by Jane Richey | May 24, 2012 | Fiscal Responsibility, Politics
The typical American household would have paid nearly all of its income in taxes last year to balance the budget if the government used standard accounting rules to compute the deficit, a USA TODAY analysis finds. Under those accounting practices, the government ran...
by Jane Richey | May 15, 2012 | Fiscal Responsibility, Politics
Sen. Ron Johnson (R-Wis.) accused President Obama of seriously misleading the American public on deficit reduction. Johnson said Obama has repeatedly made unrealistic promises on how much of the deficit he could reasonably cut. “In 2009, largely because of the...
by Jane Richey | May 2, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
Sunday marked the three-year anniversary since the Senate last passed a budget. April 29 was the record 1,096th day without a federal budget since passing a budget was required by law in 1974. Normally, each house of Congress passes its own budget, reconciles the...
by Jane Richey | Apr 30, 2012 | Constitutionally Limited Goverment, Politics
A federal government that is $15.6 trillion in debt is currently using its “bully pulpit” to run 16 different programs to teach citizens “financial literacy,” according to the Government Accountability Office, the accounting agency of the U.S. Congress. Previously,...
by Jane Richey | Apr 18, 2012 | Fiscal Responsibility, Politics
In the 39 months since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56. Although he has served less than a term, Obama is now the first American president to see the federal...
