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 […]

NRD Editor’s Note: After submission of this Op-Ed to the Washington Examiner , further details of the Cut, Cap and Balance legislation that will come to the floor were made available. The immediate cuts are approximately $111 billion for fiscal year 2012, and not hundreds of billions […]

Yesterday, Standard & Poor’s issued a dire warning stating a 50 percent likelihood that the nation’s gold-plated Triple-A credit rating will be downgraded in the next 90 days.  Not because of any failure to increase the debt ceiling, but because it appears there will be […]

By Bill Wilson – If the $14.294 trillion debt ceiling is not raised, and the U.S. misses any interest payments, credit rating agency Moody’s has threatened to downgrade the nation’s Triple-A credit rating.  S&P has added its two cents, citing a 50 percent chance of a downgrade in […]