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 […]

By Robert Romano – If congressional Republicans never had any intention of using the increase in the $14.294 trillion debt ceiling as leverage to extract big spending cuts from the Harry Reid-led Senate and the Obama Administration, they had ample opportunity after the 2010 elections to say so. […]

The House needs to do its job, pass an increase in the debt ceiling attached with hundreds of billions of immediate cuts to the 2012 budget, and send it to the Senate.  Then, if there needs to be anyone to blame, it will be Harry […]

By Bill Wilson – While Obama sits here and plays rhetorical games with the $14.294 trillion debt ceiling, attempting to sucker Republicans into increasing taxes, there are strong headwinds from across the Atlantic that threaten the U.S. economy. Greece’s default is inevitable. And the fate of the euro […]

By Rick Manning – For the second month in a row, the employment situation released by the Obama administration reveals that our nation’s economy is in severe distress. Last month’s data was universally described as disastrous and June’s is even worse when you look behind the already […]

By Bill Wilson – There is a con game being played on the American public. At the same time governments around the world are proposing increasing the amount of money banks must hold in reserve to 7 percent, they are rigging the definition of what constitutes risk. Dubbed […]

The unemployment rate for June of 2011 increased to 9.2%. Only 18,000 non-farm jobs were added in the month of June–far fewer than the projections that called for upwards of 90,000 jobs being created. The rate of 9.2% is the highest unemployment has been since […]

By Rebekah Rast – There is now no refuting that President Obama’s “stimulus” act was a failure. On July 1, the president’s Council of Economic Advisers released The Economic Impact of the American Recovery and Reinvestment Act of 2009, Seventh Quarterly Report .  The report made clear that the only real growth and impact of the president’s stimulus package was […]

By Bill Wilson – Left-wing pundits and their cronies in Congress delivered a well-timed second punch to the Obama news conference on the continuing fight over an increase in the U.S. debt limit today. While Obama tried to show he was “involved” in the negotiations, his henchmen […]