By David Rothbard and Craig Rucker “We can’t have an energy strategy that traps us in the past,” President Obama proclaimed in March 2012. “We need an energy strategy for the future — an all-of-the-above strategy for the Twenty-First Century that develops every source of […]

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 Rick Manning The headlines read that the nation’s unemployment rate for April hit 7.5 percent.  But the real story behind the headline is that America is becoming a society of labor drop outs.  These charts using just released data from the Bureau of Labor Statistics have […]

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 […]

U.S. lending to foreign governments through the International Monetary Fund (IMF) has reached $35 billion, representing more than 24 percent of the agency’s $145.4 billion of outstanding loans . Well above its 17.7 percent quota, the U.S. is therefore funding a disproportionate share of IMF loans. Astonishingly, 60 percent of IMF lending, […]

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 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 […]

By Robert Romano — Are excessive student loans preventing young Americans from borrowing money to buy a home or new car? That is certainly one of the conclusions of a recent New York Federal Reserve study, “Young Student Loan Borrowers Retreat from Housing and Auto Markets.” The findings “may have broad implications for the ongoing recovery of […]

By Bill Wilson — It has been four years and two months since the “American Recovery and Reinvestment Act,” the so-called “stimulus,” was signed into law on Feb. 17, 2009. That day, Barack Obama told the American people he was keeping his campaign promise that he would “do all that I could to give every American the chance to make of their […]