29 results for search: Reece


Congressman: United States’ economic decline only ‘eight or nine years behind Greece’

House Budget Committee member Rep. Tom McClintock (R-Calif.) during a House Financial Services Committee said the rate of U.S. economic decline is just a few short years away from being in the same boat as Greece, in large part because the U.S. national debt burden comes out to $152,000 per family. The Daily Caller News Foundation has the details: “Every trillion dollars that we go deeper in debt is $8,000 of additional debt per family,” he explained. “And that is not a theoretical number. That is debt you owe just as surely as if it appeared on your credit card statement this month.” The $19 trillion in debt translates to a $152,000 ...

Policy expert: National debt ‘highly problematic’

Romina Boccia, economic-policy-studies research fellow for the Heritage Foundation, in a recent commentary piece warns that our $20 trillion national debt puts our nation in a volatile position. LifeZette has the commentary: Soon the national debt will top $20 trillion. Three-fourths of that has been borrowed from domestic and foreign investors. The rest is money the government has “borrowed” from government trust funds, like Social Security. In total, the gross national debt already exceeds 100 percent of what the economy produces in a given year (GDP) — and taxpayers are on the hook for all of it. This excessive debt is highly problem...

Buchanan: National bankruptcy among ‘existential threats to the republic’

The severity of our national debt – which stands at $19.4 trillion – is being largely ignored by Congress and the media. That has to change. Otherwise, we’re headed off a cliff… The New Hampshire Union Leader has Pat Buchanan’s latest commentary on the issue:   On Sept. 30, the end of fiscal year 2016, the national debt is projected to reach $19.3 trillion. With spending on the four biggest budget items — Medicare, Medicaid, Social Security, defense — rising, and GDP growing at 1 percent, future deficits will exceed this year’s projected $600 billion. National bankruptcy, then, is among the existential threats to the ...

Columnist responds to President Obama’s ‘cult of small government’ comment

Columnist Robert Knight, senior fellow for the American Civil Rights Union, in a recent opinion piece pushes back against a comment President Obama recently made criticizing those comprising “the cult of small government” – in other words, the many Americans that rightly believe in checks and balances and the separation of powers prescribed in our Constitution. The Washington Times has the commentary: If you believe the federal government is too large and powerful, you’re in what our current president calls “the cult of small government.” That’s what he said in a speech last week in Elkhart, Indiana, in which his aim was “to bust ...

Former Senate Budget Committee Chairman: ‘It is still possible to stabilize our debt … so long as we fix our fiscal policy’

Former New Hampshire Governor and former U.S. Senator Judd Gregg in a recent column notes our national debt keeps ticking up, more than doubling from $8 trillion 10 years ago to now more than $18 trillion, and the number will continue to climb with disastrous effect unless our political leaders take decisive action and start trimming the fat. The Hill has the commentary: If we keep on our current spending and deficit path, our debt will have tripled by the midpoint of the next decade. We will have a debt-to-GDP ratio by then that will be in the same ballpark as Greece, Spain and Iceland today. What does this all mean? No one really knows ...

News Briefing for Thursday, May 28

HEALTHCARE: Overhead costs exploding under ObamaCare, study finds “Five years after the passage of ObamaCare, there is one expense that’s still causing sticker shock across the healthcare industry: overhead costs. The administrative costs for healthcare plans are expected to explode by more than a quarter of a trillion dollars over the next decade, according to a new study published by the Health Affairs blog. The $270 billion in new costs, for both private insurance companies and government programs, will be “over and above what would have been expected had the law not been enacted,” one of the authors, David Himmelstein, wrote Wednesday. ...

News Briefing for Monday, May 25

TEA PARTY PATRIOTS: Far left, far right unite on some issues in Congress “…Just last week, the American Civil Liberties Union and the Tea Party Patriots joined forces in a media blitz aimed at forcing Congress to reject a reauthorization of the NSA bulk data collection program. On Wednesday, Republican presidential candidate Rand Paul went to the Senate floor to rail against the NSA in a filibuster-style speech. Sen. Martin Heinrich, a New Mexico Democrat, joined him with a speech of his own. “Given the overwhelming evidence that the current bulk collection program is not only unnecessary but also illegal, we’ve reached a critical turning ...

News Briefing for Thursday, May 7

TEA PARTY PATRIOTS: Tea Party's Jenny Beth Martin Sizes Up Fiorina, Carson, Huckabee “With three new entrants into the Republican presidential field this week, Tea Party Patriots co-founder Jenny Beth Martin gave her thoughts to Newsmax TV on Monday about how each would fare with the tea party wing. "Any of them are going to be better than what we will get with Hillary Clinton," Martin said on "Newsmax Prime." "She is from the past, and it's time for someone who's going to be looking towards the future."…” http://www.bayoubuzz.com/politics/us-politics/item/872135-tea-partys-jenny-beth-martin-sizes-up-fiorina-carson-huckabee GOP Rep. Ron ...

News Briefing for Wednesday, April 29

TEA PARTY PATRIOTS: IRS watchdog finds 6,400 missing Lois Lerner emails “…Tea Party Patriots president Jenny Beth Martin said the news was another development in a "long line of deplorable actions from the Internal Revenue Service against groups who were merely trying to hold their government accountable." "It will be very enlightening to see the content of the emails as (the inspector general) continues the investigation," she said in a statement…” http://www.cnn.com/2015/04/28/politics/irs-watchdog-finds-6400-missing-lois-lerner-emails/index.html     HEALTHCARE: Two in three Obamacare beneficiaries had to repay ...

News Briefing for April 18

HEALTHCARE: Under Obamacare, Competition Is Costly For Consumers “Normally, market competition is good for consumers. More competition generally means competitors are battling each other to lower their prices and/or raise the quality of their goods. But when it comes to Obamacare, the market is working backwards, at least for people receiving health insurance subsidies through the exchanges. The more competitive the marketplace, often the more people have to pay for insurance. How did this happen? The Affordable Care Act, aka Obamacare, created a series of exchanges where people can shop for health insurance if they don’t already receive it from ...