Today’s quote of the day comes from Gordon Tullock: [I]ndividuals who enter a supermarket and purchase items of their choice are assumed, when they enter the voting booth, to vote not for the politicians and laws that will benefit themselves, but for politicians and laws […]

By Kevin Mooney — Republican Lawmakers are standing up to green pressure groups at the state level and The New York Times is getting nervous. The action in Maine, Florida and North Carolina has attracted media scrutiny because it demonstrates that Tea Party activists are exerting […]

By Bill Wilson –  According to a recent analysis by Reuters’ Steven Johnson and Daniel Bases , a threatened credit rating downgrade of U.S. treasuries by S&P, Moody’s, and Fitch could drag down state and municipal bonds, leading to higher borrowing costs at a time when governments are already strapped for cash. “All three major ratings agencies have said […]

Moody’s statement : “If the debt limit is raised again and a default avoided, the Aaa rating would likely be confirmed. However, the outlook assigned at that time to the government bond rating would very likely be changed to negative at the conclusion of the review unless […]

It becomes increasingly clear that ‘Cut, Cap, and Balance’ is going to be the only plan that can pass the House, and by default, might be the only “compromise” plan available. From The Hill : House Democratic leaders are attacking Senate Minority Leader Mitch McConnell’s (R-Ky.) debt-ceiling […]

Senator Tom Coburn, a member of the ‘Gang of Six,’ has admitted that the bill, if all of its $3.7 trillion in savings over ten years were even realized, would only  represent 40 percent of the solution to restoring order to the nation’s fiscal house.  Coburn said even if enacted, Congress is ‘going to have to change it because this is just 40 percent of the way.’  Only 40 percent of a […]

To receive the Must Reads in your inbox,  click here ! Good Wednesday morning, Here are the  Must Reads according to  Adam Bitely : Cut, Cap, and Balance passes the House House GOP should make Obama blink Harry Reid’s debt ceiling problem McConnell’s “Plan B” is a humiliating abdication of legislative responsibility Ron Paul: “We will default because the debt is unsustainable” The good, the bad, and the ugly of the Gang of Six plan… As debt talks continue, Feds are hiring–and never firing Cartoon of the day: “The Obama Poll Slide” No union, including SEIU, should be above the law The top 3 myths about the Great Depression and the New Deal

By Robert Romano – Now that the House of Representatives has passed the “Cut, Cap, and Balance Act,” it is up to the Senate to do its job. Harry Reid needs to pass something.  It has become his problem. The House plan makes any increase in the […]

By William Warren – My latest cartoon looks at Obama’s slipping poll numbers.

In a 234-190 vote, the ‘Cut, Cap, and Balance’ act has passed the House of Representatives. The Senate is now on the line to keep the momentum behind the legislation going. Here is what Rep. Jim Jordan, the Chairman of the Republican Study Committee, had […]