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    The United States of Argentina?

    Is President Obama channeling Juan Perón? The President does seem to have a few things in common with the political descendants of the late Argentine dictator. For example, due to ongoing lawsuits stemming from Argentina’s still unresolved $100 billion sovereign debt default in 2001, Argentina’s current president, Peronist Cristina Fernández … More

    Morning Bell: Don't Raise Debt Ceiling Without Balancing the Budget

    All across America, families are balancing their budgets and even paying off debt. Since the financial panic of 2008, personal debt has fallen as Americans tighten their belts and pay back loans. Some, unfortunately, had to declare bankruptcy because their debts got too big. Washington cannot declare bankruptcy; it must … More

    Morning Bell: "Default" Is a Red Herring in Debt Ceiling Debate

    Yesterday, President Obama accused his opposition in Congress of threatening to “default” on America’s loans in order to make a political point. I am not going to have a monthly or every three months conversation about whether or not we pay our bills because that in and of itself does … More

    Obama's Press Conference: Debt Ceiling Spin

    President Obama referred repeatedly to the debt ceiling debate in today’s press conference in a textbook example of Washington “spin,” or the art of selectively ignoring certain facts while portraying others in a particular light. “You don’t go out to dinner and then, you know, eat all you want and … More

    Generation Y: A Taste of What Is To Come for Generation Debt

    You may be wondering whether anyone, after all, went over the fiscal cliff at the end of December. News reports about Congress’s last-second legislation certainly conveyed the impression that everyone stepped away from that fateful edge. However, if you are under the age of 35, that rushing sound you hear … More

    Morning Bell: Taxes to Rise on Most American Workers

    Representative Nancy Pelosi (D-CA) called it “a happy start to a new year.” That probably tells you all you need to know about the fiscal cliff deal that passed the House last night. The bill—which President Obama has promised to sign, though he took off for Hawaii again after the … More

    Morning Bell: Tax Hikes to Start the New Year

    While you were sleeping—or ringing in 2013—the Senate voted to raise taxes. After missing the midnight deadline, Congress and the President have technically sent the nation over the fiscal cliff, meaning higher tax rates are already in effect for all income tax brackets. But the Senate’s deal, brokered by Senate … More

    The Eleventh Hour: Still Time Left to Stop Massive Defense Cuts

    The threat of sequestration—the half-trillion dollar cut to defense set to occur January 2, 2013—has been debated and prevention plans have been discussed since before it was even written into law. The budgetary measure was written to be so unpalatable that Congress and the Administration would have to find a … More

    Debt Limit: What Does It Mean to Raise It? (VIDEO)

    Raising the debt limit when you are already in debt and have no serious plan to cut spending isn’t good sense—for individuals or for governments. The federal government is borrowing more and more money without a plan to balance its budget now or in the future—just like the wayward father … More

    Morning Bell: GOP Leaders Capitulate on Core Conservative Principles

    House Speaker John Boehner (R-OH) and Republican leaders have done it once again. Their latest fiscal cliff proposal capitulates on core conservative principles, yielding woefully inadequate concessions from President Obama in the process. Will they ever learn? The latest GOP offer essentially ignores Washington’s real problem — spending — and … More