by Jane Richey | Apr 25, 2013 | Fiscal Responsibility
It is one of the oddest spending habits in Washington: This year, the government will spend at least $890,000 on service fees for bank accounts that are empty. At last count, Uncle Sam has 13,712 such accounts with a balance of zero. They are supposed to be closed....
by Jane Richey | Feb 15, 2013 | Fiscal Responsibility, Politics
Senate Majority Leader Harry Reid of Nevada laid out a $110 billion plan on Thursday to replace the sequester with higher taxes on the wealthy, tax revenue from oil derived from tar sands and spending reductions in agriculture subsidies and defense. Half the...
by Jane Richey | Jan 28, 2013 | Uncategorized
Under recently passed legislation, Congress has until March 1 to agree on deficit reduction, and if it doesn’t, the Defense Department will be forced to cut $55 billion every year through 2021, and the same amount ($55 billion) automatically would be cut in...
by Jane Richey | Dec 13, 2012 | Fiscal Responsibility, Politics
From Congressman Tom McClintock: To understand the federal budget mess and the so-called fiscal cliff, it’s important to remember three numbers: 39, 37 and 64. Thirty nine percent is the combined increase of inflation and population over the last ten years. ...