Obama has released his 2012 budget, making cuts that he and others have described as “painful” or “dramatic.” As George Mason University Economics professor Don Boudreaux wrote , “Only by Washington standards does a two-percent spending cut qualify as ‘dramatic.’” So why are these “painful” and “dramatic” cuts? For starters, the cuts are […]

By Bill Wilson – When House Republicans released their campaign promises for the 2010 election, they wrote they would “roll back government spending to pre-stimulus, pre-bailout levels, saving us at least $100 billion in the first year alone and putting us on a path to balance the […]

By Rebekah Rast – It is no surprise that the AFL-CIO and the United Steelworkers, among other union groups, are opposed to the U.S.-South Korea free trade deal. There aren’t many, if any, free trade deals they aren’t opposed to. Their argument for this particular […]

By William Warren – Be sure to contact your Representative in Congress to tell them to make the $100 billion government spending cuts. Just visit Keep the Pledge to contact your Rep. now!

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 […]