by Jane Richey | Feb 5, 2013 | Fiscal Responsibility, Politics
Most Americans know the economy is in bad shape even if a majority voted to reelect the man most responsible for making a bad economy worse. And, no, it was not George W. Bush who is responsible for the 2008 financial crash. It was the government with its housing...
by Jane Richey | Feb 5, 2013 | Fiscal Responsibility
The Energy Department’s statistical arm reported Monday that the average household spent $2,912 for gasoline in 2012, which makes up almost 4 percent of pre-tax income, tying 2008 for the highest percentage in roughly 30 years. Pump prices took center stage in White...
by Jane Richey | Feb 5, 2013 | Fiscal Responsibility, Politics
The federal budget deficit will fall to $845 billion in 2013 before rising again over the next decade as an aging population and soaring healthcare costs lead to an explosion in entitlement spending, the Congressional Budget Office reported Tuesday. The budget deficit...
by Jane Richey | Feb 1, 2013 | Fiscal Responsibility
Approximately 5.2 percent of funds obligated to the Federal Highway Administration (FHWA) during fiscal years 2009-2011 actually went to the construction of new highways. An additional two and a half percent of that funding went to new construction of bridges,...
by Jane Richey | Jan 31, 2013 | Fiscal Responsibility
The nation’s long-term fiscal outlook hasn’t significantly improved following the recent agreement between Congress and the White House over tax and spending issues, according to a new analysis. The “fiscal cliff” deal, combined with the...
by Jane Richey | Jan 31, 2013 | Constitutionally Limited Goverment, Fiscal Responsibility
The Department of Health and Human Services (HHS) made $64.2 billion in “improper payments” in fiscal 2012, according to the federal website PaymentAccuracy. The the bulk of those improper payments were made by Medicare and Medicaid, the government health-care...
