12.20.2010

Where to go after Omnibus

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 […]

12.17.2010

60 or 45 days, or fight!

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 […]

12.15.2010

Sovereign Debt Crisis Can Happen Here

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 […]

12.13.2010

Tax Deal a Diversion from Crippling Debt

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 […]

12.09.2010

The Tax Deal Dilemma

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 […]

12.07.2010

Spending Cuts, Not Tax Increases

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 […]

11.30.2010

Pay Freeze Locks in Historically High Gov’t Wages

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 […]

11.24.2010

The Fed’s Growing Malaise

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 […]

11.19.2010

Rangel Off the Hook, Rule of Law Off the Table

By Bill Wilson – On November 16th, the House ethics panel declared Representative Charlie Rangel guilty of 11 out of 13 counts of corruption. Rangel used a rent-stabilized apartment for campaign activities, failed to pay taxes on rental property in the Dominican Republic, and improperly used congressional […]

11.17.2010

Pennsylvania’s Lame Duck Robbery

By Bill Wilson – Why put off until tomorrow that which can be fixed today? In its lame-duck session, the Pennsylvania legislature on November 15th considered HB 2497, a bill whose sole purpose is to underfund the state’s pension system by approximately $2.9 billion over the next […]

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