Senator Tom Coburn (R-OK) has a radical alternative to raising the debt limit: spend less money. In an amendment introduced last week Senator Coburn proposed saving approximately $120 billion by, “consolidating more than 640 duplicative government programs, cutting wasteful Washington spending, and returning billions of dollars of unspent money.” The …
From the President who brought you unaccountable, constitutionally-questionable czars comes the latest innovation in pass-the-buck leadership: a White House executive commission designed to solve the behemoth of a spending problem plaguing the federal government. Members of Congress have described the commission as a “nothing burger,” a “fig leaf” and “something …
After quietly increasing the federal debt limit from $12.1 trillion to $12.4 on Christmas Eve, the US Senate is beginning debate today on yet another increase. Hoping to avoid making the skyrocketing debt levels an election issue; this time around they want to pass an increase large enough to feed their …
Senate Cloakroom: Analysis: The Senate returns this week after a three-week absence. In the wake of passing an unpopular health care bill, the Senators must now contend with another unpopular issue – increasing the nation’s debt limit by nearly $1 trillion. The debate, which is expected to last into next …
As Congress returns to Washington, the crucial decisions that await lawmakers will have enormous financial ramifications for the country for years to come. House and Senate leaders continue their struggle to land a health care bill on the President’s desk this month, even though proposed legislation would add to the …
Congress doesn’t want you to know it, but they are about to raise the debt limit because they’ve spent the full $12.1 trillion allowed on their taxpayer-funded credit card. They’re hoping you won’t notice because they’re trying to sneak the increase into some other “must-pass” measure, such as the upcoming …
