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Tag Archives: Treasury Department
By Herbert W. Titus and William J. Olson
In a Constitutional Republic of the sort that we thought we had, the process by which laws are made is at least as important as the laws that are enacted. Our Constitution prescribes that lawmaking process in some detail, but those who voted for the “Budget Control Act of 2011″ (“BCA 2011″) were wholly unconcerned about trampling upon required constitutional processes on the way to the … Read the Rest of this Post
Posted in Floyd Reports, Opinion
Tagged Barack Obama, Budget, Budget Control Act of 2011, Debt Ceiling, Debt Ceiling Disapproval Process, Debt Crisis, Harry Reid, Herbert Titus, John Boehner, Mitch McConnell, Nancy Pelosi, Secretary of the Treasury, Treasury Department, US Constitution, William Olson
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by Fred A. Kingery
If you had been living on another planet the last three years, you would be shocked to learn that the credit-rating agency, Standard and Poor’s (S&P), has placed the current AAA credit rating for the debt issued by the U.S. Treasury on a “negative watch” status. Most of us who live on planet earth had already concluded that the credit worthiness of our sovereign debt would be downgraded—unless Congress and the … Read the Rest of this Post
by Ben Johnson
If you have enjoyed owning a car company, you’re going to love getting voting representation in several banks nationwide. Barack Obama’s Treasury Department is already “monitoring” 19 banks and may appoint new board members. The trouble? They took TARP money and have fallen behind on their payments. Almost as troubling, the mainstream press is presenting things as though they had never been better. Zachary A. Goldfarb at The Washington Post writes:… Read the Rest of this Post
