By Robert Romano – In a recent column for the Wall Street Journal , Holman Jenkins criticized rating agencies for threatening to downgrade the United States’ Triple-A credit rating because, he writes, “the debt to bondholders will be the last to be dishonored.” As such, the U.S. is nowhere near default. That may be so — […]
By Howard Rich – Last week a gleeful American press corps celebrated the most recent “European” bailout of Greece. In fact, one major wire service blissfully concluded that this $230 billion infusion of cash would “end the region’s debt crisis.” Of course such unfounded optimism […]
By Rick Manning – Bernie Marcus, the co-founder of Home Depot, has put the finger on why America is suffering from a jobless recovery as high unemployment continues at 9.2 percent, the federal government and the regulations it imposes. In an interview with Investor’s Business Daily , Marcus doesn’t mince words when he says, […]
The only vital difference between the House and Senate plans is Iraq and Afghanistan. The Senate plan places a cap on spending which includes war spending, and the House plan allows the discretionary spending cap to be adjusted to pay for the war. So, while […]
By David Bozeman – Why is it that nearly every time there’s a federal budget impasse, Republicans find themselves on the losing end politically? More important, wh is it that our on-going “debate” resembles more a sitting room tiff than a real clash of ideologies? […]
By Robert Romano – A Congressional Budget Office (CBO) estimate released on July 26 states that the total cut for Fiscal Year 2012 in a now-dead House leadership plan to increase the $14.294 trillion debt ceiling would only amount to $1 billion. Americans for Limited Government Bill Wilson called the proposal “laughably pathetic,” noting that “after claiming $1.2 […]
Americans for Limited Government President Bill Wilson today reacted to a Congressional Budget Office estimate stating that the total cut for Fiscal Year 2012 in the House leadership debt ceiling increase plan would only amount to $1 billion: “It is laughably pathetic that after claiming $1.2 trillion […]
Boehner’s debt plan is in jeopardy in the House of Representatives. Republican Study Committee (RSC) Chairman Rep. Jim Jordan has come out against the plan . Rep. Jordan stated, “While I thank the Speaker for fighting for Republican principles, I cannot support the plan that was presented to House Republicans this afternoon.” Further, […]
