and the National Association for Business Economics' (NABE) Health Economics Roundtable will co-sponsor a Capitol Hill briefing to answer some of the critical questions about the chances for Medicare reforms this Congress.

Focus Point – Napster

I'm on record as the Internet's number one fan. I think we ought to take all thoughts of taxing it, tie them to a cinder block, and drop them in the ocean. I love its freewheeling, anything goes attitude.

Gun Show Loophole Doesn't Exist

Mandating background checks at gun shows will not reduce crime significantly. Rather than closing a loophole in current law, mandatory background checks will be a step towards banning private firearm sales between individuals.

Focus Point – Microsoft Decision

If you're wondering why a hefty percentage of the American people think Bill Gates is the devil incarnate it may be because the judge in the Microsoft trial – Thomas Penfield Jackson — unfairly painted Microsoft as a villian.

Restorative Justice, American Style

Ted McGarrell, a criminology professor at Indiana University in Bloomington, has teamed up with the Hudson Institute and the city of Indianapolis to try an experiment that offers something besides jails to control crime. "Restorative justice," a program being tried with youthful first-time offenders, is based on three principles:

Bush Makes Right Call On Co2

President Bush's announcement that the administration will not impose mandatory emissions reductions for carbon dioxide on the nation's power plants is good news for our nation's energy and environmental policy.

Trigger-Happy Taxers

Washington is trigger-happy this week, and it has nothing to do with guns. It has to do with putting fiscal policy on autopilot, tying the implementation of stimulative tax cuts next year to the spending habits of Congress this year. Sound strange? It is.

The Bush Plan to Insure the Uninsured

The number of people who lack health insurance now stands at about 43 million, more than were uninsured a decade ago. Moreover the growth in the uninsured has occurred during a period when income and wealth was rising for the vast majority of American families.

Saving for a Rainy Day

In its January forecast, the Congressional Budget Office (CBO) projected budget surpluses totaling $5.6 trillion between 2002 and 2011, up from $4.6 trillion a year earlier. This forecast assumes (1) no tax cut, (2) no spending increase and (3) no Social Security privatization. The forecast therefore assumes that the surpluses will be used to pay down the government debt available for repurchase and then buy assets that earn a return similar to that earned on Treasury issues. This means that beginning in 2006, the government would do something it has never done: accumulate and hold significant levels of private financial assets.