By Bill Wilson – Congress has a huge dilemma. As it considers whether or not to approve legislation that will prevent tax increases for all Americans for two years, cuts Social Security payroll taxes for employees, and extends unemployment benefits, it has to choose between two very […]

In a rare press conference from the most transparent administration in history, Obama promised today that the unemployment rate will be going down. This announcement comes on the heels of the unemployment rate increasing to 9.8% last week . According to Obama, when asked by a Bloomberg reporter , “My expectation is that the unemployment rate is going […]

By Adam Bitely – Last week, Hal Scott, a professor of international finance at the Harvard School of Law, brought to light that the Obama administration is making troubling moves in regard to their acceptance of sovereign default. With bailouts of the EU from the U.S. swirling about , creditors should be concerned that they will never see […]

By Bill Wilson – The only credible way to seriously address the debt crisis is through spending cuts, not tax increases, says the International Monetary Fund (IMF). In a recent study, the IMF writes , “the tax burden is already high in several advanced economies, which means that a large part of the adjustment […]

Back in 2008, Zimbabwe congratulated the U.S. and the Federal Reserve for taking steps similar to those taken by the central bank of Zimbabwe, which led to 79,600,000,000% inflation : As Monetary Authorities, we have been humbled and have taken heart in the realization that some leading Central Banks, including those in the USA and the UK, are […]

By Rick Manning – 15.1 million Americans unemployed. The entire state of Ohio has a population under 12 million people. The commonwealth of Pennsylvania is at around 12.5 million people. Illinois is around 13 million. In fact, every state except California, Florida, New York and Texas, has […]

By Robert Romano We can’t say we weren’t warned. On October 1st, 2008, Senator Jim DeMint hypothesized that one of the principal causes of the federal government’s plan to purchase toxic mortgage-backed securities as part of the $700 billion Troubled Asset Relief Program (TARP) was to bail […]

By Kevin Mooney — Without the leadership of Sen. James Inhofe (R-Okla.), the leading skeptic on the science of man-made global warming in the U.S. Senate, anti-energy legislation may well have become a reality. He is the indispensable in the fight against “cap and trade” […]

DEVELOPING. On Thursday, the Department of Labor’s Public Affairs chief Carl Fillichio stated that CNBC covering the release of the latest unemployment situation report on-site at DOL was, “a terrific reflection of the great work we do at the department, and a unique opportunity to show it off!” Is 9.8% unemployment a reflection of […]

The latest video from the Center for Freedom and Prosperity debunks Keynesian economics. Politicians and journalists who fixate on consumer spending are putting the cart before the horse. Consumer spending generally is a consequence of growth, not the cause of growth. This Center for Freedom and Prosperity video helps explain […]