Tag Archives: us debt

Steyn: Trillion-Dollar-Coin Fever

I was out of the country for a few days and news from this great republic reached me only fitfully. I have learned to be wary of foreign reporting of U.S. events, since America can come off sounding faintly deranged. Much … Continue reading

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Death of Tea Party appears exaggerated, members in House appear to hold key fiscal vote (2)

The Tea Party has had an up-and-down political ride since the movement helped Republicans take control of the House in 2010, but those elected in the midterm elections still appear to wield considerable power in the fiscal negotiations. The roughly … Continue reading

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No Fiscal Cliff Deal Could Cause Jails To Release Inmates

EUGENE, Ore. (AP) — A scenario that police in western Oregon feared came true in the thick of holiday season after two dozen inmates were freed from a county jail that could no longer afford to hold them. Less than … Continue reading

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Tea Party activists cheer Republican revolt that has U.S. rapidly approaching ‘fiscal cliff’ (3)

Senators bickered Sunday over who’s to blame for lurching the country toward a year-end “fiscal cliff,” bemoaning the lack of a deal days before the deadline but bridging no differences in the debate. With the collapse Thursday of House Speaker … Continue reading

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Stephen Harper warns of fiscal ‘runaway train’ in U.S.

OTTAWA — Prime Minister Stephen Harper says the fiscal debt in the United States has put that country on a “runaway train” that could lead to further economic damage unless American lawmakers finally get control of massive deficits. Here in … Continue reading

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Steyn: Kindly Note the Impending Bankruptcy

Previously on The Perils of Pauline: Last year, our plucky heroine, the wholesome apple-cheeked American republic, was trapped in an express elevator hurtling out of control toward the debt ceiling. Would she crash into it? Or would she make some miraculous … Continue reading

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Jonescu: ‘Shut Up, Grandpa’ (1)

Collectivists of the Washington establishment, representing both major parties, have analyzed the 2012 election results and come to a lovely conclusion: old white men are the problem. The only difference of opinion between the two factions regards how one ought … Continue reading

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Wealthy Dump Assets Amid Worries About Going Over ‘Cliff’

For many of the wealthy, 2012 is becoming a good year to sell. They’re worried about the “fiscal cliff,” which is when tax cuts expire and spending cuts are set to go into effect at the end of the year. … Continue reading

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Goldstein: WTF is a fiscal cliff?

Since we’re going to be hearing a lot about the so-called “fiscal cliff” and raising the debt ceiling of the United States over the next few months, here’s a primer on what’s going on. The “fiscal cliff” refers to $560 … Continue reading

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Corcoran: Obama’s recipe for U.S. decline

U.S. President Barack Obama lost 10 million voters between 2008 and 2012, his majority shaved from 52.9% to a barely existent 50.4%. The Romney Republicans, meanwhile, increased the party’s share of the popular vote to 48% from 45.7%. Americans clearly … Continue reading

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Editorial: Worst economic recovery, ever

The Obama administration is hailing the latest economic growth figures as evidence things are getting better. They’re not. As with recent unemployment data, these numbers don’t pass the smell test. In your guts you know they’re nuts. The Commerce Department … Continue reading

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