By Robert Romano Absolutely no connection whatsoever. That is what one must conclude from a recent Americans for Limited Government (ALG) study asking the questions: Does increased government spending spur private sector growth, and do spending cuts cause private sector recessions? The study, based on data compiled by the Bureau of Economic Analysis from 1945 […]

By Robert Romano Appearing recently on Fox News’ On the Record with Greta Van Susteren , House Budget Committee Ranking Member Chris Van Hollen wanted to know where the House Republicans were on budget negotiations. “The House has passed a budget, the Senate has a budget,” he said. “The next step as you know is to have a budget […]

By Robert Romano Another strong showing by the insurgent UK Independence Party (UKIP) is sending shockwaves across the British political landscape. In local county council elections on May 2, the party led by Nigel Farage picked up major ground with as much as 23 percent of the […]

By Robert Romano According to the World Federation of Exchanges , a trade association of 58 publicly regulated stock, futures and options exchanges, the value of equities all over the world in March was approximately $57.4 trillion. This is almost $30 trillion of stock market gains globally since the financial crisis, about 97 percent […]

By Robert Romano Since Dec. 1949 through 2012, the noninstitutional civilian population as measured by the Bureau of Labor Statistics has grown an average 1.35 percent every year, while the civilian labor force has grown even faster at 1.47 percent. This reflects rising labor participation — the […]

By Robert Romano Rep. Mel Watt (D-NC), Barack Obama’s pick to head up the Federal Housing Finance Agency (FHFA) is a major supporter of mortgage principal reductions. In a Dec. 2012 letter he co-signed 18 other House Democrats , Watt urged congressional leaders and the White House to “provide assistance to homeowners who are currently underwater on their […]

By Robert Romano Is anyone, anywhere in the world willing to fight against debt slavery that is encroaching on national sovereignty all over the world? In Cyprus, lawmakers voted to approve a €10 billion ($13.1 billion) loan from the so-called Troika — the European Commission, International Monetary […]

By Robert Romano When history revisits the contemporary economic era, it might include a footnote that there is no such thing as a free lunch. That, in fact, you cannot borrow your way to back to prosperity. And we’ll know that because after the financial crisis, in […]

By Robert Romano — The Internal Revenue Service (IRS) has overpaid the earned income tax credit by at least $110.8 billion since 2000, according to a recent Treasury Department inspector general report . That is more than double the $53 billion of sequester cuts expected in 2013 totaling less than 2 percent of outlays, and puts […]

By Robert Romano Today the House Ways and Means Committee is considering a version of the “Full Faith and Credit Act” that addresses the threat of default when the statutory debt ceiling is reached by prioritizing payments of principal and interest to the nation’s creditors. Readers will recall in July 2011, in order to force House […]