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Either the Navy is retiring these ships too early or its lifecycle estimates are hopelessly optimistic. But service leaders cannot have it both ways. Similarly, the administration cannot realistically “pivot” to Asia—a region defined by the “tyranny of distance”—and cut the fleet at the same time.
When President Obama unveiled his new strategic guidance in January, highlighted by a pivot to Asia, many assumed (incorrectly) that the Navy and Air Force would reap the benefits. But if the president's own 2013 defense budget request did not make it clear to policymakers already, the release of the Navy's 30-year shipbuilding plan confirms this is a pivot in name only.
The health news for the New York City is good — very good, in fact. And it must be especially gratifying to Bloomberg, given his longstanding personal commitment to public health. But it isn’t clear that the official narrative of New York’s health progress actually conforms with the health story for New York over the last decade.
The good news is that much of Santorum's plan is centered on lowering taxes. The bad news is that much of his tax relief is either welfare in disguise, or social engineering.
Vincent Reinhart testifies on monetary policy and the price of oil.
"Given the disappointing March numbers, it is unlikely that this month's report will show a huge improvement. It is likely that the economy will add 120,000-140,000 jobs--small numbers that suggest protracted periods of sluggish growth still lie ahead of us." Aparna Mathur, AEI
The CBO may be incorrect in saying that repealing the Affordable Care Act would cause a deficit increase, the opposite might be true.
Democrats theoretically could solve the problem of having the House pass the Senate bill, ready for Obama's signature, but Speaker of the House Nancy Pelosi just doesn't have the votes.







