By Robert Romano — As a part of the fallout of Obama’s successful reelection in 2012, many in the Republican establishment and conservative circles have been engaged in a thorough soul-searching over Mitt Romney’s defeat and the GOP’s failure to recapture the Senate, some of which is […]

By Rick Manning — President Obama’s second term national security team is in trouble on Capitol Hill, but the trouble is not just a few Republican Senators, but instead revolves around nasty ties to Islamic terrorist groups, waterboarding and drone killings and a stunning revelation by the […]

By Robert Romano — Under the Budget Control Act of 2011, which will implement approximately $53.8 billion of sequestration cuts to outlays in 2013, the White House Office of Management and Budget (OMB) was required to submit to Congress its plan for implementing the cuts. That should […]

By Robert Romano — Why does the Bureau of Economic Analysis (BEA) include government spending as a component of the Gross Domestic Product (GDP)? The answer may be that’s how economist Simon Kuznets, who developed the measure, saw things. In his 1934 report “Report on National Income” to Congress , he acknowledged there might be skepticism over […]

By Robert Romano — Everyone knows that few lawmakers actually take the time to read the laws they are passing. But one might think that an organization treated by the New York Times in this case as an authority on the impending March 1 sequestration cuts due […]

By Robert Romano — Remember the 2009 Department of Homeland Security (DHS) issued a memo on supposed right-wing extremism ? It was the one that defined the ideology as “groups, movements, and adherents that are mainly antigovernment, rejecting federal authority in favor of state or local authority” and “groups and individuals that are dedicated to a single issue, such as opposition […]

By Robert Romano — The U.S. is currently at risk for another credit downgrade of its AAA rating, this time by crediting ratings agency Fitch . Except it has nothing to do with any sort of fiscal brinksmanship by congressional Republicans, but because the deficit is not being significantly reduced. In its statement, Fitch […]

By Robert Romano It is up to the House of Representatives to maintain the $85 billion sequester cuts set to go into effect on March 1. Agreed to in August 2011 in exchange for the then $2.1 trillion increase in the debt ceiling, these were cuts promised […]

By Rick Manning Larry Kudlow needs to make up his mind. One day he writes in the Daily Caller that if the Republicans don’t force deep spending cuts they will lose the House of Representatives in 2014, and in the very same piece he urges that those same Republicans not use the upcoming topping of […]

By Robert Romano — To be charitable, perhaps the House never thought Obama would ever go for it. That was certainly the indication when House Republicans last week unveiled their plan for a short 4-month suspension of the debt ceiling, tied to a demand that the Senate […]