By Bill Wilson – The nation is risking a fiscal calamity that threatens a catastrophic default on the $14.2 trillion national debt and the collapse of the dollar as the world’s reserve currency.  If something is not done to bring the nation’s fiscal house into order, soon […]

Senator Marco Rubio is taking a courageous stand against increasing the $14.294 trillion federal debt ceiling. Writing for the Wall Street Journal , Senator Rubio outlined his conditions for approving any increase in the ceiling, which will be hit between April 15th and May 31st according to U.S. Treasury estimates. “I will vote to […]

Instead of playing defense against green pressure groups that peddle dubious allegations, private companies should follow the lead of Chevron Corp., which has pushed back aggressively against the plaintiffs’ attorneys in case that involves pollution allegations in Ecuador. Chevron has presented evidence that shows a […]

By Bill Wilson – On March 29, House Republicans led by Conference Chairman Jeb Hensarling unveiled a piecemeal approach to bringing an end to government control of mortgage markets that includes winding down Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac. In 2008, Congress and the Bush Administration placed Fannie and Freddie into conservatorship as the firms descended into insolvency. Since then, the government bailout has cost taxpayers […]

By Adam Bitely – Contrary to Robert Samuelson’s claim that TARP has been a success story , it has been anything but. Writing in the Washington Post, Samuelson claims that “[w]hen the entire financial system succumbs to panic, only the government is powerful enough to prevent a complete collapse.” Clearly, Samuelson has never taken an […]

By Rick Manning – The myth of the Obama recovery took another hit when new single family home sales for the month of February dropped precipitously by 16.9 percent, reaching a seasonally adjusted 250,000 unit annual rate.  The lowest rate for the sale of single family homes […]

By Robert Romano – In 2010, unemployment benefits exploded to a record high of $157 billion, according to the White House Office of Management and Budget .  The increase, up from $32 billion in 2007 and $42 billion in 2008, largely comes from Congress actively increasing the length of time under which benefits can be received, from […]

By Robert Romano – “If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when,” said Dallas Federal Reserve Bank President Richard Fisher after a recent speech at the University of Frankfurt . That is an alarming proclamation coming from a prominent central bank official. Not only because of the dire warning, but […]

The Federal Reserve has existed for almost 100 years and it has created depressions, recessions, inflation, and bubbles. This Center for Freedom & Prosperity Foundation video explains the origin of central banking and mentions possible alternatives that will be discussed in subsequent mini-documentaries.

By Robert Romano – House Republicans have unveiled a very strong presentation they are making to constituents while Congress is on recess this week .  It could indicate that a strong push is coming to rein in mandatory spending, meaning the $61 billion the House has proposed cutting from non-defense discretionary is only the beginning of the work to be done in bringing the nation’s fiscal House […]