It seems common sense if money is not used for the purposes it was intended, it would be returned to the treasury and thus not being spent; reduce the total expenditure of the federal government. This would seem doubly so for monies which were appropriated by the federal government for projects controlled by the states, …
It official, the United States has hit its Debt Ceiling today according to Treasury Secretary Timothy Geithner. So what about this august 2 deadline? Geithner has figured out he can stretch the existing Debt Ceiling until then by deferring required payments into various federal retirement funds. While he assures federal retirees that in no way …
Way back in late 1999 (yes it was a long time ago) I became a regular reader of a great website called Voter.com which was a blog style site with prominent contributors from all perspectives mostly discussing the upcoming 2000 presidential election. Now Voter has long since disappeared, replaced by left or right dominated sites …
This past Wednesday I wrote about a letter being circulated by conservative members of the House of Representatives who were signing on the a radical proposal by the republican Study Committee (RSC) to make the increase in the national debt ceiling contingent on spending cuts sufficient to reduce the deficit by 50 percent in the …
Today we see the spectacle of five CEO’s of the major oil companies being marched in front of the klieg lights to be grilled before the Senate Finance Committee. The democrats are demanding the repeal of tax breaks for the Oil and Gas industry to reduce demands for spending cuts to achieve deficit reductions. Some …