Barack Obama, Harry Reid, and Mitch McConnell have reached a debt deal agreement, while Boehner possible holds out. The deal would cut as little as $2 trillion over the next decade. Boehner is supposedly concerned that the deal would cut too much from the Pentagon, and is still considering whether he will support the legislation. Further trouble for the compromise […]

Today is the 99th Birthday of Milton Friedman, one of the most important economists of all time! We remember him with this Friedman quote and video below (H/T to Don Boudreaux for running the quote at his fine blog, Cafe Hayek): When “fairness” replaces “freedom,” all our liberties are in danger. In Walden, Thoreau says: “If I knew for a […]

Harry Reid’s debt plan is the latest debt ceiling increase legislation to die in Congress. By a vote of 173-246, the House put the kibosh on Harry Reid’s debt plan. House Majority Leader Cantor announces that the House will not have any more votes until Monday at noon.

Here are the names of the 22 House Republicans that opposed Boehner’s debt plan: Justin Amash (Mich.) Michele Bachmann (Minn.) Chip Cravaack (Minn.) Jason Chaffetz (Utah) Scott Desjarlais (Tenn.) Tom Graves (Ga.) Tim Huelskamp (Kans.) Steve King (Iowa) Tim Johnson (Ill.) Tom McClintock (Calif.) Mick Mulvaney (S.C.) Ron Paul (Texas) Connie Mack (Fla.) Jim Jordan (Ohio) Tim Scott (S.C.) Paul […]

CNN’s Erin Burnett spoke with a source at S&P who said that Harry Reid’s plan would not cause a credit downgrade, but Boehner’s plan would: The question now is, why would House Republicans support a bill that will bring about the downgrade of the U.S.’s credit rating? Further, why are Republicans caving to Obama who has a 40% approval rating? […]

By Bill Wilson – The Obama Administration has been attempting to strong arm credit rating agencies to back off their threats to downgrade the United States’ Triple-A credit rating, and even to endorse the Reid plan in the Senate that falls far short of the agencies’ calls to cut at least $4 trillion to prevent a downgrade.  To the agencies’ […]

To receive the Must Reads in your inbox, click here! Good Friday morning, Here are the Must Reads according to Adam Bitely: Boehner urged to reconsider ‘Cut, Cap, and Balance’ A ‘AA’ credit rating hangs like an albatross around Obama’s neck Boehner debt plan might be voted on today… Does Boehner’s plan cut spending? Where is Obama’s debt plan? Fact checking the debt-ceiling […]

The following letter from Americans for Limited Government President Bill Wilson urges Speaker Boehner to hold another vote on ‘Cut, Cap, and Balance’ with a few amendments: July 29th, 2011 The Speaker of the U.S House of Representatives John Boehner U.S. Capitol Washington, D.C. 20510 Dear Mr. Speaker: You are to be commended for leading the House of Representatives to […]

Missouri Congresswoman Vicky Hartzler speaks with ALG about big government and cutting big government spending. Reporter Frank McCaffrey has the story.

By Frank McCaffrey – Government organizations like the EPA have cost a lot of people a lot of money. Yet we are told that they are doing good. That’s funny….they have done a lot to hurt people like Joe The Plumber and his quest for a job. Check out our take on this…