Free Republic

President Obama's proposal to severely restrict "deferral" will cause a significant tax increase on American companies trying to earn market share in other nations. For all intents and purposes, the White House plan is protectionism, but the target is American companies rather than their foreign rivals. This Center for Freedom and Prosperity Foundation video explains why this misguided policy will reduce exports from America and reduce jobs in America. For more information: www.freedomandprosperity.org

An action taken by the president in which he or she proposes not to spend all or part of a sum of money appropriated by Congress. The current rules and procedures for impoundment were created by the Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C.A. § 601 et seq.), which was passed to reform the congressional budget process and to resolve conflicts between Congress and President RICHARD M. NIXON concerning the power of the EXECUTIVE BRANCH to impound funds appropriated by Congress. Past presidents, beginning with THOMAS JEFFERSON, had impounded funds at various times for various reasons, without...

The best that can be said of Gov. Arnold Schwarzenegger's proposed deal on the prison guard contract is that it's better than having your eye poked out with a stick. This wasn't a true renegotiation, where the two sides exchange views and compromise on provisions of the 300-page contract. Like Schwarzenegger's other "deals" this legislative session, it was merely a deferral of costs to a later date. What a disappointment. A chance for true reform was dashed. Schwarzenegger's deal does nothing to close the gap between what legislators were told the five-year contract would cost ($567 million) and what it...