by Jane Richey | Jul 12, 2012 | Fiscal Responsibility
From John Goodman: Worried by reports of escalating federal debt, I sought out an answer the other day to this question: How much do we as taxpayers actually owe because of commitments politicians have made on our behalf? Turns out, the answer is not as simple as you...
by Jane Richey | Jun 6, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
Federal debt will double by the middle of the next decade and reach more than twice the size of the entire U.S. economy by 2037 unless Congress changes course on taxes and spending, the Congressional Budget Office said in its latest analysis Tuesday. The CBO said it’s...
by Jane Richey | Apr 18, 2012 | Fiscal Responsibility, Politics
In the 39 months since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56. Although he has served less than a term, Obama is now the first American president to see the federal...
by Jane Richey | Mar 10, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
So far in fiscal 2012–which began on Oct. 1–the federal government has borrowed more than $700 billion, according to the official debt numbers posted by the U.S. Treasury. That means that since Oct. 1, the debt has been increasing at a pace of...