"With the price of everything from gasoline to food soaring in America, nobody is surprised by inflated price tags these days. But even by Washington standards, an action taken earlier this month by the Environmental Protection Agency is creating sticker shock: a nearly fourfold increase in the government calculation of damages from carbon emissions.

"The so-called Social Cost of Carbon was first set in 2009 under then-President Barack Obama. Under Democrats it has been set for most of the last decade at $51 per metric ton. But in a rulemaking notice in mid-November, EPA said it had devised a new calculation that raises that damage estimate to $190 per metric ton by 2022 standards and as much as $410 by the year 2080.

"The figure isn't just hypothetical. If enacted, it could affect everything from the cost of methane regulations and tailpipe emissions to the 'climate reparations' that President Joe Biden has committed the United States to paying to poor countries in the future.

"The new estimate has sent shockwaves through the energy industry and raised the stakes for ongoing litigation being brought by Republican attorneys general in states like Louisiana that are challenging the Biden administration Social Cost of Carbon rulemaking as unconstitutional."

Read the entire article here.

"'I intend to be the most pro-union president leading the most pro-union administration in American history,' President Biden promised last year. At least until a rail strike threatened his poll numbers.

"Biden is hammering Congress to enact legislation to effectively outlaw a strike next week by 100,000 railroad freight workers. Unions are threatening a work stoppage to compel railroad owners to provide sick leave.

"Biden declared in April, 'Workers who join a union gain power -- the power over decisions that affect their lives.' But not as much power as the president has over them. And considering how disruptive a strike would be for the national economy, Biden needs to stop it.

"Liberal activists are stunned at Biden's apparent betrayal of rank-and-file workers. But the Democrats' posturing is no surprise. Unions are great -- if someone else pays."

Read the entire article here.

"The White House recently issued a new regulation that will allow investment fiduciaries, including 401(k) plan managers, to offer investment options that consider environmental, social, and governance (ESG) issues, such as climate change and social justice initiatives. The move could radically transform retirement investing for tens of millions of Americans nationwide.

"Until now, those managing many retirement accounts were required to prioritize the best return on investment possible. By opening the door to left-wing investment plans, the Biden administration is permitting employers and private pension fund managers to effectively politicize retirement investments.

"Under the new regulation, a retirement account fund manager or employer must continue to pledge to prioritize the interests of retirees, a longstanding requirement, but fiduciaries will now also be allowed to include factors like climate change and other ESG considerations in their analyses and decision-making processes. This will, by design, empower left-wing employers and fund managers to use retirement accounts to push leftist causes."

Read the entire article here.

"After all the supply chain problems the United States has suffered in the last two years, the very last thing the nation needs is a railroad strike. Unfortunately, it could happen any day now, as soon as Dec. 5. ...

"Needless to say, a strike by 15,000 rail workers would create a disaster for shipping ahead of the holiday season.

"Inflation is bad enough already, but if shipping problems worsen the scarcity of goods at the time of peak demand, the price of groceries, gas, and Christmas presents could go much higher than they already have. ...

"The good news is that the law governing labor relations on railroads is different from the law that governs them in most other industries.

"Congress, when it passed the Railway Labor Act in the 1920s, decided that railroads are just too important to be subjected to the whims of Big Labor the way other businesses are. Congress can force the striking workers back on the job by simply passing a resolution, which President Joe Biden would then have to sign.

"And of course, this is exactly what Congress should do..."

Read the entire article here.

"Happy Thanksgiving!"

"Twelve attorneys general have submitted comments to Environmental Protection Agency Administrator Michael Regan expressing concerns about a new proposed rule they argue will increase energy costs and risk Americans' safety.

At issue is the EPA's proposed rule, 'Accidental Release Prevention Requirements: Risk Management Programs under Clean Air Act; Safer Communities by Chemical Accident Prevention.' (87 Fed. Reg. 53,556), which Texas Attorney General Ken Paxton argues is another attempt by the Biden administration to revive an Obama-era 'ennvironmental justice' regulation. If implemented, it would far exceed the statutory authority of the EPA, the attorneys general argue, which was curtailed by the Supreme Court earlier this year.

