By Bill Wilson – On Feb. 14, Barack Obama submitted his ten-year budget from the White House Office of Management and Budget (OMB). With a straight face, he said of the proposal , “[W]e’re going to have to get serious about cutting back on those things that would be nice to have but we can do without.” Obama explained, “That’s what families across the country do every […]

By Bill Wilson – When House Republicans released their campaign promises for the 2010 election, they wrote they would “roll back government spending to pre-stimulus, pre-bailout levels, saving us at least $100 billion in the first year alone and putting us on a path to balance the […]

By Bill Wilson – When the 2012 Fiscal Year begins for most states on July 1st, they will face approximately $125 billion in budget shortfalls, according to the Center for Budget and Policy Priorities . The Center accounts for the shortfalls because of the sharp decline in tax collections, 12 percent less than pre-recession levels. This […]

By Bill Wilson – We have to get our priorities straight. When even Cuba, which minus Chinese assistance lacks the technological capability to do so, is looking to drill for oil in the deep waters just 50 miles off the coast of the U.S., but we refuse […]

By Bill Wilson – On January 31st, when Judge Roger Vinson declared the individual mandate of ObamaCare to be unconstitutional, he also determined that the legislation could not be severed from the rest of the legislation, nullifying the entire law. This means that, unless and until a […]

By Bill Wilson – On January 26th, the Congressional Budget Office (CBO) announced that the budget deficit would top $1.5 trillion in 2011 , the highest ever on record. That is mostly because of the unpaid-for $56 billion extension of unemployment benefits and a $120 billion cut in payroll taxes on employees from December’s tax deal. Because there were no offsetting spending cuts […]

By Bill Wilson – It’s the same old story: The U.S. has abundant natural resources, but refuses to extract and produce them, as usual, because of environmental restrictions and regulatory costs. In the meantime, we are exporting our energy security, job security, and now, national security to […]

By Bill Wilson – On January 20th, Representatives Jim Jordan (R-OH) and Scott Garrett (R-NJ) were joined by Senator Jim DeMint (R-SC) to introduce the “Spending Reduction Act ,” legislation that promises to cut $2.5 trillion out of the budget over the next ten years. Call it a good start. “This bill represents the first step in the process, not the last,” said Rep. Garrett. That’s good, because, […]

By Bill Wilson – The government estimates that 32 million people will participate in a mandatory program that over 90 million will be eligible for. That program is ObamaCare, and when it’s fully implemented, it will cost over $2 trillion. Medicaid enrollment and participation in the insurance […]

By Bill Wilson – When he wrote the Wealth of Nations, Adam Smith warned against the “pretended payment” of sovereign debt, the creation of new money as a means of settling the debt. He wrote, “The raising of the denomination of the coin has been the most […]