A Republic, If We Can Keep IT!! How Unions & Collective Bargaining Destroy Constitutional Conventions
How to Translate Passion Into Education Reform: AEI's Fredrick Hess Archive & New Book On Education REform
NAFTA Energy Empire of North America. Bud Weinstein, @smucox
"..As is well-known, the shale revolution in the U.S. has boosted oil and gas production to record levels. In Canada, meanwhile, oil production has jumped more than 50 percent over the past decade with the increase coming principally from the oil sands in Alberta, which are estimated to hold the third-largest reserves in the world.
Oil and gas production in Mexico has been declining for many years, but the historic legislation passed in 2013 that ended 75 years of state monopoly is already attracting new investments from the U.S., Canada and other countries that should soon reverse this downward trend.
The energy markets in North America are already somewhat integrated. For example, Mexico today generates more than 25 percent of its electricity with U.S.-supplied natural gas. With more gas pipelines under construction, U.S. exports to Mexico are expected to double by 2019. Significant amounts of crude oil from Alberta are shipped to U.S. refineries by rail and pipelines. And last year, the U.S. imported 70 million megawatt hours of hydro-generated electricity from Canada.
NAFTA also has led to transnational supply chains, enabling companies to keep costs low by manufacturing and assembling products across the continent. Natural gas from the U.S. helps keep Mexico’s power costs lower than China’s, its chief manufacturing rival.
Abundant energy allows for goods to be transported cheaply across extended supply chains while lowering factory overhead costs.
North America possesses five times more fossil fuel reserves than OPEC, providing the potential for our continent to become a global energy colossus...."
Editorial: This is the speech Mr. Trump should have given to introduce himself to the world at his Inauguration. In place of that speech’s resentments, his Warsaw talk offered a better form of nationalism. It is a nationalism rooted in values and beliefs—the rule of law, freedom of expression, religious faith and freedom from oppressive government—that let Europe and then America rise to prominence. This, Mr. Trump is saying, is worth whatever it takes to preserve and protect. – Wall Street Journal (subscription required)
James Capretta examines how Medicare’s basic characteristics have resulted in alarming unfunded liabilities, and he proposes reforms that would substantially restructure the program. These proposed reforms include combining the various Medicare benefit programs into one rationalized insurance product entirely funded by a Medicare payroll tax, allowing premiums to vary based on lifetime earnings and coverage preference, and facilitating savings for health care premiums and costs in retirement. While reforms of this nature are politically ambitious and will require an extended timetable for implementation, such changes would transform Medicare into a program that is more sustainable, more consistent with stronger economic growth, less burdensome on workers, and less distorting of the US health care system than it is today.
Medicare can’t be ignored forever
James C. Capretta | Real Clear HealthMedicare is one of the three major entitlement programs — along with Social Security and Medicaid — that is the primary reason the federal government is expected to run massive and growing deficits in the coming years. James Capretta argues that what is needed is both a short-term agenda for how to improve the program’s performance and a long-term vision for what might be done to make Medicare more affordable and sustainable in a society with a growing population of older citizens.