by Jane Richey | Feb 20, 2013 | Fiscal Responsibility, Politics
Flanked by emergency medical personnel, Mr. Obama made his usual threat of Armageddon if automatic spending cuts go forward on March 1. Americans can expect more such melodrama in the coming days, so as a public service we thought we’d break down the...
by Jane Richey | Feb 19, 2013 | Fiscal Responsibility, Politics
Why are major retail chains all over America collapsing? Is the “retail apocalypse” upon us? Well, the truth is that this is just another sign that the U.S. economy is falling apart right in front of our eyes. Incomes are declining, taxes are going up,...
by Jane Richey | Feb 19, 2013 | Fiscal Responsibility, Politics
Federal budget cuts called “sequestration” are scheduled to hit in just 10 days. The sequestration cuts are not perfect—they’re a blunt instrument to cut spending, rather than a deliberative plan that sets priorities, trims entitlements, and cuts other spending. But...
by Jane Richey | Feb 15, 2013 | Constitutionally Limited Goverment, Politics
The recent hike in payroll taxes is dragging down sales for discount retailers like Wal-Mart. With less disposable cash in their wallets, lower-income shoppers have less to spend. The bad news comes on the heels of a lackluster January for the major retailer....
by Jane Richey | Feb 15, 2013 | Fiscal Responsibility, Politics
Senate Majority Leader Harry Reid of Nevada laid out a $110 billion plan on Thursday to replace the sequester with higher taxes on the wealthy, tax revenue from oil derived from tar sands and spending reductions in agriculture subsidies and defense. Half the...
by Jane Richey | Feb 15, 2013 | Fiscal Responsibility, Politics
You’re busy. So busy you barely have time to read these words. So why should you care about the U.S. debt? Does it affect your life? Unfortunately, high government debt is having more of an impact on each of us than we realize. Heritage’s Romina Boccia explains that...
