Fiscal Policy
The debt ceiling and budget deal has passed the House, with Congressmen James Langevin and David Cicilline both voting in favor. Keith Hennessy has a good summary of what’s contaned in the deal, available here (h/t Instapundit).
Kathryn Jean Lopez of National Review Online has posted an outline of a debt ceiling and budget process deal that Speaker of the House John Boehner sent to the Republican caucus this evening.
This is very likely going to be a memorable week in the history of self-government and public finance. In addition to the Federal debt-ceiling issue which needs to be resolved by Tuesday in order for the Federal government to be able to keep paying everything it owes without resorting to various less-than-scrupulous financial gimmicks, the…
Various sources tweeting from Captiol Hill are saying there will be no debt ceiling vote tonight.Robert Costa from National Review Online: Top GOP member confirms no vote tonight, still working on whip count and changes. Weary mood among leadership. Not lost, but no slam dunkHowever, there’s some kind of activity with the House Rules committee…
0. Just like any other organization, the Federal Government is subject to laws of economics, probability and mathematics that it can’t change. 1. Every organization, including the Federal Government has a cash flow, related to but different from an annual summation of revenues and expenditures. For example, your local bridge club may have $600 in…
The Republican “Cut, Cap and Balance” plan for addressing the tendency of government budgets to increase towards infinity passed the House yesterday. President Obama has said he would veto at least an earlier version, and Rhode Island Representatives James Langevin and David Cicilline both voted against it. Title I of the bill is the cut,…
At the conclusion of the Providence Republican City Committee’s event on “Rhode Island Rising Pension Tide” last Thursday, I was able to ask presenter Gary Morse (no relation) a few questions about specific numbers and predictions for the future. Question: I’ve heard the claim made the pensions are superior to 401(k)-type plans, because aggregating all…
This staggering item stands out from Mark Steyn’s (characteristically excellent) column of today. When the 44th president took office, he made a decision that it was time for the already unsustainable levels of government spending finally to break the bounds of reality and frolic and gambol in the magical fairy kingdom of Spendaholica: This year,…
At a forum sponsored last evening by the Providence Republican City Committee, Gary Morse (no relation), the primary advisor to 2010 Republican Gubernatorial candidate John Robitaille on the subject of pension issues, delivered a talk titled “Rhode Island’s Rising Pension Tide”. The Providence Republicans promised that this would be a non-partisan forum, and Mr. Morse…
Good evening. I will be liveblogging the presentation being made by Gary Morse (no relation) this evening on the subject of Rhode Island’s pension problems, sponsored by the Providence City Republican Committee… Gary Morse speaking: Rhode Island is number 50 in unfunded pension liability. Mr. Morse wants to dispel the notion of the greedy state…
