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...
by Jane Richey | Aug 13, 2012 | Constitutionally Limited Goverment, Politics
For nearly three decades Social Security produced big surpluses, collecting more in taxes from workers than it paid in benefits to retirees, disabled workers, spouses and children. The surpluses also helped mask the size of the budget deficit being generated by the...
by Jane Richey | Jul 11, 2012 | Fiscal Responsibility, Politics
Both President Barack Obama and Republican presidential candidate Mitt Romney have recently said they would like to balance the federal budget. However, according to data publishedby Obama’s own White House Office of Management and Budget, accomplishing that goal at...
by Jane Richey | Jul 10, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
The estimated federal budget deficit for the first nine months of fiscal 2012 is $66 billion lower than for the corresponding period in 2011, the non-partisan Congressional Budget Office said Monday. The deficit through June is estimated to be $905 billion, down from...
by Jane Richey | Jun 14, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
State Senator John Blake’s bill would give 65 counties the option of levying a 1 percent sales tax in addition to the current 6 percent state sales tax. Philadelphia and Allegheny County already have a local sales tax. Under the bill, the sales tax revenue would...