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deficit spending News

Op-Ed: House mites versus White House plight

Washington - President Barack Obama recently allowed public tours of the White House to be cancelled as part of the cuts deemed necessary by sequester legislation that he signed.

Alberta Budget: No new taxes or tax increases; but borrowing

Edmonton - The Alberta government tabled its 2013 budget. A budget depicted as a "watershed" budget, contained no new taxes or tax increases, but will borrow $12.7 billion for capital projects over the next three years. The operational expense is $36.4 billion.

Republicans call Barack Obama's bluff on Sequestration

Washington - Democrats and much of the mainstream media have dogged Republicans for their efforts to control Washington’s out-of-control deficit spending for years.

Op-Ed: Fiscal cliff is just a catchy political phrase

Tuesday, newly re-elected U.S. President Barack Obama offered a familiar $1.6 trillion tax-and-spend proposal to prevent the country from going over what the White House, Democratic Senate leaders and a complicit press characterize as a “fiscal cliff."

Federal law forces textile layoffs in favor of prison labor

Fayette - American Power Source, an American Apparel subsidiary, makes military clothing in Fayette, Ala., but when its contract is up, Federal Prison Industries (FPI) also known as UNICOR, will get the work, replacing private industry workers with inmates.

Op-Ed: The slow, nitpicking death of America — Time to appoint receivers

Washington - If the United States were a corporation, it would have been in receivership since about March 2008. Creditors would have decided that the big, dumb, nuclear-armed Mom and Pop shop didn’t know how to trade its way out.

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