by Jane Richey | Dec 4, 2012 | Fiscal Responsibility, Politics
From the Heritage Foundation: When President Obama put forth his first offer on the fiscal cliff, House Speaker John Boehner (R-OH) said, “You can’t be serious.” We could say the same thing to the Speaker after his counteroffer yesterday. In a letter signed by House...
by Jane Richey | Dec 3, 2012 | Constitutionally Limited Goverment, Free Markets, Politics
No matter how much the economy might contract as it free falls down the fiscal cliff, this much is true: We now have proof that the U.S. economy is totally — totally — dependent on federal government spending. The sequestration piece of the cliff calls for...
by Jane Richey | Dec 1, 2012 | Fiscal Responsibility, Politics
The real problem is that the “government spending” component of the GDP exceeds government revenues by about a trillion dollars. That’s every year. This means that our GDP is artificially inflated by about one trillion dollars. Make any cuts, which we need to do,...
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 27, 2012 | Fiscal Responsibility, Politics
Washington is in a dither over the fiscal cliff. The cliff consists of roughly $500 billion in tax increases that will occur on January 1, 2013 as the Bush-era tax rates expire, along with almost $100 billion in automatic cuts in government spending resulting from the...
