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To sidestep opposition in the Senate, the President declared these to be “recess” appointments, invoking his prerogative to fill vacancies without Senate confirmation when that body is not in session. The action was roundly criticized on the grounds that although the Senate was not actively conducting legislative business, it was formally still in session.The judges issued an even broader ground for striking down the unconstitutional appointments, holding that President Obama could make valid recess appointments only during an intersession “recess” that occurs between annual sessions of Congress, and that recess appointments also cannot be made unless the position becomes vacant during the Senate’s valid intersession recess. This brings up huge questions for all the unconstitutional appointees who have now been declared invalid—and the regulations they have created during their time in office.
The odds are that this imbroglio will stall the CFPB’s regulatory agenda for some time. That, however, is no bad thing for consumers. The rules adopted by the CFPB, by limiting lender activity, decrease options for consumers and increase costs for mortgages and other loans. Reining them in could actually be a boon for consumer welfare.There’s a reason the Senate is supposed to confirm these nominees—and in the case of the CFPB, the agency itself merits closer scrutiny. The judges’ decision is a welcome check on Obama’s abuses of power.
Benjamin Franklin once said, “Never leave that till tomorrow which you can do today.” That’s why Congress should not raise the debt ceiling unless it includes immediate reforms today that put us on a sure path to balance, keep us in balance over time, provide for the common defense—and do not raise taxes.Yesterday, House Speaker John Boehner (R-OH) and Budget Chairman Paul Ryan (R-WI) took up an idea promoted by a coalition of conservative organizations including our sister organization, Heritage Action for America.
Ten years is not a random horizon, but the traditional congressional budget window. Nor is this demand the result of mere whimsy—it is a moral obligation. No American should have to tell an 8-year-old child that we cannot get our nation’s house in order by the time she goes to college. There are many ways to get to a balanced budget and both Democrats and Republicans have an obligation to explain what path they will choose.Following their call, 41 leaders of conservative organizations signed a memo urging Congress to produce a 10-year path to balance. Now, Boehner has taken up that call.
[C]onservatives should not capitulate again on tax hikes. In the imminent debt limit debate, they should remind the country that we have a spending problem and communicate concrete ways to reduce federal spending. They can start with bipartisan reforms to Medicare and Social Security and thus lay the groundwork for bolder entitlement program reforms in the future.Now let’s see these plans for a balanced budget—because the details are important. The needed spending cuts and entitlement reforms will have to become concrete realities.
Depending on how these businesses pass the tax on, it could result in higher prices for their customers (e.g. patients), lower returns to their shareholders, or fewer jobs for their workers. As we explained earlier, evidence is mounting that it is their workers that will bear the brunt of the tax.More taxes, higher prices, and lost jobs—no wonder the Senators wanted to delay it! If only they had considered those effects before many of them voted for Obamacare in the first place.
