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 | 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 | 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
President Barack Obama said: “Since I’ve been president, federal spending has risen at the lowest pace in nearly 60 years.” And then he said, “Think about that. I went to the White House website to see what sort of historical light the data...
by Jane Richey | Jun 5, 2012 | Fiscal Responsibility, Free Markets
U.S. debt is on track to be nearly twice the size of the U.S. economy by 2037, the nonpartisan Congressional Budget Office (CBO) warned Tuesday. The new CBO report states that increased entitlement spending driven by the retirement of the baby boomers and insufficient...