CBO to Congress: Spending & Debt “Unsustainable”
Congressional Budget Office Director Douglas W. Elmendorf gave a fiscal wake-up call to Senate Budget Committee members in testimony on July 16, noting...
Economic Commentary
Fed Backers Scared by Ron Paul’s Audit Bill
Congressman Ron Paul’s H.R. 1207, calling for an audit of the Federal Reserve, has...
Gregg Knocks Obama Deficits
Sen. Judd Gregg, R-NH, knocked the spending plans of the Obama administration Tuesday, one...
Recession Far From Over, Says Zuckerman
The economy isn’t out of the woods yet, not by a long shot. That,...
VP Biden: “We misread the economy” and other lies
Asked by This Week’s George Stephanopoulos about the Obama Administration’s terrible economic prognostications in...
Free Bernie Madoff? That’s a Little Too Much
The Ludwig von Mises Institute’s Jeffrey Tucker recently published a column entitled "Free Bernie...
California’s Economic Implosion
California, the "Golden State," is not golden anymore. It has the biggest debt, the...
Calif. Bonds Totter as State Issues IOUs
Back in February, California politicians and taxpayers received a wake-up call, but, apparently, the...
Obama Wants Consumer Financial Protection Agency
The Obama administration on June 30 unveiled its latest attempt to put an end...
Whither the Dollar?
As the fallout from the global financial crisis continues, the burning question in international...
Federal Reserve Hiring Lobbyist for Political War
The Federal Reserve caused the current economic crisis by suppressing interest rates and creating...
Interest Cost of New Federal Debt Skyrockets
The Obama administration’s efforts to borrow the U.S. economy into prosperity are meeting more...
Obama’s IMF Sneak Attack
A hundred and eight billion dollars — $108,000,000,000. Not exactly an eye-popping sum anymore,...
Credit Card Meltdown Hits Banks
Next up for ailing mega-banks: a credit card meltdown. No surprise here, really; Americans...
Social Security, Medicare Running Out of Money Faster Than Expected
Social Security and Medicare, Big Government’s two most cherished social-welfare programs, are running out...