by Jane Richey | Aug 14, 2013 | Fiscal Responsibility, Politics
The Treasury Department’s Financial Management Service (FMS), which publishes both the federal government’s official Daily Treasury Statement and its official Monthly Treasury Statement, is reporting that in July the federal government ran a deficit of $98...
by Jane Richey | Aug 5, 2013 | Fiscal Responsibility, Politics
In the wake of America’s manufacturing decline, Detroit enacted policies that drove out businesses and residents. Rather than reduce the size of government as its population shrank, the city instead sought higher levels of government spending. City leaders acquiesced...
by Jane Richey | Jul 30, 2013 | Fiscal Responsibility
According to the Daily Treasury Statement for July 26, which the Treasury released this afternoon, the federal debt has been stuck at exactly $16,699,396,000,000.00 for 70 straight days. That is approximately $25 million below the legal limit of $16,699,421,095,673.60...
by Jane Richey | Jun 18, 2013 | Fiscal Responsibility, Politics
Thanks to a large draw down in the federal government’s cash on hand and to the “extraordinary measures” that the Treasury is currently taking to avoid surpassing the legal limit on the federal debt, the federal deficit and the federal debt actually went in...
by Jane Richey | Jun 17, 2013 | Constitutionally Limited Goverment, Fiscal Responsibility
From the Heritage Foundation: Remember the debt? That $17 trillion problem? Some in Washington seem to think it’s gone away. The Washington Post reported that “the national debt is no longer growing out of control.” Lawmakers and liberal inside-the-Beltway...
