by Jane Richey | Feb 14, 2013 | Fiscal Responsibility, Politics
In his State of the Union address, President Barack Obama described the upcoming sequestration cuts as “sudden, harsh, arbitrary cuts,” claiming they would “devastate” important government functions and cost “hundreds of thousands of jobs.” However, according to...
by Jane Richey | Feb 13, 2013 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets, Politics
President Barack Obama’s proposal to raise the minimum wage to $9 an hour from the current $7.25 would harm the economy, some Republicans said Tuesday after the State of the Union address. “If you raise the minimum wage, the inevitable effect will be, number one,...
by Jane Richey | Feb 13, 2013 | Fiscal Responsibility, Politics
Congressional Budget Office Director Douglas Elmendorf said that unless Congress gets the federal budget under control, stimulus spending policies will be a “drag” on the economy in the future as the government struggles to pay the increased debt. “If cuts in taxes or...
by Jane Richey | Feb 13, 2013 | Fiscal Responsibility, Politics
In President Obama’s most expensive and widest ranging State of the Union Address yet, his proposals weighed in at $83.4 billion worth of quantifiable agenda items, according to National Taxpayers Union Foundation’s (NTUF’s) annual line-by-line analysis of the...
by Jane Richey | Feb 11, 2013 | Fiscal Responsibility, Politics
The White House on Sunday stepped up pressure on Republicans to adopt a short-term budget patch that would cancel the $85 billion in spending “sequesters” due on March 1, saying that government spending is still needed to prop up a stubbornly sluggish economy. Late...
by Jane Richey | Feb 11, 2013 | Constitutionally Limited Goverment, Politics
According to the Government Accountability Office (GAO), 35 percent of major federal regulations – those with at least $100 billion in annual economic impact – were issued without a public notice from 2003 to 2010. The GAO also said that 44 percent of non-major...
