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 …
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 …