By Bill Wilson — It is disappointing that within a mere 14 months into the House Republican majority, they appear to be giving up on the principles that got them elected in 2010. Rep. Mike Rogers has openly called for abandoning reforms to the appropriations process by potentially lifting the ban on earmarks . This is being proposed as a legislative sweetener so leadership has an easier […]

By Bill Wilson — The die has been cast. By now, the Supreme Court has voted on all aspects of Florida v. The Department of Health and Human Services, the majority and dissenting opinions all assigned. But nobody will know the result until on or about July […]

By Bill Wilson — The House has made a small step in the right direction, adopting a budget that will reduce deficits to just $166 billion by 2018, a fraction of the current trillion dollar deficits we see every year from the Obama Administration. It would actually […]

NRD Editor’s Note: The Republican Study Committee’s “cut, cap, and balance” plan was defeated by the House of Representatives by a vote of 136 to 285 moments ago. By Bill Wilson — It is disappointing that the only proposal that would balance the budget this decade has […]

By Bill Wilson — For two years in a row, Barack Obama has not generated a single vote in favor of his gargantuan spending spree. So toxic are the politics of bankrupting the nation that not even congressional Democrats who are supposed to be joined at Obama’s hip want to face voters and defend his catastrophic economic policies . But perhaps the real test will be to see how many […]

By Bill Wilson — In the first part of “The ‘new’ normal,” we analyzed the dilemma faced by fiscal reformers seeking to make budgetary cuts or even balance budgets in advanced economies that have active central banks. Namely, if central banks around the world can just engage in unadulterated monetary expansion to enable profligate governments […]

By Bill Wilson — Today’s oral arguments show the Court may be accepting the premise that the individual mandate will be struck down. What remains is the rest of law, and the justices appear to be pretty evenly split on that matter. This may indicate that a […]

By Bill Wilson — The “new” normal is actually not so new. The practice of printing money or inflating a currency to “pay” for a national debt has been around for at least as long as the practice of governments borrowing funds to pay for their unsustainable […]

By Bill Wilson — This is one of the most important weeks in the national debate over Obamacare. The oral arguments at the Supreme Court over these three days will give valuable insight into what many of the justices’ thinking on the important issues surrounding the law […]

By Bill Wilson — If nothing changes about our current spending trajectory and Barack Obama gets everything he what he wants out of Congress this year in his budget, the national debt will increase $10 trillion over the next decade — to $25.9 trillion by 2022. What’s alarming about this number is that it could be even higher. […]