Archive for the ‘taxing borrowing spending’ Category

Balanced Budget Amendment Summary

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              Consensus Balanced Budget Amendment Presidential Requirement to Submit a Balanced Budget Prior to each fiscal year, the President must transmit to Congress a balanced budget that limits outlays to 18 percent of GDP. Requirement to Pass a Balanced Budget With the following limited...

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Appropriations Contender Wants to Cut Costs

Today, House Republicans will decide the chairmanship of the Appropriations Committee – a panel that will take a lead role in reducing the scope of government. At least, that is their stated intention. The three contenders for this key positions are Representatives Jerry Lewis (CA), Hal Rogers (KY), and Jack...

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Senate Considers Earmark Ban

UPDATE: Where does your Senator stand on the earmark ban? Find out at Taxpayers Against Earmarks – and then contact him or her about this important issue! Sarah Palin has also endorsed an earmark ban, and the Wall Street Journal’s Kimberly Strassel explains that this is a no-brainer for Senate...

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Government Employees Fear Pay-Freezes, Layoffs, with GOP Win

A major reason that Congressional Democrats are likely to be defeated en masse tomorrow is that they have recklessly expanded federal spending and hiring. Considering the extraordinary deficits the federal government will incur for the foreseeable future, it only makes sense to look at curbing this expansion. And indeed, that...

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Pence urges no compromise allowing more spending and debt

Rep. Mike Pence, the third ranking Republican in the House, says that the GOP congresses of the past compromised too much. This is a warning to GOP members who are indicating that they are willing to work with the Obama administration to avoid gridlock. Pence, a favorite of many conservative...

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Fannie and Freddie’s tab could cost taxpayers $363 billion

A federal regulator estimates that the bailout of Fannie Mae and Freddie Mac could end up at $363 billion. That number is double the current investment of $148 billion of taxpayer money in these groups. This means that these government backed agencies, after being exempted from financial reform regulations, will...

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Anti-Appropriations Committee May Help Cut Federal Spending

Conservatives are beginning to push the idea of an “anti-appropriations” committee, whose purpose would be to cut wasteful spending out of the federal government. Modeled on the “Byrd Commission” of the 1940′s, the commission would recommend ways to reduce spending that would then be given an up or down vote...

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Texas: Model for Economic Success

The state of Texas led the nation with 119,000 new jobs created from August 2009 to August 2010. The total for the United States as a whole was 214,000, meaning the Lone Star state accounted for over half of the nation’s job growth during this time. The Texas model for...

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Pence Calls for Special Session to Block Tax Increases

As Liberty Central has chronicled, the largest tax increase in American history will take effect on January 1, unless Congress acts to block it. Congress adjourned early this month without voting on the $4 trillion tax increase, promising to address it during a lame duck session. Today, Congressman Mike Pence...

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January 1 Tax Hike Will Hit Families Hardest

More news is coming out daily about the looming tax hikes that will occur on January 1, 2011 unless Congress acts immediately to stop them.  One of today’s articles gives a good overview of several different types of taxes that may impact you and your family. Married couples, and particularly those...

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