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 13, 2012 | Fiscal Responsibility, Politics
The Committee for a Responsible Budget, a bipartisan, non-profit organization, looked at both the proposals offered by President Barack Obama and the House Republican leadership, and found little difference in their results to lower the share of debt to GDP. Obama’s...
by Jane Richey | Dec 10, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Politics
PA Congressman Chaka Fattah introduces bill giving the President the authority to raise the debt ceiling as necessary: The “Ending Fiscal Cliffs” act would allow President Obama to raise the debt ceiling unilaterally, a move that has been talked about all week as a...
by Jane Richey | Dec 8, 2012 | Fiscal Responsibility
The federal budget deficit has reached $292 billion just two months into fiscal 2013, the Congressional Budget Office estimated Friday. That is a fast start for a fiscal year that CBO already predicted will have a deficit of more than $1 trillion — the fifth year in a...
by Jane Richey | Nov 14, 2012 | Fiscal Responsibility, Politics
Last week, Boehner proposed raising “revenues,” but not “rates”–the same position he took during negotiations on raising the debt ceiling in the summer of 2011. Then, Boehner had agreed on raising revenues by $800 billion–all...