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5 August 2012 0 Comments

Pennsylvania’s Debt Downgrade and SB 1480 RACP $1. 675 Billion Capital Budget Borrowing

Citizens Alliance of Pennsylvania: Pennsylvania’s Debt Downgrade: The Liberty Blog Act 130 of 2011 increased debt by $1.6 billion and SB1480 is on track to increase debt by $1.6 billion. More at The Liberty Blog Pennsylvania Debt Burden About To Get Heavier  

25 April 2012 0 Comments

Pennsylvania State Budget FY 2012-2013: Education Spending

Pennsylvania K-12 Education Spending on Government Schools     Commonwealth Foundation February 29, 2012 Pennsylvania’s FY 2011-12 total operating budget of $63.4 billion, which included $27.1 billion in General Fund spending, represented the first year-to-year reduction in state spending in at least 40 years. However, as the economy continues to struggle out of a recession and with […]

3 November 2011 0 Comments

The Fiscal Iceberg: US Debt and Deficit – Eurorpean Debt and Deficit – Deck Chairs

I think the next election will be, in part, Main Street v. Wall Street. Recently, I read two books Reckless Endangerment by Gretchen Morgenson and Joshua Rosner(2011), both of the New York Times, and The Big Short by Michael Lewis(2011). RepbulicansDemocratsWashingtonNewYork, all one spider web and we are caught. “Fractional banking” taken to unheard of […]

5 September 2011 0 Comments

Pat Toomey: Budget Control Act (Debt Ceiling Raised) Does Not Change Wrong Track

Inquiring minds want to know: Is Pat Toomey the best? This baby may thank Sen. Toomey someday. US borrowing tops 100% of GDP: Treasury: The new borrowing took total public debt to $14.58 trillion, over end-2010 GDP of $14.53 trillion, and putting it in a league with highly indebted countries like Italy and Belgium. (AFP […]

3 September 2011 0 Comments

Debt Ceiling Deal: Pimco’s El-Erian: Debt Deal No Good for Economy

Bond Investor’s PIMCO’s Mohammed El-Arian and Chair Bill Gross are paid for making good investments, not like politicians, who are rewarded for rhetoric and giving away productive taxpayer money. Article here and Video here (21 minutes – thoughtful and compares to other economies. Ability to service debt. Tailwinds in other economies. Our economic outlook is […]

6 July 2011 0 Comments

8 November Jenny Brown On Fire: Fiscal Common Sense Economic Freedom

The Sizzling Jenny Brown an emerging leader in Pennsylvania governance because of a proven, public record of fiscal common sense in Lower Merion , with steely resolve, set to restore fiscal responsibility to Montgomery County  November 8, 2011. Please listen to one minute Daily Salvo:  

1 July 2011 0 Comments

Pat Toomey: Budget Common Sense

“When I go back to Pennsylvania and I talk to my constituents about the fact that the government of the United States, the world’s biggest enterprise, an enterprise that’s going to spend $3.6 trillion this year and we’re doing it without a budget, they look at me in shocked disbelief that this could even be […]

30 June 2011 0 Comments

Pat Toomey: Government Shutdown and Debt Ceiling

The strategy that Republican Senator Pat Toomey, Republican US Representatives Mike Fitzpatrick, Jim Gerlach, Pat Meehan and many conservatives like Jeb Hensarling and Tom Price, M.D., (interestingly Democratic US Rep. Allyson Schwartz also voted for this CR) and Republican leadership is using can be, I call “Selective, Sequential Shutdown”, that is, rather than across the […]

22 June 2011 0 Comments

Pat Toomey’s 2012 Budget: Time Is Running Out

Time is Running Out Senator Toomey Unveils FY 2012 Budget Tuesday, May 10, 2011 WASHINGTON, D.C.– U.S. Senator Pat Toomey (R-Penna.) unveiled his fiscal year 2012 budget that balances the budget in nine years. Cosponsored by Sens. Jim DeMint (R-S.C.), David Vitter (R-La.), Tom Coburn (R-Okla.), Richard Burr (R-N.C.), James Risch (R-Idaho), Marco Rubio (R-Fla.), […]