By Bill Wilson – When the 2012 Fiscal Year begins for most states on July 1st, they will face approximately $125 billion in budget shortfalls, according to the Center for Budget and Policy Priorities . The Center accounts for the shortfalls because of the sharp decline in tax collections, 12 percent less than pre-recession levels. This […]

The latest video from the Center for Freedom and Prosperity explains the answer to this question with four reasons why “Big Government” leads to bad fiscal policies: (H/T Dan Mitchell )

By Robert Romano – 100-year Treasury bonds? Sooner or later, this may turn out to be reality, as it becomes increasingly clear that the U.S. never has any intention of paying its $14 trillion national debt off. As reported by Reuters , at a recent Treasury meeting discussing financing options for […]

By Kevin Mooney — What happens when you offer up a death wish aimed at the governor of New Jersey? The answer is you receive a standing ovation from hundreds teachers union members who are accustomed to lavish benefit packages and compliant elected officials who […]

While everyone enjoys the Super Bowl this year, you can also enjoy this nice info-graphic from the good folks over at CRAFT Media/Digital that puts the size of our nations debt into easy-to-understand football terms. From Michael Turk at Craft Media/Digital : Since this week marks the big game, we […]

By Robert Romano – Imagine a borrower looking to take out a home mortgage, and the lender does a credit check only to discover that the borrower never actually repays any of his debts. Instead, every year, he just takes out ever larger loans and uses credit […]

By Adam Bitely – As the new Republican Congress debates where it will cut back spending, Amtrak is one place they could start with. If there is any example of ludicrous, wasteful government spending, Amtrak is definitely the place to look at. To begin with, […]

By Bill Wilson – On January 26th, the Congressional Budget Office (CBO) announced that the budget deficit would top $1.5 trillion in 2011 , the highest ever on record. That is mostly because of the unpaid-for $56 billion extension of unemployment benefits and a $120 billion cut in payroll taxes on employees from December’s tax deal. Because there were no offsetting spending cuts […]

By Kevin Mooney — What is a green job? That question has a special relevance here in the early part of 2011 now that Team Obama has altered its environmental strategy. When he campaigned in 2008, President Obama said he would create 5 million new […]

By Robert Romano – On January 25th, Senate Minority Leader Mitch McConnell declined to criticize Barack Obama for avoiding entitlement reform in his State of the Union Address. “I’m not surprised he’s not going to say what he’s going to do on entitlements. I wouldn’t either,” he […]