By Skip Robinson Ph.D. The U. S. Congressional Supercommittee fell from the sky in flames. (Not that it was any great surprise.) It could not reach its goal to manage a bipartisan agreement for $1.2 trillion or more in new revenues and cuts – which could have significantly begun to flag the lowering of the […]
By Donna Cooper | February 22, 2011 House leaders are unfortunately restricting their proposed budget cuts for the remainder of fiscal year 2011 to nonsecurity discretionary spending in an attempt to tame a $1.3 trillion deficit. This approach is especially shortsighted since the Federal Treasury loses twice as much revenue due to tax breaks than […]
Aletho News | February 25, 2010 Obama’s provision of $54 billion in loan guarantees to the nuclear industry will cost Americans much more than the probable 50% default rate that the Congressional Budget Office anticipates. While the federal government will guarantee the profits of investors, rate payers will suffer the inevitable rate hikes. Higher electric […]