by Jane Richey | Dec 8, 2012 | Fiscal Responsibility
The federal budget deficit has reached $292 billion just two months into fiscal 2013, the Congressional Budget Office estimated Friday. That is a fast start for a fiscal year that CBO already predicted will have a deficit of more than $1 trillion — the fifth year in a...
by Jane Richey | Dec 7, 2012 | Fiscal Responsibility
The federal government ran a deficit of $292 billion for the first two months of fiscal year 2013 – October and November 2012 – amounting to $4.8 billion of borrowed money each day. “The federal budget deficit was $292 billion for the first two months of fiscal year...
by Jane Richey | Jul 31, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
What is wrong with the economy? Something is wrong when the GDP expands by only 1.5 percent a year as it did in the second quarter. The problem is that nobody knows. Everyone thinks they know, but F.A. Hayek long ago put that fatal conceit to rest, if only for...