By Adam Bitely — House Republicans have turned the power of the purse over to the White House after passing H.R. 325 , a bill that suspends the debt ceiling until May 19, 2013 and threatens to withhold pay from members of Congress after April 15 if […]

RE: On New Year’s Eve, outgoing Treasury Secretary Tim Geithner informed the American people the federal government once again reached its credit limit.  Now, like reckless teenagers, the Obama administration and congressional Democrats are demanding another credit limit increase with no strings attached. Not only […]

By Robert Romano — There are a great many politicians and pundits in Washington, D.C. arguing that the debt ceiling should not be used to extract spending cuts from the Obama Administration. It is on them that the onus falls to show that the conventional budget “process,” […]

By Bill Wilson — “There are only two options to deal with the debt limit: Congress can pay its bills or it can fail to act and put the nation into default.” That was how White House Press Secretary Jay Carney put it on Jan. 12 , urging House Republicans to give the Obama Administration another blank check — increasing the […]

By Bill Wilson — Gross Domestic Product (GDP) forecasts are coming in for the fourth quarter, and they are not good news for the economy — and foretell another hard year for the 22.4 million people struggling to find full-time work, and the 5 million who have […]

Jacob “Jack” Lew, Obama’s choice to replace Timothy Geithner as the Secretary of the Treasury, is a terrible choice for a department that has such a powerful role in the national debt. As Obama’s budget director, he has been entirely unsuccessful in drafting budgets that […]

By Bill Wilson — Will state and local governments add 220,000 jobs in 2013? That’s what chief economist at Moody’s Analytics Mark Zandi is suggesting in a recent report by Bloomberg News . “Their payrolls in the fourth quarter will be 220,000 larger than in the same period for 2012, he projects,” states […]

By Bill Wilson — Soon, the Obama Administration will be able to borrow money to refinance and expand the $16.4 trillion national debt without any permission from Congress. That is, if House Minority Leader Nancy Pelosi gets her way. On CBS’ Face the Nation on Jan. 6 , Pelosi said that if the debt ceiling […]

By Rick Manning — All the talk about fiscal cliffs and budget deficits has obscured one of the most important measures of our nation’s financial health — Christmas retail sales. After the hopeful press releases surrounding Black Friday, retailers are faced with having to sharply discount their […]

By Howard Rich — No matter what happens between now and January 1 upper-income earners in America — including tens of thousands of small business owners — will be saddled with sizable tax increases in the coming year.  No amount of negotiating in advance of […]