by Jane Richey | Nov 27, 2012 | Fiscal Responsibility, Politics
Signaling the importance of pension changes in the coming months, the Corbett administration released a detailed report Monday warning of steep budget cuts if a way is not found swiftly to rein in public-pension spending. The 19-page report labeled...
by Jane Richey | Nov 27, 2012 | Fiscal Responsibility, Politics
Washington is in a dither over the fiscal cliff. The cliff consists of roughly $500 billion in tax increases that will occur on January 1, 2013 as the Bush-era tax rates expire, along with almost $100 billion in automatic cuts in government spending resulting from the...
by Jane Richey | Nov 27, 2012 | Fiscal Responsibility, Politics
he U.S. Treasury increased the net debt of the United States $24,327,048,384.38 on the day after Thanksgiving, which equals approximately $211.69 for each of the nation’s 114,916,000 households. At the close of business last Wednesday, according to the Treasury, the...
by Jane Richey | Nov 26, 2012 | Fiscal Responsibility, Politics
Billionaire Warren Buffett, always popular among Democratic redistributionists, says he wants a “minimum tax” on the very rich. Never mind that we already have one, and that what he proposes would hurt both the economy and the middle class. The third...
by Jane Richey | Nov 26, 2012 | Fiscal Responsibility, Politics
The economy’s “new normal” is decidedly new, but certainly not normal. Statistic after statistic attests to the simultaneous downshifting of America’s economy and our expectations with it. Only by comparison can we put the current economy into...
by Jane Richey | Nov 21, 2012 | Fiscal Responsibility, Politics
Over the past several weeks, the overall stock market has resembled a roller coaster — down up, down up and then a quick drop. That is the case no matter which major market index we look at. The only real difference among the Dow Jones industrial average, the S&P...
