by Jane Richey | Feb 6, 2013 | Fiscal Responsibility, Health Care
The Congressional Budget Office is offering a bleak picture of the exponential growth of entitlement spending over the next decade, stating that 53% of all federal spending in that time, amounting to $24.9 trillion, will be due to entitlements and Obamacare. n its...
by Jane Richey | Jan 22, 2013 | Constitutionally Limited Goverment, Fiscal Responsibility, Politics
President Barack Obama seemed to reject entitlement reform in his second Inaugural address Monday, even saying Medicare, Medicaid and Social Security “free us to take the risks that make this country great.” “We must make the hard choices to reduce the cost of health...
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 | Dec 1, 2012 | Fiscal Responsibility, Politics
The real problem is that the “government spending” component of the GDP exceeds government revenues by about a trillion dollars. That’s every year. This means that our GDP is artificially inflated by about one trillion dollars. Make any cuts, which we need to do,...
by Jane Richey | Jul 31, 2012 | Uncategorized
Social security is about to go belly up, financially speaking. And at the head of this crisis is a demographic disproportion: there are simply too few young people coming into the workforce to support the increasing numbers of elderly baby boomers who are retiring. In...
