In selling his health care law to the American people, President Obama made a series of promises – which he subsequently broke. For example, the president repeatedly declared that Obamacare would lower health care costs for the typical family by $2,500. At a time of heightened financial anxiety, many Americans were attracted to a plan that purported to lower costs.
As President Obama noted in his prime-time address on Wednesday, America continues to face grave threats around the world. A comprehensive response to those threats – in the Middle East, Eastern Europe, and other unstable regions – should incorporate America’s abundant fossil energy resources.
In early August, the Highway Trust Fund is expected, by law, to stop making payments to states to avoid a negative balance. In the past, Congress kept the HTF solvent primarily with general fund money – transferring $54 billion since 2008. But the Bipartisan Budget Act of 2013 stipulated that any transfer to the HTF now must be offset. Congress is currently working through options to keep the HTF solvent.