By Bill Wilson – The U.S. has already defaulted on its debts. We’re just all politely pretending that we haven’t. But we have. According to Pimco, last year, the Federal Reserve — a central bank printing press — bought 70 percent of Treasury debt. The year before, […]
By Bill Wilson – The New York Times has launched its trial balloon for the Federal Reserve to begin yet another round of so-called “quantitative easing” to, it thinks, help the economy. In its May 30 editorial, “The Numbers Are Grim,” the Times calls for the Fed to, among other things, “be prepared to continue measures […]
By Bill Wilson – As Congress stands at an impasse over increasing the $14.294 trillion national debt ceiling, where Republicans are demanding trillions of dollars of spending cuts and Democrats trillions in tax increases, it is worth contemplating just how the nation’s finances have gotten so rapidly […]
By Bill Wilson – When the Republican establishment is spending much of its time deflecting criticism and denying that the current field of candidates running for president is weak, rest assured, it is weak. A recent AP poll of Republicans found that 45 percent were dissatisfied with […]
By Bill Wilson -In April, the people of Iceland went to the polls, decisively rejecting a bailout of British and Dutch investors who lost billions in the Icesave bank in 2008. Iceland is the rare example of a nation that allowed its banks to fail in the […]
UPDATE: The Senate defeated the cloture for Godwin Liu 52-43. Read the story here . By Bill Wilson — Today, the Senate will be taking a cloture vote on Goodwin Liu for the Ninth Circuit Court of Appeals. Senate Republicans would do well to make sure it fails. Else, the transformation of the Constitution from “a charter of negative liberties” […]
By Bill Wilson – Whatever Barack Obama cannot achieve legislatively, he appears Hell-bent on just doing administratively. The latest example is mortgage cramdowns — where the government would arbitrarily reduce the principal owed on a mortgage for some underwater borrowers who now owe more on their homes […]
By Bill Wilson – Every American should be afraid when their government tells them to keep their mouths shut. This is especially true when the subject relates to a matter of national public policy. On Monday, Lafe Solomon, acting general counsel of the National Labor Relations Board […]
