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 […]

By Bill Wilson – Should the Senate just be a rubber stamp? On January 25th, the Senate will be voting on a proposal to severely weaken the filibuster — the process whereby 41 Senators can block dangerous pieces of legislation and radical appointments from being voted on […]

By Bill Wilson – All budget-cutting proposals currently being discussed will do nothing to eliminate the $1.3 trillion annual budget deficit any time soon. The Simpson-Bowles Commission does not foresee a balanced budget until 2037. House Republican proposals to reduce non-defense discretionary spending to FY 2008 levels […]

By Bill Wilson – It has all taken such a sad and predictable course. A mentally deranged individual commits an act of unspeakable violence. Within minutes the professional Left starts efforts to place blame on conservatives and Republicans, piously demanding some solution that — surprise — gives […]

By Bill Wilson – Not without spending cuts. That was House Speaker John Boehner’s response to Barack Obama’s request to Congress to increase the national debt ceiling from its current $14.294 trillion level. “The American people will not stand for such an increase unless it is accompanied by meaningful action by the President and Congress to cut spending and end the job-killing spending binge […]

By Bill Wilson – Secretary of State Hillary Clinton made headlines on January 3rd when she met with Hugo Chavez, a photo-op coup for the Venezuela dictator that recently expelled U.S. envoy Larry Miller for allegedly being “disrespectful”. In reality, Palmer was voicing U.S. concerns that Columbian […]