By Robert Romano The past 3 years the $16.7 trillion national debt has grown at an average rate of 10.5 percent, while nominal Gross Domestic Product (GDP) has averaged just 3.85 percent. This is one of the primary reasons why the debt has soared to 103.8 percent […]

By Bill Wilson — Barack Obama wants to double the U.S. quota subscription in the International Monetary Fund (IMF) to $130 billion from its current $65 billion level. This is the foreign aid organization that has been busy bailing out Greece, Portugal, and Ireland with $86.6 billion. U.S. taxpayers have been responsible for about 20 percent of those bailouts, or approximately […]

By Robert Romano — All the economic babble cannot hide one simple fact; if inflation hits, the Federal Reserve may be powerless to use interest rates as a device to rein it in.  The central bank has sacrificed that policy tool in order to make sure the […]

By Bill Wilson — We are all Krugmanistas now. On the political left and right, there is a perception, succinctly articulated by the New York Times’ Paul Krugman that “[W]e have our own currency” and the government “literally can’t run out of money. After all, it can print the stuff.” In short, because the Federal Reserve is […]

By Rick Manning — Awkward. That is how the Washington Post characterized an Obama Administration request to make a permanent $65 billion pledge to the International Monetary Fund. But the request is more than just awkward, it is a window into the priorities that Obama is setting for America. […]

Bill Wilson , president of Americans for Limited Government, issued the following statement in reaction to announced plans of the House GOP to pass a continuing resolution to fund the federal government through September 30, 2013 today. “It is incredible that the House of Representatives in its […]

UPDATE: A park ranger has revealed that supervisors are attempting to make cuts only to parts where the public will see in a way to make them feel the pain . As FoxNews reported: A U.S. park ranger, who did not wish to be identified, told FoxNews.com that supervisors within the National Park Service (NPS) overruled plans to deal with the budget cuts that would have had minimal impact on the public. Instead, the […]

By Rick Manning — The sequester conversation has been all the buzz over the past couple of days in the Washington, D.C. area. Pastors talked about it in sermons, and neighbors worried about how the uncertainty of what might occur could possibly affect them. As the home […]

By Robert Romano — Another debt limit shocker. Apparently under current federal law, if the debt ceiling — now suspended until May 19 — is reached, the U.S. Treasury gets to decide for itself whether or not it feels like defaulting. In other words, it would be […]

Finally. Obama has decided to retreat back to his 2011 rhetoric where sequester was not a bad thing. Just a month ago, Obama was saying that the sequester would “imperil our economy, our national security (and) vital programs that middle class families depend on.” Further, it would be a “a huge blow to middle-class families and our economy […]