by Jane Richey | Nov 30, 2012 | Fiscal Responsibility, Politics
President Obama made his first offer to congressional Republicans yesterday in negotiations over the “fiscal cliff”—an economic catastrophe of tax hikes just a few weeks away. The White House’s proposal? $1.6 trillion in tax increases, $50 billion in new stimulus...
by Jane Richey | Nov 30, 2012 | Uncategorized
House Minority Leader Nancy Pelosi (D-Calif.) said on Friday that Congress should hand over to President Barack Obama the power to unilateral increase the limit on the U.S. government’s debt. In effect, under the plan Pelosi is endorsing, the only limit on the...
by Jane Richey | Jun 12, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
Ask anyone who owns a business what happens if you borrow and spend more than you take in as revenue. After your listener has a good chuckle, she will undoubtedly tell you that you won’t have that business for very long. Then ask her what happens if the...
