By Rick Manning — Sometimes you really don’t want to be right. Unfortunately, that is the situation which I find myself in as the child of the debt deal, the Supercommittee, is due to submit its recommendations to cut a meager $1.2 trillion off of the national debt in the next ten years. Mind you, the cut is not from [...]

The House rejected a Balanced Budget Amendment today. According to Politico: The House voted 261-165 on Friday to reject a balanced budget amendment to the Constitution. The vote fell short of the two-thirds majority needed. The House last voted on a balanced budget amendment in 1995, which passed with a 300-132 vote.

By Rebekah Rast — The United States Post Office lost $8.5 billion last year.  If that were any private business, well, it wouldn’t exist any longer. But not the post office. Despite a 20 percent decrease in mail volume from 2006 to 2010, and package-delivery competition from UPS and FedEx, somehow the post office stays afloat.   But if it weren’t [...]

By Robert Romano — Normally, when the Senate passes a piece of legislation, and then the House passes something slightly different, it’s called the legislative process. Now, it’s a crisis. “Shutdown Fears Rise as House Passes CR That Cannot Pass Senate,” blares one headline. “Shutdown specter rises once more,” warned another. Still another read, “Shutdown Looms as GOP Bends to [...]

By Robert Romano – AA is now Barack Obama’s scarlet letter.  He is the first President to preside over a downgrade of our full faith and credit, and it is owed to no less than Obama’s $1 trillion annual expansion of the now $14.5 trillion national debt, which will top 100 percent of the $15 trillion Gross Domestic Product in [...]

By Howard Rich – Republican leaders in Washington, D.C. have failed another crucial test of their limited government resolve.  Rather than insisting on immediate cuts, entitlement reform, caps on future spending and a balanced budget requirement during the recent debt ceiling debate, the GOP has fallen victim to yet another “sky is falling” scam.  And so instead of achieving a [...]

Yesterday, the President signed into law the Budget Control Act of 2011, which provides for a total debt ceiling increase of between $2.1 trillion-$2.4 trillion, sets ten-year caps on discretionary spending, creates a Joint Select Committee on Deficit Reduction, and requires both houses of Congress to vote on a Balanced Budget Amendment.  Below are key dates to keep in mind [...]

In a 74-26 vote, the Senate has passed the debt deal that passed the House last night. The bill now awaits Obama’s signature. Most troubling about the vote is a report from The Weekly Standard that fiscal conservatives who opposed the debt deal would be barred from serving on the join committee that will be formed to make spending cut [...]

By Bill Wilson – Tolkien called it the “day the strength of men failed” when the people of Middle Earth failed to destroy the One Ring.  So it was with the votes to increase in the debt ceiling, as the American people have received little in exchange for allowing it to keep all of its powers to borrow with abandon. [...]

As more details emerge about the debt deal that was struck between Congressional leaders and Obama last night, the more this legislation needs to be killed (via Heritage below): The “Budget Control Act of 2011″ (BCA) contains provisions for a joint committee of Congress, whose supposed job it is to make recommendations to reduce the deficit by $1.5 trillion.  But [...]