by Jane Richey | Feb 5, 2013 | Fiscal Responsibility, Politics
The federal budget deficit will fall to $845 billion in 2013 before rising again over the next decade as an aging population and soaring healthcare costs lead to an explosion in entitlement spending, the Congressional Budget Office reported Tuesday. The budget deficit...
by Jane Richey | Jan 22, 2013 | Fiscal Responsibility, Politics
Congressman Tom Marino (R-10) frustrated with a $17 trillion national debt and President Barack Obama’s unwillingness to compromise on spending cuts, said his proposal is just one step to help dig out of a deep financial hole. “Someone has to be man enough...
by Jane Richey | Aug 13, 2012 | Fiscal Responsibility, Politics
WASHINGTON (AP) — Now that Social Security is paying more in benefits than it collects in taxes, there is a fierce debate among politicians, academics and advocates about whether those shortfalls are adding to the federal budget deficit. The issue is important because...
by Jane Richey | Jul 11, 2012 | Fiscal Responsibility
A fiscal and political crisis in the nearly-broke northeastern Pennsylvania city of Scranton deepened Tuesday as public employee unions sought to have the mayor held in contempt of court after he defied a judge and slashed workers’ pay to minimum wage. Unions...