by Jane Richey | Jan 15, 2013 | Constitutionally Limited Goverment, Fiscal Responsibility, Politics
Explaining why he has no choice but to demand an increase in the legal limit on the national debt, President Barack Obama said at a Monday press conference that Congress orders him to spend money. “This is a matter of Congress authorizes spending,” Obama said. “They...
by Jane Richey | Jan 13, 2013 | Fiscal Responsibility, Politics
The Obama administration said on Saturday that it will not mint a trillion-dollar platinum coin to sidestep the debt ceiling. “Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of...
by Jane Richey | Jan 10, 2013 | Constitutionally Limited Goverment, Fiscal Responsibility, Politics
The chief executive of the U.S. Chamber of Commerce on Thursday said the “exploding national debt” is the greatest threat to the U.S. economy. U.S. Chamber chief Tom Donohue called for Washington to reach a broad deal to rein in deficits in the coming months, while...
by Jane Richey | Jan 1, 2013 | Fiscal Responsibility, Politics
Here’s a roundup— Unemployment benefits are extended for an additional year benefiting approximately 2 million out of work Americans. Tax credits for college tuition, created by the 2009 stimulus package, are extended for five year, benefiting some 25 million low...
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...