by Jane Richey | Jun 13, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Politics
In 60 seconds, about 13 hours of committee debate and marathon public discussion ended with a whimper when lawmakers tabled Property Tax Independence Act on Monday. The House Finance Committee voted 13 to 11 to table House Bill 1776, or the Property Tax Independence...
by Jane Richey | Jun 13, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets, Politics
The United Nations plans to make its Rio+20 Sustainable Development Conference “the most significant environmental conference in history.” A draft planning and agenda document, “The Future We Want,” marked-up by myriad ultra-liberal NGOs, provides an unvarnished look...
by Jane Richey | Jun 12, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
Some Federal Reserve Bank presidents and governors are talking about the possibility of further action to encourage growth in the economy. What planet are they on? Fed action can only influence nominal variables at this point in the cycle — not real variables such as...
by Jane Richey | Jun 12, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
Ask anyone who owns a business what happens if you borrow and spend more than you take in as revenue. After your listener has a good chuckle, she will undoubtedly tell you that you won’t have that business for very long. Then ask her what happens if the...
by Jane Richey | Jun 12, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets, Politics
The recent recession wiped out nearly two decades of Americans’ wealth, according to government data released Monday, with middle-class families bearing the brunt of the decline. The Federal Reserve said the median net worth of families plunged by 39 percent in just...
by Jane Richey | Jun 12, 2012 | Fiscal Responsibility, Free Markets
A new proposal by Gov. Tom Corbett to give a long-term $1.7 billion state tax break for a planned Marcellus Shale gas petrochemical refinery in southwestern Pennsylvania is a late-emerging issue in the state budget debate. The tax credit proposal for a $4 billion...
