Rick Santelli's Chicago Tea Party

California voters demand budget cuts Posted: 20 May 2009 06:51 AM PDT California voters  defeated a special election of budget measures that would have implemented a combination of higher taxes, increased borrowing, funding shifts, and spending reforms to deal with a record budget deficit. Will the state government make the painful, but necessary, spending cuts?  Or, will the Obama administration step in and bail out California? Read here.

Get ready to pay more for your car Posted: 19 May 2009 09:44 AM PDT The Obama administration is set to announce the first-ever national emissions limit for vehicles, a change that will result in the price of a vehicle rising $1,300 by 2016.  Some are hailing this as the renaissance of green technology and a cleaner planet, while others are criticizing it for its excessive federal regulation and detrimental impact on hard working consumers. Administration officials claim the real price increase will only be $600 per vehicle, since the other $700 had already been approved.  They also claim that consumers will recover this loss through cheaper gas prices, as long as gas prices follow government projections.  In addition, officials claim that consumers will save more throughout the car’s lifetime despite the additional, upfront expense. What do you think?  Is this good for the environment?  What could be some of the constitutional and economic ramifications? Read here.

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