by Jane Richey | Jan 31, 2013 | Fiscal Responsibility, Politics
Responding to House Budget Chairman Paul Ryan’s warning that if the federal government continues to run annual $1 trillion deficits we will eventually face a debt crisis, liberal economist and New York Times columnist Paul Krugman said Wednesday that that is not...
by Jane Richey | Jan 31, 2013 | Fiscal Responsibility, Health Care, Politics
White House Press Secretary Jay Carney did not deny President Barack Obama, who oversaw a $5.8 trillion increase in the national debt during his first term, believed the country did not have a spending problem. The Wall Street Journal reported on Jan. 6 about a...
by Jane Richey | Jan 25, 2013 | Fiscal Responsibility, Politics
In recently released data the Federal Reserve revealed that its holdings of U.S. government debt had increased to an all-time record of $1,696,691,000,000 as of the close of business on Wednesday. The Fed’s holdings of U.S. government debt have increased by 257...
by Jane Richey | Jan 23, 2013 | Fiscal Responsibility, Politics
Speaker John A. Boehner of Ohio is sticking by his “no budget, no pay” proposal, despite some griping within his conference that the plan is no good, and he seems to be bringing much of the conference along with him. In his first news conference of the 113th Congress,...
by Jane Richey | Jan 22, 2013 | Fiscal Responsibility, Politics
Congressman Tom Marino (R-10) frustrated with a $17 trillion national debt and President Barack Obama’s unwillingness to compromise on spending cuts, said his proposal is just one step to help dig out of a deep financial hole. “Someone has to be man enough...
by Jane Richey | Jan 22, 2013 | Constitutionally Limited Goverment, Fiscal Responsibility, Politics
President Barack Obama seemed to reject entitlement reform in his second Inaugural address Monday, even saying Medicare, Medicaid and Social Security “free us to take the risks that make this country great.” “We must make the hard choices to reduce the cost of health...
