by Jane Richey | Apr 24, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
The Philadelphia School District will massively restructure itself in the coming months, fundamentally altering the way it is organized and run – and possibly closing 40 low-performing, underused schools next year and shifting many more students to charters. It...
by Jane Richey | Apr 24, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
From Walter Williams: According to the Congressional Budget Office, Congress will spend $3.8 trillion this year, about 24 percent of our $15 trillion gross domestic product. But federal tax revenue will be much less, only $2.5 trillion, or 16 percent of the GDP. That...
by Jane Richey | Apr 24, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
The U.S. Department of Energy plans to spend $9 million on better weather forecasting, something that would help electric utilities integrate solar energy into the power grid. The taxpayer money is intended to help power system operators reliably know how much solar...
by Jane Richey | Apr 24, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
Medicare faces an unfunded liability of $38.6 trillion, according to the Medicare Trustees report released Monday. The unfunded liability is the amount that has been promised in benefits to people now alive that will not be funded by the tax revenue the system is...
by Jane Richey | Apr 23, 2012 | Fiscal Responsibility
“…Since Barack Obama took office, the U.S. national debt has increased·by more than 5 trillion dollars, and it is rising at a rate of about·150 million dollars an hour….” Debt is a “soft” form of slavery. In America today, it is...
by Jane Richey | Apr 23, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
The General Services Administration blew through $820,000 in taxpayers’ money in a lavish ”team building” trip to Las Vegas, and President Barack Obama is “apoplectic” at the news, according to the president’s campaign advisor, David Axelrod. Obama, he says, has...
