by Jane Richey | Jan 3, 2013 | Fiscal Responsibility, Politics
The U.S. Senate voted 89-8 to approve legislation to avoid the fiscal cliff despite having only 3 minutes to read the 154-page bill and budget score. Multiple Senate sources have confirmed to CNSNews.com that senators received the bill at approximately 1:36 AM on Jan....
by Jane Richey | Jan 2, 2013 | Fiscal Responsibility, Politics
The president, the House speaker, the Senate majority and minority leaders and, for that matter, Mitt Romney all have done the nation a major disservice by focusing almost exclusively on taxes for the top 1 percent or 2 percent of income earners for the past six...
by Jane Richey | Jan 2, 2013 | Fiscal Responsibility, Politics
Every Republican and Democrat who represents Pennsylvania in the U.S. House or Senate this week voted in favor of a deal to avert the so-called ‘fiscal cliff.’ The package allows Bush-era tax cuts to expire for individuals making more than $400,000 and families making...
by Jane Richey | Jan 2, 2013 | Fiscal Responsibility, Politics
Representative Nancy Pelosi (D-CA) called it “a happy start to a new year.” That probably tells you all you need to know about the fiscal cliff deal that passed the House last night. The bill—which President Obama has promised to sign, though he took off for Hawaii...
by Jane Richey | Jan 2, 2013 | Fiscal Responsibility, Politics
Never mind the “fiscal cliff.” America went bankrupt, technically, at midnight on December 31, 2012. We hit the debt ceiling of $16.394 trillion. Yet the U.S. government needs to borrow more money than is legally allowed. So Treasury Secretary Timothy...