by Jane Richey | Jan 1, 2013 | Fiscal Responsibility, Politics
The Senate deal to avoid the “fiscal cliff” will add roughly $4 trillion to the deficit when compared to current law, according to new numbers from the Congressional Budget Office (CBO). The CBO determined Tuesday that the package, hammered out late Monday...
by Jane Richey | Dec 5, 2012 | Fiscal Responsibility, Politics
If Congress allows current laws signed by President Barack Obama to stand and follows the fiscal path they have set for the next decade, federal tax revenues will rise to a record level as a percentage GDP, according to the Congressional Budget Office, but annual...
by Jane Richey | Nov 26, 2012 | Fiscal Responsibility, Politics
The economy’s “new normal” is decidedly new, but certainly not normal. Statistic after statistic attests to the simultaneous downshifting of America’s economy and our expectations with it. Only by comparison can we put the current economy into...
by Jane Richey | Nov 8, 2012 | Fiscal Responsibility, Politics
Congressional Budget Office officially reported on Wednesday that the federal budget deficit in fiscal 2012 (which ended on Sept. 30) topped a trillion dollars for the fourth straight year even though federal taxes paid by individuals increased by 4 percent during the...
by Jane Richey | Nov 2, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Politics
President Barack Obama said on October 15 that “we got back every dime we used to rescue the financial system.” According to the Congressional Budget Office, however, the government will lose about $24 billion on the bailout. “We got back every dime we used to...
