By Bill Wilson — The week of April 6, the national average of gasoline prices hit $3.94, according to the Energy Information Agency, with prices continuing to rise nationwide. But economist and New York Times columnist Paul Krugman apparently thinks you’re not paying enough at the pump […]

By Rick Manning — Once again, the unemployment rate dropped in March even though there are 31,000 fewer Americans employed than in the month of February. This strange phenomenon where the government claims that 120,000 new jobs were created, yet fewer Americans are actually employed in those […]

By Bill Wilson — Obama’s U.S. Department of Labor loses more credibility every month as they announced a lower unemployment rate in March, while at the same time 31,000 fewer Americans actually had jobs than the previous month .  In spite of all the happy talk out of Obama’s official Washington, D.C., the fact is that fewer […]

By Robert Romano — Despite recent deals totaling tens of billions of euros from the International Monetary Fund (IMF), European Central Bank (ECB), and the European Financial Stability Facility (EFSF) to prop up the banks that bet poorly on Greek debt, IMF director Christine Lagarde is coming […]

Please check out the latest infographic from the RSC :

By Bill Wilson — In the first part of “The ‘new’ normal,” we analyzed the dilemma faced by fiscal reformers seeking to make budgetary cuts or even balance budgets in advanced economies that have active central banks. Namely, if central banks around the world can just engage in unadulterated monetary expansion to enable profligate governments […]

By Bill Wilson — The “new” normal is actually not so new. The practice of printing money or inflating a currency to “pay” for a national debt has been around for at least as long as the practice of governments borrowing funds to pay for their unsustainable […]

By Bill Wilson — If nothing changes about our current spending trajectory and Barack Obama gets everything he what he wants out of Congress this year in his budget, the national debt will increase $10 trillion over the next decade — to $25.9 trillion by 2022. What’s alarming about this number is that it could be even higher. […]

By Rebecca DiFede — On Tuesday, the Labor Department reported that the unemployment rate for U.S. veterans who’ve served during the wars in the Middle East increased last year to 12.1 percent, up from 11.5 percent in 2010 . President Obama has pledged to bring home from Afghanistan 123,900 troops by fiscal year 2017, and this […]

By Robert Romano — According to the Congressional Budget Office (CBO), the budget proposed by House Budget Committee Chairman Rep. Paul Ryan , and to be voted on by the House of Representatives, would be balanced by 2040. By his own numbers, the only time the budget would even be cut is in 2013 and 2014, and then […]