by Jane Richey | Oct 22, 2013 | Fiscal Responsibility, Politics
Congressional Democrats want Republicans to sign off on $50 billion worth of tax increases to eliminate the sequester’s automatic spending cuts. The next phase of these cuts will take effect Jan. 15, when government funding will drop from $986 billion to $967 billion....
by Jane Richey | Dec 5, 2012 | Fiscal Responsibility, Politics
If Congress allows current laws signed by President Barack Obama to stand and follows the fiscal path they have set for the next decade, federal tax revenues will rise to a record level as a percentage GDP, according to the Congressional Budget Office, but annual...
by Jane Richey | Jul 16, 2012 | Fiscal Responsibility, Politics
Historically, federal budgets have been about taking a lot of numbers that already exist — i.e., the baseline — and adding to them a bunch of new numbers that reflect the administration’s or Congress’s wish list. This is put into a large book that ignores entitlements...
by Jane Richey | May 21, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Politics
It has been more than three years since the U.S. Senate last passed a budget. The last time Senate Majority Leader Harry Reid fulfilled his legal responsibility, Conan was still on NBC, Tea Parties hadn’t come together, and the iPad hadn’t yet been introduced. There...
by Jane Richey | Apr 23, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
The General Services Administration blew through $820,000 in taxpayers’ money in a lavish ”team building” trip to Las Vegas, and President Barack Obama is “apoplectic” at the news, according to the president’s campaign advisor, David Axelrod. Obama, he says, has...