By Robert Romano – In a recent column for the Wall Street Journal , Holman Jenkins criticized rating agencies for threatening to downgrade the United States’ Triple-A credit rating because, he writes, “the debt to bondholders will be the last to be dishonored.” As such, the U.S. is nowhere near default. That may be so — […]

By Howard Rich – Last week a gleeful American press corps celebrated the most recent “European” bailout of Greece. In fact, one major wire service blissfully concluded that this $230 billion infusion of cash would “end the region’s debt crisis.” Of course such unfounded optimism […]

Boehner’s debt plan is in jeopardy in the House of Representatives. Republican Study Committee (RSC) Chairman Rep. Jim Jordan has come out against the plan . Rep. Jordan stated, “While I thank the Speaker for fighting for Republican principles, I cannot support the plan that was presented to House Republicans this afternoon.” Further, […]

By Robert Romano   – Can’t these guys count? Credit rating agencies Moody’s, S&P, and Fitch have explicitly warned that if Congress does not enact a fiscal consolidation plan totaling at least $4 trillion over the next ten years, the nation’s Triple-A credit rating will be downgraded. […]

By Bill Wilson – With White House talks ended over Obama’s insistence on job-killing tax increases, it is time for House Speaker John Boehner to turn up the pressure for spending cuts on the Senate. On July 22, just minutes after defeating the House-passed “Cut, Cap, and Balance” […]

By Rick Manning – “[T]he fact is you can’t solve our problem unless you do what ‘Cut, Cap, and Balance’ wants to do. So, it doesn’t matter what the polls are. We’ve got to fix our country, and this is the only viable plan right now that will […]

By Kevin Mooney — Republican Lawmakers are standing up to green pressure groups at the state level and The New York Times is getting nervous. The action in Maine, Florida and North Carolina has attracted media scrutiny because it demonstrates that Tea Party activists are exerting […]

By Bill Wilson –  According to a recent analysis by Reuters’ Steven Johnson and Daniel Bases , a threatened credit rating downgrade of U.S. treasuries by S&P, Moody’s, and Fitch could drag down state and municipal bonds, leading to higher borrowing costs at a time when governments are already strapped for cash. “All three major ratings agencies have said […]

Senator Tom Coburn, a member of the ‘Gang of Six,’ has admitted that the bill, if all of its $3.7 trillion in savings over ten years were even realized, would only  represent 40 percent of the solution to restoring order to the nation’s fiscal house.  Coburn said even if enacted, Congress is ‘going to have to change it because this is just 40 percent of the way.’  Only 40 percent of a […]

By Bill Wilson – Today, the House of Representatives is voting on the “Cut, Cap, and Balance Act,” legislation that would cut $111 billion out of the budget immediately, cap spending to a percent of the Gross Domestic Product, and send a Balanced Budget Amendment to the states […]