By Kevin Mooney — Although trial lawyers frequently have the upper hand in litigation built around environmental charges, they are taking a beating at the hands of Chevron Corp., which has been on a roll in U.S. federal courts. Through its U.S. discovery efforts, the […]

By Robert Romano – Since Sep. 2007, when the recession began, to Sep. 2011, we will have borrowed and spent an additional $6.469 trillion . In addition, since then the Federal Reserve has expanded its balance sheet (minus treasuries purchases) by an additional $1.117 trillion . In fact, the central bank has expanded its balance sheet in total by $1.930 trillion since then, but we’re not going to double-count its […]

By Bill Wilson – The U.S. has already defaulted on its debts. We’re just all politely pretending that we haven’t. But we have. According to Pimco, last year, the Federal Reserve — a central bank printing press — bought 70 percent of Treasury debt. The year before, […]

The unemployment rate increased to 9.1% in the month of May. Here is reaction from Americans for Limited Government President Bill Wilson : “There should not be any remaining doubters that Obama’s big government spending and the Federal Reserve’s quantitative easing policies are two of the most […]

By Robert Romano – Don’t play politics with the debt ceiling. That’s what the so-called experts have said. Just give the Obama Administration a clean vote increasing the $14.294 trillion borrowing limit. “I don’t see why anybody’s playing chicken with the debt ceiling,” chairman of the U.S. Council of Economic Advisers Austan Goolsbee commented on ABC’s “This Week” program in January . He warned that […]

By Bill Wilson – The New York Times has launched its trial balloon for the Federal Reserve to begin yet another round of so-called “quantitative easing” to, it thinks,  help the economy.  In its May 30 editorial, “The Numbers Are Grim,” the Times calls for the Fed to, among other things, “be prepared to continue measures […]

The House of Representatives will have a vote at 6:30 pm tonight on raising the debt ceiling. The bill that Congress is considering is a “clean” bill, meaning that the bill has no other items attached to it and will just simply raise the ceiling. […]

By Kevin Mooney – After expressing skepticism toward the concept of man-made global warming at a town hall meeting in Toms River, N.J. last year, Gov. Chris Christie appears to have shifted over into the alarmist camp. This has become a sore-point for free-market conservatives […]

By Bill Wilson – As Congress stands at an impasse over increasing the $14.294 trillion national debt ceiling, where Republicans are demanding trillions of dollars of spending cuts and Democrats trillions in tax increases, it is worth contemplating just how the nation’s finances have gotten so rapidly […]

Just because the U.S. hits the debt ceiling it does not mean that the U.S. immediately defaults on its debt, as popular left-wing claims have rang aloud. As I noted more than a month ago, the claim that we automatically default is a big lie . First, as Conn Carroll at the Washington Examiner noted today, […]