By Robert Romano — Somehow, despite sequestration, the sun rose today, and it will set. Schools opened as scheduled. The children were still picked up and dropped off by their buses. Hospitals, police, and firefighters all remained on call should the need arise. Planes did not fall […]

Great news, even with the sequester, the federal government will spend more money next year than they did this year. So there is no reason to panic that the government is going to fall into the abyss.

By Bill Wilson — Time for a little history lesson. Sequestration may in fact have been Obama’s idea, but it was brought to the floor in the House of Representatives not once , but twice by Republican leaders. There, it was approved not once , but twice . In the Senate it passed easily with bipartisan […]

Check out this great infographic from Cato that tells the truth about the sequester. For more on the sequester, be sure to check out ALG President Bill Wilson’s column “The non-existent spending cuts wrought by the ‘devastating’ sequester” .

By Bill Wilson — $54.9 billion. That is how much the Federal Reserve holds in capital to back up its $3.1 trillion balance sheet — a ratio of just 1.8 percent. That’s a pretty small margin for error, especially if the central bank were to ever take any losses on its […]

By Bill Wilson — 41 percent. That was all the Euro establishment in Italy could get to vote in favor of ceding sovereignty to the European Union in that country’s latest parliamentary elections . The elections came after former Prime Minister Mario Monti stepped aside after his unpopular budget was adopted. The […]

NRD Editor’s Note: This column was originally published at Forbes.com. By Bill Wilson — In a city known for its perpetual evasion of responsibility and chronic shifting of blame, Washington D.C.’s sequester debate is more of the same — albeit with an interesting twist. Ordinarily spending debates in our […]

This is kind of funny. But really scary. On Treasury’s “debt subject to the limit page,” you can see where in time the debt ceiling was eliminated/suspended. For reference, under the most recent debt deal, the debt ceiling has been suspended until May 19. Our […]

By Rick Manning — Here is what Iowa Democrat Sen. Tom Harkin said on Valentine’s Day making one wonder if Cupid’s arrow sapped him of his senses. SEN. TOM HARKIN (D-IA): “Thank you, Madam Chair. I think, first of all, I want to disagree with those who […]

By Rick Manning — Tonight President Barack Obama is expected to declare that the job of debt reduction is almost done in State of the Union speech.  Combined with his campaign arm, slyly called Campaign for America’s Future, sending an email alert out with the subject line, […]