by Jane Richey | Jan 31, 2013 | Constitutionally Limited Goverment, Free Markets
Minutes after New England fishery managers took a vote that cast doubt on the historic industry’s future, the prospects most clear to Gloucester fishermen Paul Vitale were his own. “I’m bankrupt. That’s it,” said the 40-year-old father of...
by Jane Richey | Jan 2, 2013 | Fiscal Responsibility, Politics
Never mind the “fiscal cliff.” America went bankrupt, technically, at midnight on December 31, 2012. We hit the debt ceiling of $16.394 trillion. Yet the U.S. government needs to borrow more money than is legally allowed. So Treasury Secretary Timothy...