By Bill Wilson — To date, the IMF has given Greece and European banks $26.8 billion in kick-the-can refinance loans. Now the IMF, which the U.S. funds, is bailing out the banks that bet poorly on her debt with another $36.7 billion. Our stake was already $13.5 […]

By Bill Wilson — As we begin to see what’s in it, as Nancy Pelosi suggested we do, the true costs of Obamacare are being revealed by the Congressional Budget Office. Now we know that through 2022, t he price tag will rise to $1.75 trillion —and counting. This proves that the out-years always were […]

By Bill Wilson — When the Obama Administration saw fit to make four unconstitutional ‘recess’ appointments when Congress was not even in any recess, Senate Republicans spoke out in protest, but have failed to do anything about it so far. Now, sensing weakness, Harry Reid is attempting to ram through a cloture package of 17 judicial nominees . This is an […]

By Bill Wilson — Leave it to the New York Times’ Paul Krugman to find a tautological rationale for never cutting spending. Writing March 11 on the €105 billion default of Greece , Krugman warns U.S. policymakers against “trying to reduce deficits too quickly, while the economy is still deeply depressed”. Krugman is resisting the often-made comparison […]

NRD Editor’s Note: This column originally appeared in Investor’s Business Daily . By Bill Wilson — Legislation in both the U.S. House of Representatives and Senate will rescind an additional $108 billion that was extended to the International Monetary Fund by the Pelosi-Reid Congress in 2009. This is necessary to […]

By Bill Wilson — Is the European debt crisis over? Since the latest €130 billion bailout of Greece was agreed to on Feb. 21, rates on Italian and Spanish debt have seemingly stabilized, dropping from 5.44 percent and 5.11 percent respectively to 4.8 percent and 5.05 percent. Granted, yields on […]

By Bill Wilson — It requires a simple majority of the IMF Executive Board to approve lending to any nation, including Greece . With only 16.75 percent of the vote, the U.S. via Meg Lundsager can do nothing to stop more taxpayer-funded bailouts of socialist governments in Europe and their lenders. This is why the Pelosi-Reid led Democrat Congress in 2009 never should have approved […]

By Bill Wilson — A small number of central banks around the world have begun investing their foreign exchange reserves in equities, according to Bloomberg News . These include the Swiss National Bank, the Bank of Israel, South Korea and others. So far it’s not much, several billion in stock buys by central […]

By Bill Wilson — The IMF, which the U.S. funds, has already committed over $100 billion to bailing out Greece, Portugal, and Ireland.  Now with more money promised to Greece, that means the U.S. stake in propping up Europe will only grow. The U.S. needs to rescind its own $100 billion line of credit to the IMF , only $7 billion of […]

By Bill Wilson — The House Energy and Commerce Health subcommittee is to be praised for repealing the Obamacare death panel . As the costs of Medicare continue to skyrocket, an unelected panel of 15 bureaucrats will be the ones making life and death decisions instead of doctors and patients. The whole point of the Independent Payments Advisory Board is to decide what is […]