by Jane Richey | Jan 2, 2013 | Fiscal Responsibility, Politics
Never mind the “fiscal cliff.” America went bankrupt, technically, at midnight on December 31, 2012. We hit the debt ceiling of $16.394 trillion. Yet the U.S. government needs to borrow more money than is legally allowed. So Treasury Secretary Timothy...
by Jane Richey | Jan 1, 2013 | Fiscal Responsibility, Politics
The House voted late Tuesday evening, in a rare holiday session, to pass a fiscal cliff bill brokered without the involvement of the GOP majority and with far less than half of their votes. The bill (HR 8) was amended by the Senate in the early morning hours on an...
by Jane Richey | Jan 1, 2013 | Fiscal Responsibility, Politics
Check out the Side by Side Comparison between Current Law, the Obama/Geithner Proposal and the Senate...
by Jane Richey | Jan 1, 2013 | Fiscal Responsibility, Politics
The Senate deal to avoid the “fiscal cliff” will add roughly $4 trillion to the deficit when compared to current law, according to new numbers from the Congressional Budget Office (CBO). The CBO determined Tuesday that the package, hammered out late Monday...
by Jane Richey | Jan 1, 2013 | Fiscal Responsibility, Politics
Here’s a roundup— Unemployment benefits are extended for an additional year benefiting approximately 2 million out of work Americans. Tax credits for college tuition, created by the 2009 stimulus package, are extended for five year, benefiting some 25 million low...
by Jane Richey | Jan 1, 2013 | Fiscal Responsibility, Health Care
The fiscal cliff deal contains a one-sentence provision that would block a scheduled cost-of-living adjustment for representatives and senators that is due to take place when the continuing resolution under which the federal government is currently operating expires...
