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December 2, 2014

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Oct. 31, 2005 / 28 Tishrei, 5766

Subsidize heating costs for zero dollars this winter

By Dick Morris


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http://www.JewishWorldReview.com | President Bush had better initiate a program to subsidize home heating-oil costs before sticker shock turns the red states blue with cold this winter.

With heating-oil prices expected to increase by at least 50 percent because of the high global demand for petroleum and Hurricane Katrina-induced damage to American refineries. Prices for natural gas and electricity will also inflate, lagging not far behind.

And there's a way Bush can subsidize those costs without further adding to the federal budget deficit. The U.S. strategic petroleum reserve contains about 700 million barrels of oil, approximately a one-month supply of oil for the nation (and a bit more than two months if we assume that only foreign oil were to be cut off).

The oil in the reserve has been purchased at an average price of $27 per barrel over more than two decades to prepare for a genuine national emergency. What we face this winter is not a calamity of sufficient gravity to warrant selling off part of the reserve, but we can borrow it for a while.

Why doesn't the president order that about 200 million barrels of the reserve be sold at current market prices? If the price runs about $60 per barrel at the time the sale is consummated, the sale would generate $12 billion. Since we purchased the oil at an average price of $27 per barrel, or about half as much as we are now going to make from the sale, we should put aside half of the proceeds — $6 billion — to use replenishing the reserve once prices have come down to more normal levels.

Then we can feel free to use the remaining $6 billion to subsidize home heating-oil prices this winter at no cost to the treasury.

While oil prices are destined to rise in coming years because of increased demand, particularly from developing nations such as India and China, they aren't likely to stay above $30 per barrel for more than the period of the current emergency. We should shortly be able to replenish all we have borrowed from the reserve, again without any additional drain on the treasury.

We certainly will not need the extra 200 million barrels during this interim period. We can replace it before we experience any ill effects from its absence. The oil is doing us no good sitting in the reserve. There is no reason why our government cannot cash in on the current escalation of fuel prices to mitigate some of the effects of this rapid increase on our people.

It would be great if Bush could, for once, anticipate the need for a program before he has to be beaten over the head to initiate one. The looming disaster of higher heating-oil prices clearly will require a federal subsidy. This proposal offers a way Washington can give help without spending more money.

Without the subsidy, one can well imagine low-income families in Northern climes having to choose between heating and eating, not a choice they should be forced to make. No means test should be necessary to trigger the federal subsidy, since the increase in costs should not cause otherwise self-sufficient citizens to feel as if they are receiving charity or welfare. Nobody can plan for a 50-percent increase in heating-oil costs, and few can absorb the higher bill without cutting out something else in their budget.

The sell-off of reserve oil would not require congressional approval. Bush has ample authority to order it under his current executive powers. Using that fund for heating-oil subsidies will require Senate and House consent, but legislators are particularly adept at voting for subsidies that do not cost anything. Passing the bill should not present much of a problem.

The administration should act promptly to take advantage of this win-win proposal.

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JWR contributor Dick Morris is author, most recently, of "Because He Could". (Click HERE to purchase. Sales help fund JWR.) Comment by clicking here.



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