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 […]

By Bill Wilson – Former Speaker of the House Newt Gingrich poured gasoline on his presidential campaign and lit the match when he attacked House Budget Chairman Paul Ryan’s Medicare proposals as “imposing radical change from the right” on NBC’s Meet the Press. Americans for Limited Government (ALG) Chairman Howard Rich wrote in response that Gingrich’s comments had “sparked a full-fledged uproar […]

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 […]

By Bill Wilson – It feels like we’ve been here before. The malaise-filled economic train wreck of the Carter years has risen zombie-like from the ash heap of history to inflict its special brand of pain and suffering. On May 6, the Bureau of Labor Statistics (BLS) reported that unemployment rose from 8.8 percent to 9 percent in April . That includes a 205,000 increase […]

By Bill Wilson – This week, House Republicans will be making moves to ramp up U.S. oil production, specifically by voting to lift Barack Obama’s de facto moratorium on drilling in the Gulf of Mexico.  HR 1229 and 1230 , being presented by House Natural Resources Committee Chairman Doc Hastings. […]

By Bill Wilson – A federal judge has granted the Environmental Protection Agency (EPA) authority over the issuance of water permits in the Everglades , and giving the state of Florida until July 1 to comply with the ruling.  By then, Florida is required to show what steps it is taking to reduce phosphorous fertilizer runoff from sugar and other farms into the Everglades. Florida has promised […]

By Bill Wilson – China may be preparing to cut its foreign exchange reserves by about two-thirds, down to about $1 trillion from its current $3.04 trillion level, according to Chinese news service Xinhua . Why? China simply has too much money , according to Zhou Xiaochuan, the head of the People’s Bank of China.  “Foreign-exchange reserves have exceeded […]

By Bill Wilson – On April 18, the Heritage Foundation’s Hans A. von Spakovsky, a former Federal Election Commissioner, broke a story for Pajamas Media about a draft executive order by the White House to compel companies, their directors, and officers to disclose donations to candidates, parties, campaign committees, and non-profit groups that make independent expenditures during an election cycle. The executive order would apply to both “[a]ll […]