The rule would require a range of American facilities and industries to implement costly new processes to minimize 'climate change risks,' which the EPA hasn't proved will reduce such risks, they argue. Those impacted by the regulations would include petroleum refineries, chemical manufacturers, water and wastewater treatment systems, chemical and petroleum wholesalers and terminals, food manufacturers, packing plants, cold storage facilities, agricultural chemical distributors, midstream gas plants, among others.

The proposed rule would impose 'burdensome new regulatory requirements that do not lead to improvements in preventing accidental releases or minimizing the consequences any such releases,' they write, and 'would come at the cost of a greater regulatory burden without providing sufficient corresponding benefits.'"

Read the entire article here.

"House Minority Leader Kevin McCarthy (R-Calif.) has a math problem.

"He won the House GOP's nomination to be Speaker this week in a 188-31 vote.

"But far more GOP members voted against him than he can afford to lose on the floor Jan. 3 in a vote that would officially elect him Speaker. A vocal faction of Republicans who have the potential to make or break his Speakership continue to withhold support."

Read the entire article here.

"As if on cue, President Joe Biden asked the lame-duck Congress for yet another $47.7 billion supplemental spending package just as representatives and senators returned to Washington after the midterm elections.

"Lawmakers should reject Biden's spending binge.

"The lame-duck period is when Congress is least accountable, taking place after the American people voted out the Democratic majority in the House in favor of a slim Republican majority. Defeated and retiring lawmakers should not be adding billions to the taxpayers' tab, particularly after their reckless spending sparked inflation at a level not seen in four decades.

"This supplemental spending request for Ukraine aid and COVID-19 funding is more than an entire year's worth of regular appropriations for the departments of Agriculture and Interior combined.

"Biden's strategy is to attach these new spending requests onto a massive omnibus appropriations bill. A lame-duck omnibus would ram through a third year of liberal policy and inflationary spending agendas.

"Given our current fiscal and economic situation, every dollar of government spending -- coming on top of the $7.7 trillion spending spree since 2020 -- will add to inflationary pressures and burden American families."

Read the entire article here.

"The majority of Americans are delaying financial milestones and even abandoning certain events and activities because of the current state of the economy.

"According to a new survey from Bankrate, 53% of Americans have had to delay milestones such as home improvements and renovations as well as buying or leasing a car.

"Meanwhile, 58% of Americans have had to miss out on certain activities such as postponing vacations and opting out of dinners with family or friends.

"The data revealed that 15% of respondents had to hold off on purchasing a home, while 10% have had to push off furthering their education. Nine percent have pushed off retiring, 7% pushed off career advancements and 7% even postponed getting married. Additionally, another 7% pushed off having children."

Read the entire article here.

"The federal statutory debt ceiling makes for good policy. Congressional Democrats who want to repeal it to give themselves a permanent blank check to spend American taxpayer dollars are equal parts smug elites and constitutional vandals.

"Congressional Republicans should absolutely fight to defend the statutory debt limit this year and leverage it next year to extract badly needed spending reforms from President Joe Biden and his party. ...

"Contrary to the phony narrative coming soon to an editorial page near you, the debt ceiling is not a formality. It is not an anachronism or a symbol. It is an indispensable tool, specifically designed to protect taxpayers and check the ambitions of entitled politicians. The contempt elites in both parties have for the debt ceiling is compelling evidence for its value. ...

"The Constitution and federal law are thick with restrictions on overnment's ability to spend your money. The Origination Clause. The Spending Clause. Appropriations time limits. Since our founding, Americans have always known that politicians cannot be trusted with a blank check with your name on it.

"This timeless truth takes on new urgency today, as federal overspending triggered America's worst inflation crisis in 40 years, and a new recession. For the first time in a generation, wages are not keeping up with prices. The costs of gasoline, food, and housing have exploded as Biden and congressional Democrats drowned the economy in almost $5 trillion in additional deficit spending in less than two years."

Read the entire article here.