by Jane Richey | Feb 5, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
The power grid program in question is in the Energy Department, and received a $3.5 billion infusion in the 2009 stimulus package. That money was awarded to 99 recipients, with individual grants ranging up to $200 million. In a January report, the inspector general...
by Jane Richey | Feb 5, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
President Barack Obama outlined a litany of proposals in his State of the Union address that he said would have a positive economic impact on the United States. As expected, his approaches would require substantial government spending, the commitment of taxpayer...
by Jane Richey | Feb 4, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
After a federal judge blocked a much broader drug-test rule in Florida, Pennsylvania is taking a more careful approach. Instead of mandating drug tests for all welfare recipients, Pennsylvania plans to randomly test only those with a felony drug conviction within the...
by Jane Richey | Feb 4, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
Ben Bernanke needs to change direction. His Fed has already committed to an exceptionally low federal funds rate at least into 2013 and perhaps into 2014. But the chairman needs to begin thinking about when the Fed starts increasing the funds rate and shrinking its...
by Jane Richey | Feb 3, 2012 | Fiscal Responsibility, Free Markets
Treasury Secretary Timothy Geithner swung back at critics of the Dodd-Frank financial reform law Thursday, arguing that those detractors are pushing for a repeat of the financial crisis. But Geithner said such a rollback would merely make the United States more...
by Jane Richey | Feb 3, 2012 | Fiscal Responsibility, Free Markets, Politics
“We work hard,” Pat Eiding, president of the Philadelphia AFL-CIO, says of the people he represents, “and when you work hard you should be compensated. And it should be fair. And so if you want to make a million dollars, or five million or thirty, God bless you. But...
