By Bill Wilson — A year ago, the $2.1 trillion increase in the debt ceiling was accepted — the largest in American history — because of the promise of offsetting spending cuts. A supercommittee was formed to find the cuts, but if it failed, $62 billion of […]

By Bill Wilson — Sep. 2012 looks to be an interesting month, with a confluence of factors that pose considerable downside risks not just for the U.S., but the global economy — any of which could send us, with anemic growth of just 1.5 percent for the […]

By Bill Wilson — With the tepid 1.5 percent annualized growth in the Gross Domestic Product (GDP) for the second quarter of 2012 in the U.S. reported by the Bureau of Economic Analysis , it is official. We’re Japan. Where no matter how much money we print via the Federal Reserve’s so-called quantitative easing, […]

By Bill Wilson — A July 18 report by the Cato Institute’s Michael Cannon has revealed a critical flaw in the Obamacare law that could ultimately prove to be its undoing. Namely, if states refuse to set up an insurance exchange under the law, the federal government lacks authorization to dispense some $800 billion in subsidies through […]

NRD Editor’s Note: This column originally appeared at Forbes.com . By Bill Wilson — Several mainstream media outlets are reporting that Congressional Democrats are making explicit threats.  Unless Republicans cave-in to their demands to increase taxes on higher income families and small businesses, the Democrats will block all […]

By Bill Wilson — The fallout continues to be felt by the Barclays scandal to fix its published Libor (London InterBank Offered Rate) in 2008, the rate at which banks would lend to one another. These are supposed to be based on the bank’s actual borrowing costs. […]

NRD Editor’s Note: This post originally appeared at Investor’s Business Daily . By Bill Wilson — Five months ago Barack Obama nominated union backer, liberal economist and Federal Reserve bureaucrat Erica Groshen to lead the U.S. Bureau of Labor Statistics (BLS) — the agency best known for calculating the nation’s […]

NRD Editor’s Note: Sen. Jim DeMint and Sen. Lindsey Graham are calling on GOP leaders on Capitol Hill to pass a spending agreement now to avoid a lame duck session of Congress . By Bill Wilson — The House needs to give the American people a much-needed break after the November elections, no matter how they turn out, and force Washington, D.C. to quit governing by crisis. Cancel any plans for a lame duck session, and […]

By Bill Wilson — Now that the Supreme Court has ruled to uphold Obamacare, vastly expanding the taxing powers of Congress to now compel behavior to enter into commerce or engage in other activities, the fallout is being seen everywhere. “It is not our job to protect […]

By Bill Wilson — Today in Brussels, European leaders are again convening for the umpteenth time to attempt to bring resolution to the sovereign debt crisis that is plaguing the continent — and the global economy at large. Call it the Politeuro. There, German Chancellor Angela Merkel […]