by Jane Richey | Aug 17, 2012 | Fiscal Responsibility
The money the U.S. government owes to foreign entities rose to a record $5.2923 trillion in June, according to data released by the U.S. Treasury Wednesday afternoon. In May, the U.S. Treasury had owed $5.2581 trillion to foreign entities. On net, in June, the U.S....
by Jane Richey | Jul 6, 2012 | Constitutionally Limited Goverment, Free Markets
The Labor Department said Friday that the unemployment rate was unchanged at 8.2 percent. The economy has added just 75,000 jobs a month in the April-June quarter. That’s one-third of 226,000 a month created in the first quarter. Job creation is also trailing...
by Jane Richey | Apr 18, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
Tuesday lawmakers for the first time began considering specific tax breaks to reduce or otherwise change, laws that allow millions of Americans to avoid taxes while saving for retirement. Tax incentives for employer pensions, 401(k) plans, individual retirement...
by Jane Richey | Mar 10, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
So far in fiscal 2012–which began on Oct. 1–the federal government has borrowed more than $700 billion, according to the official debt numbers posted by the U.S. Treasury. That means that since Oct. 1, the debt has been increasing at a pace of...