by Jane Richey | Jan 1, 2013 | Fiscal Responsibility, Politics
The Senate deal to avoid the “fiscal cliff” will add roughly $4 trillion to the deficit when compared to current law, according to new numbers from the Congressional Budget Office (CBO). The CBO determined Tuesday that the package, hammered out late Monday...
by Jane Richey | Nov 27, 2012 | Fiscal Responsibility, Politics
he U.S. Treasury increased the net debt of the United States $24,327,048,384.38 on the day after Thanksgiving, which equals approximately $211.69 for each of the nation’s 114,916,000 households. At the close of business last Wednesday, according to the Treasury, the...
by Jane Richey | Nov 8, 2012 | Fiscal Responsibility, Politics
Congressional Budget Office officially reported on Wednesday that the federal budget deficit in fiscal 2012 (which ended on Sept. 30) topped a trillion dollars for the fourth straight year even though federal taxes paid by individuals increased by 4 percent during the...
by Jane Richey | Oct 8, 2012 | Fiscal Responsibility, Politics
The Congressional Budget Office (CBO) reported that the federal budget deficit has exceeded $1 trillion for the fourth year in a row, coming in at $1.1 trillion in fiscal year 2012 – or 7.0 percent of the economy. “The federal government’s fiscal year 2012 has come to...
by Jane Richey | Sep 20, 2012 | Fiscal Responsibility, Free Markets, Politics
Twenty years ago, when Democrats tried to oust an incumbent Republican president from office, they questioned his economic stewardship. Vice presidential candidate Al Gore famously bellowed: “Everything that ought to be down is up, and everything that should be up is...