GDP Fell in the Fourth Quarter of 2012
The Department of Commerce made news Wednesday by announcing the first quarterly decline in gross domestic product (GDP) since the recession ended in 2009. As… Read More
Phil Mickelson and His Tax Bogey
Professional golfer Phil Mickelson, one of California’s many but dwindling wealthy, apparently carded a bogey when he intimated over the weekend that the near 60… Read More
Morning Bell: “Default” Is a Red Herring in Debt Ceiling Debate
Yesterday, President Obama accused his opposition in Congress of threatening to “default” on America’s loans in order to make a political point. I am not… Read More
Hurricane Sandy Relief: Washington’s Latest Spending Spree (VIDEO)
The U.S. House returns Tuesday to consider the latest installment of Hurricane Sandy disaster aid. The $17 billion base bill (H.R. 152) could grow by an… Read More
WATCH: Google+ Hangout on the Sandy Relief Bill
Last week, Congress passed a $9 billion Sandy relief bill, but they are also considering a supplemental $51 billion aid package that is loaded with… Read More
WATCH: Google+ Hangout on the Fiscal Cliff Deal
Late at night on New Year’s Eve, when most people were out celebrating, the Senate was in session passing a “fiscal cliff” bill. On New… Read More
Morning Bell: Tax Hikes to Start the New Year
While you were sleeping—or ringing in 2013—the Senate voted to raise taxes. After missing the midnight deadline, Congress and the President have technically sent the… Read More
5 New Year’s Resolutions for Congress in 2013
While many Americans resolve to make 2013 the year they really do slim down, exercise more, and spend less, Congress could afford to commit to… Read More
GAO Cites Waste in U.S. Food Aid Programs—But Does Not Call for Budget Cuts
Senator Tom Coburn (R–OK) and others in Congress have repeatedly expressed concerns about “fragmentation, overlap, and duplication” in non-emergency food aid programs administered by the… Read More
Obama Fiscal Cliff Plan Silent on Payroll Tax Cut
This time last year President Obama said of the pending expiration of the payroll tax cut, “It may be that there’s [sic] some folks in… Read More
