by Jane Richey | Dec 9, 2012 | Fiscal Responsibility
From Senator Jeff Sessions office: … spending on federal welfare benefits, if converted into cash payments, equals enough to provide $30.60 per hour, 40 hours per week, to each household living below poverty. The median household hourly wage is $25.03. After...
by Jane Richey | Dec 8, 2012 | Fiscal Responsibility
The federal budget deficit has reached $292 billion just two months into fiscal 2013, the Congressional Budget Office estimated Friday. That is a fast start for a fiscal year that CBO already predicted will have a deficit of more than $1 trillion — the fifth year in a...
by Jane Richey | Dec 7, 2012 | Fiscal Responsibility
The federal government ran a deficit of $292 billion for the first two months of fiscal year 2013 – October and November 2012 – amounting to $4.8 billion of borrowed money each day. “The federal budget deficit was $292 billion for the first two months of fiscal year...
by Jane Richey | Dec 5, 2012 | Fiscal Responsibility, Politics
If Congress allows current laws signed by President Barack Obama to stand and follows the fiscal path they have set for the next decade, federal tax revenues will rise to a record level as a percentage GDP, according to the Congressional Budget Office, but annual...
by Jane Richey | Dec 5, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets, Politics
For the Democrats, the policy imperative now is the consolidation and defense of the liberal welfare state, and especially its defense from the consequences of its own fiscal collapse. With Obamacare enacted, they are basically done building. They might dream of...
by Jane Richey | Dec 5, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets, Politics
Ronald Reagan, who was then a movie actor, delivered one of the greatest and most prophetic speeches of the 20th century, when he appeared before the Orange County Press Club on July 28, 1961. Vital Speeches of the Day later published the full text under the headline,...
