by Jane Richey | Sep 17, 2013 | Fiscal Responsibility, Free Markets, Politics
The Congressional Budget Office released its 2013 long-term budget outlook on Tuesday, stating that “a large and continually growing federal debt …would increase the probability of a fiscal crisis for the United States.” The report says under current...
by Jane Richey | Jul 18, 2013 | Fiscal Responsibility, Politics
Rep. Michele Bachmann (R-Minn.) on Wednesday night said the Treasury Department is lying to Americans about the size of the federal debt since it has not changed significantly for the last few months even though the government continues to borrow. Bachmann cited a...
by Jane Richey | Jan 21, 2013 | Fiscal Responsibility, Politics
During Barack Obama’s first term as president of the United States, the debt of the federal government increased by $5.8 trillion, which exceeds the combined debt accumulated under all presidents from George Washington through Bill Clinton. The new federal debt...
by Jane Richey | Dec 18, 2012 | Fiscal Responsibility, Politics
Under the leadership of House Speaker John Boehner (R.-Ohio), the 112th House of Representatives has thus far approved legislation that has increased the debt of the federal government by $2,176,949,774,695.46—or approximately $18,944 for per American household. The...
by Jane Richey | Aug 27, 2012 | Fiscal Responsibility, Politics
The federal government’s debt could hit an unprecedented $16 trillion this week while the Republican Party is holding its national convention in Tampa, Fla. On Monday afternoon, at the opening of the convention. the Republicans will try to draw attention to the...
