Posts Tagged ‘John Boehner’


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Inside a Bad Debt Deal


Tuesday October 27th, 2015   •   Posted by Craig Eyermann at 10:15pm PDT   •   0 Comments

In 2011, U.S. House of Representatives Speaker John Boehner realized the most significant achievement of his entire career in the U.S. Congress when he reached a deal with the White House to restrain the growth of U.S. government spending: the Budget Control Act of 2011. Here, using the leverage of the threat of not…
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A Secret Debt Reduction Blueprint


Saturday July 9th, 2011   •   Posted by Craig Eyermann at 11:21am PDT   •   1 Comment

Despite not having taken any action to pass an annual budget for the United States government of any kind for almost two and a quarter years, it appears that the current majority Democratic Party in the Senate may finally have developed a blueprint for the federal budget, one that even promises to reduce the…
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House Rejects Raising National Debt Ceiling from $14.3 to $16.7 Trillion


Saturday June 4th, 2011   •   Posted by David Theroux at 7:01pm PDT   •   3 Comments

In the Washington Post, Lori Montgomery and Paul Kane report that with strong public support and White House opposition, the “House rejects proposal to raise debt ceiling” by voting down a measure that would raise the national debt ceiling by 16.8% from the current $14.3 trillion to a whopping $16.7 trillion. With an August…
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Obama’s Answer to Higher Gasoline Prices: Raise Taxes


Tuesday April 26th, 2011   •   Posted by David Theroux at 6:43pm PDT   •   0 Comments

Gasoline prices have continued to rise now for 35 straight days. Gas pump prices have climbed for 35 straight days even though industry surveys show Americans have started to drive less. The national average rose by a penny to hit $3.87 per gallon on Tuesday, more than a dollar higher than it was last…
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Why Washington Only Cut $38 Billion from Federal Spending


Saturday April 23rd, 2011   •   Posted by David Theroux at 5:12pm PDT   •   3 Comments

In the following, insightful, new video, Independent Institute Research Fellow Benjamin Powell reveals “Why Washington only cut $38 billion” recently from federal spending because as public choice economics shows, special interests prevail over the average citizen by utilizing the political process to redistribute wealth and power from the many to the few (and costs…
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John Stossel: “Are politicians serious about spending cuts?”


Friday January 14th, 2011   •   Posted by David Theroux at 2:04pm PST   •   2 Comments

In his new column syndicated by Creators Syndicate, “Are politicians serious about spending cuts?”, John Stossel asks the key question about whether Washington is really going to address the gigantic, federal government spending and debt crisis that continues to mount: Last year, I reported that the United States fell from sixth to eighth place…
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U.S. Debt $130 Trillion; Global GDP and Money Supply Both $60 Trillion?


Saturday September 11th, 2010   •   Posted by David Theroux at 8:32pm PDT   •   1 Comment

Kevin Williamson at National Review has further discussed his June 2010 projections of total long-term, U.S. national debt being $130 trillion. In a 2008 Forbes article, economist Laurence Kotlikoff had more conservatively estimated the debt to be $70 trillion. What Williamson points out now though is that both the total, money supply of the…
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