The “fiscal Responsibility” Trap

After Republicans smashed Democrats in the 2010 midterm elections, taking the House of Representatives after four years in the minority, a chastened Barack Obama used his 2011 State of the Union to reach out to the GOP on what appeared to be the party’s major concern. “We are living with a legacy of deficit spending that began almost a decade ago.

Topics:  republicans   democrats   house   representatives   barack obama   state   union   gop   obama   government   
  • Stakeholders Seek Amendment to Plug Loopholes in Fiscal Responsibility Act
    Stakeholders have canvassed the enactment of new and improved fiscal responsibility laws for the states of the federation with a view to plugging the loopholes inherent in the Fiscal Responsibility Act (FRA, 2007). They canvassed the position in Abuja ...
    04/19/2018 - 12:27 pm | View Link
  • April Is Financial Literacy Month. Someone Tell Congress.
    So then, why does the federal government not practice the financial responsibility that it preaches? As of December 2017, we citizens had a collective household debt of $13.15 trillion (this figure includes IOUs on mortgages, student loans, credit cards ...
    04/19/2018 - 11:44 am | View Link
  • GOP is party of soaring deficits, not fiscal responsibility
    Leading up to the 2016 presidential caucuses, Iowans cared about fiscal responsibility in Washington. A 2015 Des Moines Register Iowa Poll of likely caucusgoers found 94 percent of Republicans wanted candidates to “spend a lot of time” talking ...
    04/19/2018 - 6:17 am | View Link
  • DG Martin: SOS, calling Erskine Bowles and fiscal responsibility
    Where is Erskine Bowles when we most need him? Bowles is best known to North Carolinians as president of the UNC System from 2005 to 2010. Before then he was a successful business leader in Charlotte, a key staff member in the President Bill Clinton’s ...
    04/18/2018 - 2:19 pm | View Link
  • Letter: Why isn’t any one talking about fiscal responsibility?
    Now that Republicans are in power, it’s back to borrow and spend. We get tax cuts for the rich and deficit spending skyrockets. No one talks about fiscal responsibility, balancing the budget or the national debt anymore. But someday the bill is going to ...
    04/18/2018 - 12:08 am | View Link
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  • California Pension Reform
    California unions, accustomed to getting their way in the Capitol, lost some ground last year when Gov. Jerry Brown pushed through the Legislature a series of public-pension cuts that affect their members.
    04/13/2018 - 1:43 pm | View Website
  • Tax Equity and Fiscal Responsibility Act of ...
    TEFRA (Tax Equity and Fiscal Responsibility Act of 1982) is the common acronym used for a set of consolidated examination, processing, and judicial procedures which determine the tax treatment of partnership items at the partnership level for partnerships and limited liability companies (LLCs) that file as partnerships.
    04/13/2018 - 8:00 am | View Website
  • What is Fiscal Responsibility? (with pictures)
    Brief and Straightforward Guide: What is Fiscal Responsibility? (with pictures)
    04/12/2018 - 7:57 pm | View Website
  • National Commission on Fiscal Responsibility and Reform ...
    The National Commission on Fiscal Responsibility and Reform (often called Simpson-Bowles or Bowles-Simpson from the names of co-chairs Alan Simpson and Erskine Bowles; or NCFRR) is a Presidential Commission created in 2010 by President Barack Obama to identify "policies to improve the fiscal situation in the medium term and to achieve fiscal ...
    04/11/2018 - 7:08 pm | View Website
  • Tax Equity and Fiscal Responsibility Act of 1982
    Tax Equity and Fiscal Responsibility Act of 1982; Long title: An act to provide for tax equity and fiscal responsibility, and for other purposes. Acronyms (colloquial): TEFRA
    04/11/2018 - 11:16 am | View Website
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