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    RSC Balances the Budget While Obama Doubles Down on Debt

    Last week, Congressman Jim Jordan (R-OH) and Tom Price (R-GA) introduced the Republican Study Committee (RSC) FY2011 budget. This is a welcome fiscal blueprint that would restore fiscal discipline to the nation and avert a Grecian formula meltdown. It also does an excellent job of drawing a sharp distinction between … More

    A Humorous Look At The World Economy

    There’s nothing funny about the state of America’s finances, or those in even more dire straights in Europe. Greece has lined up a bailout from other European countries and the International Monetary Fund. The European Union has announced a trillion dollar defense fund to ward off attacks on the Euro … More

    Tweet of the Week: Debt Raises by a Trillion Dollars

    Government spending is increasing at an alarmingly quick rate. This is especially true when it comes to entitlement programs. In fact, entitlement spending will consume all tax revenue by 2052. But Congress is already spending at a breakneck pace accumulating unprecedented debt. Sen. George LeMieux noticed this and had a … More

    A Tale of Two Gushers: Oil and Spending

    Washington’s runaway gusher of spending makes the Deepwater Horizon disaster look small and simple to stop. Congress is debating another irresponsible round of extra spending (although they refuse to call it “son of stimulus”) before they take a Memorial Day break.  The measure would add an estimated $84-billion (or perhaps … More

    The Message to the U.S. in Germany’s Ascension

    Germany has taken the clear lead as the European sovereign debt crisis unfolds. This is an obvious outcome because of Germany’s relatively tight rein on government deficits and its policies that have made it Europe’s toughest competitor. Germany’s clear ascension is both good news and bad for Europe, and a … More

    "I'm Afraid To Tell You There's No Money Left"

    When Britain’s new Chief Secretary to the Treasury, David Laws, walked into his office last week, he found a letter from his predecessor, Liam Byrne. Laws assumed it contained useful advice. But when he opened the envelope, he found that the letter – which he characterized as “honest but slightly … More

    We’re Not Greece ... Yet

    In his latest New York Times column, Paul Krugman manages to make some useful observations before slipping into his usual role of distorting propagandist. His most important observation is in his title, “We’re Not Greece”. For that matter, we’re not Portugal or France, either, for all of which we can … More

    Cameron Faces a Massive Challenge Ahead

    Most people in Britain will be glad to see the back of the New Labour era after 13 years of socialist rule. Gordon Brown was a disastrous prime minister, whose list of achievements is nonexistent. He leaves behind a broken Britain, heavily in debt, fearful of its future, and in … More

    Five Reasons the UK General Election Matters to the United States

    British voters go to the polls on Thursday in the tightest political race in the UK in a generation. Several opinion polls have indicated the strong possibility of a hung parliament, with a Conservative minority government led by David Cameron as prime minister. In order to guarantee passage of legislation … More

    A Greek Tragedy in the Making

    The proposed €110 billion ($140 billion) Greek rescue package announced on Sunday may well not survive the week. Watching public sector workers storming the Acropolis in protest at proposed government spending cuts and tax increases, raises the question of whether the Greek Government itself can survive. Eurozone countries have agreed … More