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  • U.s. Treasury

    Tax Revenue Rose Five Times Faster Than Spending Fell in 2013

    The monthly Treasury statement of the actual budget figures for 2013 this week shows tax revenue rising five times faster than spending fell in 2013. Taxes revenue climbed by 13.2 percent from $2.45 trillion in 2012 to $2.77 trillion in 2013. Spending, on the other hand, fell by only 2.4 … More

    Administration Jumps the Language Barrier on Burma-North Korea Ties

    To achieve American aims in Burma, a policy is needed that clearly lays out the benchmarks of reform and consequences of Burma’s failure to meet them. Lately, these measurements have been anything but clear. The U.S. Department of the Treasury recently sanctioned Lieutenant General Thein Htay, the head of Burma’s … More

    Geithner to Congress: Happy New Year, We're Maxed Out on Debt

    The government has maxed out its credit card again, mortgaging America’s future with yet more debt. Obama Administration Treasury Secretary Timothy F. Geithner, in a letter to Congress the day after Christmas, said, “I am writing to inform you that the statutory debt limit will be reached on December 31, … More

    New Report Shows Outsourcing Fears Are Misplaced

    While fears of “outsourcing” continue to make headlines, the facts show there is no “giant sucking sound” resulting from dollars fleeing the United States to be invested in other countries. Outsourcing occurs when companies close facilities in the United States and invest in new operations in other countries. Some people … More

    Treasury Admits Cap and Trade is a Massive Tax

    Thanks to the relentless work of Christopher Horner at the Competitive Enterprise Institute, U.S. Department of Treasury admitted cap and trade would be a tax that could generate revenue between $100 billion to $200 billion a year. Horner obtained the information from the Treasury by using the Freedom of Information … More