Posts Tagged ‘Congress’

Obamacare Exemptions: “The Rules Don’t Apply to Us”


Thursday May 2nd, 2013   •   Posted by Cherylyn LeBon at 9:43am PDT   •   6 Comments

Last week it was revealed that secret negotiations were happening on Capitol Hill between House and Senate leadership regarding a key requirement of Obamacare—that members of Congress and their staff purchase healthcare coverage through insurance exchanges. Republicans slammed the Democrats for trying to create a special exception for themselves in the President’s landmark health…
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High-Maintenance Ruling Class


Wednesday February 27th, 2013   •   Posted by K. Lloyd Billingsley at 10:29am PST   •   3 Comments

As Thomas Sowell has pointed out, politicians like to spend money on government pensions, for obvious reasons. It reinforces their professional ruling-class status, they are spending other people’s money on themselves, and the spending comes down the line in the future. But in a lingering recession and shrinking economy, articles like this are starting…
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New Day of Reckoning


Friday July 1st, 2011   •   Posted by Emily Skarbek at 6:00am PDT   •   2 Comments

The White House is now reporting that the debt day is approaching faster than expected. August 2nd was the cut-off date for negotiating a deal, but now Congress must agree to a deficit-reduction deal by July 22 to avoid hitting the limit. Meanwhile, Republicans and Democrats are deadlocked in opposing positions. Included in one…
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The Congressional Circus Over Federal “Cuts” Is Squabbling Over Nothing


Wednesday April 6th, 2011   •   Posted by David Theroux at 6:08pm PDT   •   1 Comment

In a new article, “How Can Anyone Take This Seriously?”, Independent Institute Research Editor Anthony Gregory slams the absurd squabbling in Congress over 2% of the federal deficit while the U.S.’s gigantic spending and debt crisis plunges onward. The U.S. is running deficits somewhere between one and one and a half trillion dollars, and…
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Will Disaster-Ravaged Japan Now Sell Off $886 Billion of U.S. Debt?


Friday March 25th, 2011   •   Posted by David Theroux at 5:42pm PDT   •   0 Comments

Seth McLaughlin at the Washington Times reports in “Fears rise that Japan could sell off U.S. debt” of the growing concerns that the earthquake, tsunami, and nuclear disasters and now economic crisis in Japan could trigger a major sell-off of there of its huge holdings of U.S. government debt. As of January, Japan is…
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58% Favor Government Shutdown Until Spending Cuts Are Agreed Upon and 61% Want Cuts


Monday February 28th, 2011   •   Posted by David Theroux at 8:36am PST   •   4 Comments

Rasmussen Reports has released a new poll indicating that 58% of likely American voters prefer a partial shutdown of the U.S. government “until Democrats and Republicans can agree on what spending to cut” and 61% want less spending. As Republicans and Democrats in Congress haggle over the budget, most voters would rather have a…
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U.S. National Debt Hits New Record High of $14 Trillion


Tuesday January 4th, 2011   •   Posted by David Theroux at 8:36pm PST   •   2 Comments

According to CBS News, on the last day of 2010 the U.S. National Debt hit a record level of more than $14 trillion or $14,025,215,218,708.52, up from $9 trillion just over three years ago and a whopping 55% increase since just before 2008. As the report states: It took just 7 months for the…
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Government by Commerce Clause


Thursday December 2nd, 2010   •   Posted by William J. Watkins Jr. at 2:27am PST   •   1 Comment

Are there any limits to the federal government’s power to regulate commerce? U.S. District Judge Henry Hudson has promised a decision on this issue before the end of this year. Judge Hudson is presiding over the Commonwealth of Virginia’s challenge to the Patient Protection and Affordable Care Act (better known as Obamacare), which forces…
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U.S. Begins Yet Another Fiscal Year Without a Budget


Monday October 4th, 2010   •   Posted by Randall Holcombe at 3:49am PDT   •   1 Comment

October 1 is the beginning of the federal government’s 2011 fiscal year. Congress has not passed a budget, and it appears likely that one won’t be passed until January. The government that wants to take over and run your health care (and other aspects of your life) can’t even pass its own budget. One…
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Is Democratic Reform of Deficit Finance Possible?


Friday September 3rd, 2010   •   Posted by Emily Skarbek at 12:34pm PDT   •   0 Comments

For many, economic logic and application to a wise management of finances is a chore considered best left to the “professionals”. After all, crunching numbers given the vast array of rules and regulations can be taxing (pardon the pun). However, debt finance is a particular economic subject that can be easily understood and just…
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