By Bill Wilson – In 2008, there were two competing wisdoms about what to do about failing financial institutions in the wake of the economic crisis. The first said to do nothing and allow institutions that behaved irresponsibly and became overleveraged during the housing bubble to fail. […]

By Bill Wilson – For decades, public sector unions at the state and local levels have hijacked the public appropriations process via collective bargaining agreements. These have bound the hands of legislators to ever-increasing salaries, pension and health care benefits, who often are unable to modify such […]

By Bill Wilson – A generation ago, William Rusher wrote in The Making of the New Majority Party, that liberals inside the GOP, “have always been large enough to compel a certain amount of compromise or adjustment in their direction.” The record of conservative failure is really […]

By Bill Wilson – If Congress does not adopt a continuing resolution of some sort by midnight, December 18th, non-essential services of the government will shut down. As a result, Harry Reid attempted to ram a 1924-page, $1.27 trillion omnibus spending bill through Congress before anyone had […]

By Bill Wilson – All year long, Congress has failed to address the budget. Instead, the government is currently operating on a continuing resolution that expires in less than ten days. So, it needs to pass another one just to keep the government running, like the one that passed the House on December 8th . The House-passed […]

By Bill Wilson – Starting today, Congress will begin the process of enacting the deal negotiated between the White House and the Republican Senate. It has been much more difficult than many had imagined to come to a clear cut position on this measure. As I and […]

By Bill Wilson – Congress has a huge dilemma. As it considers whether or not to approve legislation that will prevent tax increases for all Americans for two years, cuts Social Security payroll taxes for employees, and extends unemployment benefits, it has to choose between two very […]

By Bill Wilson – The only credible way to seriously address the debt crisis is through spending cuts, not tax increases, says the International Monetary Fund (IMF). In a recent study, the IMF writes , “the tax burden is already high in several advanced economies, which means that a large part of the adjustment […]

By Bill Wilson – On the surface, Barack Obama’s announced two-year freeze of federal civilian pay may sound like a reasonable overture to congressional Republicans and the American people who want unsustainable government spending to be reined in. But, just below the surface is the reality that […]

By Bill Wilson – On November 3rd, the Federal Reserve lowered its outlook for the U.S. economy in 2011, projecting lower growth and higher unemployment than it had in its June estimates, based on the now-released minutes of that meeting . In June, growth had been predicted to be from 3.5 to 4.2 percent, but […]