by Jane Richey | Dec 14, 2012 | Fiscal Responsibility, Politics
This week, President Obama and House Speaker John Boehner (R-OH) have been trading secret offers on the fiscal cliff. Last night, they met for nearly an hour, and emerged with zipped lips about what progress—if any—they made on averting tax hikes across the board and...
by Jane Richey | Dec 14, 2012 | Fiscal Responsibility, Politics
Should Republicans trade tax hikes for spending cuts? Much of the debate over the current fiscal cliff standoff centers around discussions of “ratios”: Republicans will agree to X dollars of tax hikes, Democrats will agree to Y dollars of spending cuts, and so forth....
by Jane Richey | Dec 13, 2012 | Fiscal Responsibility, Politics
Pennsylvania would lose about $300 million in federal money starting in January, said Charles Zogby, Gov. Tom Corbett‘s budget secretary. “The potential impact of going over the ‘fiscal cliff,‘ on every state, is enormous,” Corbett told the Tribune-Review last week....
by Jane Richey | Dec 13, 2012 | Fiscal Responsibility, Politics
Rep. James Lankford (R-Okla.) said that while President Barack Obama is advocating for Clinton-era tax rates on the nation’s top income earners, he “completely ignores Clinton-level spending,” which declined in the 1990s. “The president’s very focused on trying to get...
by Jane Richey | Dec 13, 2012 | Fiscal Responsibility, Politics
The Committee for a Responsible Budget, a bipartisan, non-profit organization, looked at both the proposals offered by President Barack Obama and the House Republican leadership, and found little difference in their results to lower the share of debt to GDP. Obama’s...
by Jane Richey | Dec 13, 2012 | Fiscal Responsibility, Politics
From Congressman Tom McClintock: To understand the federal budget mess and the so-called fiscal cliff, it’s important to remember three numbers: 39, 37 and 64. Thirty nine percent is the combined increase of inflation and population over the last ten years. ...
