Tag: Cato Institute

Commentary: The Corrupt Economics of Immigration

American Greatness

The common refrain among supporters of the Democratic Party’s open borders policy is that immigration helps the economy. A very recent example of this was published in MSNBC Daily last month, where the author, David Bier of the Cato Institute, claims that “The Congressional Budget Office finds that the surge will boost the economy by $7 trillion and reduce the federal debt by nearly $1 trillion by 2034.” That’s actually an unimpressive statistic since the cumulative GDP of the United States over the next decade will easily exceed $300 trillion, but Bier is probably not wrong in his assertion that immigration increases GDP.

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Virginia Revitalization Commission to Pilot Workforce Housing Development

The Center Square
Building Home

The Virginia Tobacco Region Revitalization Commission recently approved a pilot workforce housing program to make the region more attractive to new businesses and job seekers.

The commission was founded to foster economic growth and opportunity in 34 counties and six independent cities comprising Southwest and Southern Virginia –  a region where tobacco farming was once integral to the economy. It’s funded entirely by proceeds from a major 1990s tobacco lawsuit settlement.

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California Considers Rules That Could Push Gas Prices up an Additional $1.11/Gallon by 2026

The Center Square
Gas Station

California gas prices could rise by at least $1.11 per gallon by 2026 if the California Air Resources Board adopts amendments to its low carbon fuel standard program, CARB says. The LCFS amendments proposed at the end of 2023 would phase-out credits for turning manure into renewable natural gas, ending that business, and add jet fuel to LCFS purview, increasing flying costs for every flight that starts or ends in California even if the fuel was purchased elsewhere. Because so much of America’s imports come in through California, the LCFS amendments would raise the costs of goods for every American. 

LCFS uses a system of credits and deficits to reward or punish producers that make fuel better or worse than the rising “clean” standard.” Current LCFS guidelines call for a 20% reduction in carbon intensity by 2030 compared to 2010, while the proposed amendments call for a 90% reduction by 2045, including significant step-downs starting in 2025 that would result in major fuel cost increases starting that year. 

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Mounting Evidence Is Pointing to a Nightmare Scenario for the U.S. Economy

Virginia Star Staff
Evicted

U.S. annual economic growth measured just 1.6 percent in the first quarter of 2024, following a report of persistently high inflation in March of 3.5 percent year-over-year. The combination of both low growth and high inflation, in conjunction with continuously high amounts of government spending and debt, has led to signs of stagflation in the U.S. economy, which wreaked havoc on U.S. consumers throughout the 1970’s, according to experts who spoke to the DCNF.

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Youngkin Casts Doubt on Building Small Nuclear Reactor in Southwest Virginia

The Center Square
Glenn Youngkin

After months of research and investigation into what it would look like to build a small modular nuclear reactor in Southwest Virginia, Gov. Glenn Youngkin revealed the region may not be selected for Virginia’s first SMR after all.

“There may be other places around Virginia that may be better suited for the first one,” Youngkin said. “We’re looking at places across the commonwealth. I do firmly believe that Virginia will be the first state to have a small modular reactor in a commercial fashion.”

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Biden Border Policy Critics Lament ‘Migrant Crime Wave’

The Center Square

House Homeland Security Committee Chairman Mark E. Green blasted President Joe Biden for the wave of illegal immigrants entering the U.S., saying a “migrant crime wave” is sweeping the country.

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Runaway Inflation ‘Unlikely’ to be Reeled in Under Biden Administration, Experts Say

Virginia Star Staff

by Will Kessler   As long as President Joe Biden continues his high government spending policies, inflation is not likely to return to previously normal levels without seeing economic repercussions, according to experts who spoke to the Daily Caller News Foundation. The last time the Consumer Price Index (CPI), a…

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As His First Cabinet Pick, Youngkin Names School Data Guru Aimee Guidera to Be Secretary of Education

Eric Burk

Governor-elect Glenn Youngkin announced that Aimee Rogstad Guidera will serve as Secretary of Education. During the No Child Left Behind era, Guidera founded the Data Quality Campaign (DQC) which focuses on better data gathering to help improve school quality.

In his Monday press release, Youngkin said, “Aimee will be a critical partner in restoring expectations of excellence; overseeing a record education budget to invest in teachers, facilities and special education; rolling out innovation lab and charter schools; and standing for a curriculum that prepares Virginia’s children for a dynamic future and removes politics from the classroom.”

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At Conference, Northam Says Virginia Is Ideal for Offshore Wind Industry

Eric Burk

RICHMOND, Virginia — Governor Ralph Northam and Dominion Energy CEO Robert Blue announced that the Port of Virginia will lease 72 acres of the deep-water Portsmouth Marine Terminal for staging and pre-assembly of Dominion’s offshore wind project.

“This announcement is yet another milestone toward making Virginia the national leader in offshore wind power,” Northam said. “The Commonwealth and Dominion Energy are standing together to promote clean energy, reduce carbon emissions, create jobs, and build a new American industry on the East Coast of the United States.”

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Rural Oregon Counties Want to Secede From State to Join ‘Greater Idaho’

Virginia Star Staff

Conservative Oregonians are trying to leave the increasingly left-leaning state all together to preserve their values – but not by moving elsewhere. A group called Move Oregon’s Border is leading an initiative to have Oregon’s rural counties secede from the rest of the state and join Idaho, Fox News reports.

Mike McCarter, 72,  a lifelong Oregonian, retired plant nursery worker and firearms instructor, has been leading the separatist movement for almost two years. He said he and many others are eager to “get out from underneath the chokehold of Northwestern Oregon.”

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