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 […]

By Bill Wilson – On January 20th, Representatives Jim Jordan (R-OH) and Scott Garrett (R-NJ) were joined by Senator Jim DeMint (R-SC) to introduce the “Spending Reduction Act ,” legislation that promises to cut $2.5 trillion out of the budget over the next ten years. Call it a good start. “This bill represents the first step in the process, not the last,” said Rep. Garrett. That’s good, because, […]

By Robert Romano – In a recent email to supporters , Senator Jim DeMint (R-SC) proposed tying an upcoming vote to raise the $14.294 trillion national debt ceiling to a balanced budget amendment. Not a bad idea. After all, why tie an increase in the debt ceiling to a single year’s budget cuts, […]

By Howard Rich – Paced by California and Illinois, state governments across the country continue to mimic the unsustainable fiscal excesses of the federal government – creating crushing deficits and soaring unfunded liabilities. Moreover, any state attempting to plug these holes with tax hikes or […]

By Adam Bitely – Obama has been quite busy reframing his image to the American people since the crushing results of the 2010 midterm elections. At the midway point of his first term, he is quickly attempting to cast himself as the middle-of-the-road independent in […]

By Bill Wilson – When he wrote the Wealth of Nations, Adam Smith warned against the “pretended payment” of sovereign debt, the creation of new money as a means of settling the debt. He wrote, “The raising of the denomination of the coin has been the most […]

By Howard Rich – Lost amid the partisan posturing over the proposed repeal of ObamaCare is a stark, unavoidable fiscal reality. Put simply: Our leaders have no choice but to scrap this socialized medicine monstrosity and start from scratch with a free-market approach. Not only […]