by Jane Richey | Jan 10, 2013 | Constitutionally Limited Goverment, Fiscal Responsibility, Politics
The chief executive of the U.S. Chamber of Commerce on Thursday said the “exploding national debt” is the greatest threat to the U.S. economy. U.S. Chamber chief Tom Donohue called for Washington to reach a broad deal to rein in deficits in the coming months, while...
by Jane Richey | Jan 10, 2013 | Constitutionally Limited Goverment, Fiscal Responsibility
The U.S. Labor Department’s website includes a database that shows $5,159,629,434 in improper unemployment insurance payments for all 50 states, U.S. territories and the District of Columbia for the period July 1, 2011 to June 30, 2012. The database also shows...
by Jane Richey | Jan 10, 2013 | Fiscal Responsibility, Politics
The Pennsylvania Turnpike Commission lost at least $109 million in risky interest investment moves, Auditor General Jack Wagner says. The state’s fiscal watchdog said Tuesday the loss of taxpayer money in risky interest rate swap arrangements was only one part of a...
by Jane Richey | Jan 9, 2013 | Fiscal Responsibility, Politics
White House Press Secretary Jay Carney on Wednesday did not specifically rule out the possibility of minting a $1 trillion coin, even as he told reporters that the White House has no backup plan for dealing with the debt ceiling if Congress refuses to act. “There is...
by Jane Richey | Jan 9, 2013 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
The state of the tea party evokes Mark Twain: Reports of its death were an exaggeration. Tea party activists who say they deliberately sat out the fiscal cliff debate are ready to reassert themselves as Congress and the Obama administration take up the debt ceiling...
by Jane Richey | Jan 9, 2013 | Fiscal Responsibility, Politics
The United States could face a debt-ceiling crisis as early as mid-February, according to an expert report out Monday. The Bipartisan Policy Center (BPC) estimates that the nation will begin defaulting on its payment obligations between Feb. 15 and March 1, unless...
