Uncategorized articles

House Passes "Fiscal Cliff" Deal That Makes Debt And Deficit Projections Worse

House Passes "Fiscal Cliff" Deal That Makes Debt And Deficit Projections Worse

The House has passed the “fiscal cliff” deal the Senate passed early this morning. The media, of course, is reporting this as “crisis averted.” Which is an absurd notion. Via Zero Hedge, here’s a chart showing the CBO’s projected annual revenues from these tax increases (assuming “the rich” sit still for them and don’t move

Rebutting Senator Hoeven's Lame Explanation For Voting For The "Fiscal Cliff" Deal

Earlier today Senator John Hoeven’s office sent out a detailed explanation justifying his yes vote for the “fiscal cliff” deal. You can read the full press release here. I thought I’d respond to some of the claims the Senator is making. First, Hoeven says he voted for it because it maintains tax relief for the

Shocker: "Fiscal Cliff" Deal Includes $330 Billion In New Spending, Adds $4 Trillion To Deficits

About those “spending cuts” that supposedly balance the $620 billion in tax hikes in the “fiscal cliff” deal passed by the Senate last night. Turns out, the bill increases both national spending and the ten-year window of budget deficits significantly. The “fiscal cliff” deal that was designed to save money actually includes $330.3 billion in

Silver Lining In "Fiscal Cliff" Deal: At Least It Didn't Raise The Debt Ceiling

There’s not a lot to like about the “fiscal cliff” deal the Senate agreed to last night. It raises taxes at a time when our economy is still reeling, and it raises spending at a time when the country is running a $1 trillion annual budget deficit and can ill afford it. It’s a bad

North Dakota Is Part Of National Problem With Administrative Bloat In Higher Ed

Government subsidies for higher education, in the form low-interest student loans issued freely to all who ask, have allowed colleges to get away with huge increases in spending. This has manifested itself in a number of ways. Campuses are growing larger and more lavish, as one example, and universities have seriously inflated their payrolls both

Holiday News Dump: Dickinson State Releases Awful Campus Quality Survey Results

The North Dakota University System was, earlier this month, tried to get away with releasing a heavily redacted version of Dickinson State University’s latest campus quality survey. Even the results released to the public were pretty embarrassing for the university, but higher ed officials redacted specific comments put into the surveys by faculty and staff

Balanced: Senate Fiscal Deal Has $41 In Tax Hikes For Every $1 In Spending Reductions

According to the Congressional Budget Office, the “fiscal cliff” deal passed by the US Senate late last night has $15 billion in spending growth reductions (it’s not cuts as we’ll still be spending more in 2013 than we’re spending in 2012) and $620 billion in tax hikes, both over the course of a decade. After

Top