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 …
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 …
In a report today by Erik Wasson in The Hill, he reports that the Republican Study Committee, the caucus representing over 175 Conservative Republicans in the House of Representatives is making a truly radical set of demands in exchange for increasing the Debt Ceiling which will be required in the next couple of months. The …
A Conservative's Musings on All Things Political 