By Robert Romano — According to the Congressional Budget Office (CBO), the budget proposed by House Budget Committee Chairman Rep. Paul Ryan, and to be voted on by the House of Representatives, would be balanced by 2040. By his own numbers, the only time the budget would even be cut is in 2013 and 2014, and then by $94 billion [...]

By Bill Wilson — The IMF, which the U.S. funds, has already committed over $100 billion to bailing out Greece, Portugal, and Ireland.  Now with more money promised to Greece, that means the U.S. stake in propping up Europe will only grow. The U.S. needs to rescind its own $100 billion line of credit to the IMF, only $7 billion [...]

By Kevin Mooney — Even if Washington D.C. politicians manage to balance the budget and resolve the current fiscal crisis, the economy is not likely to recover within the current regulatory environment, Myron Ebell, the director and of energy and global warming policy for the Competitive Enterprise Institute (CEI) told listeners at the Conservative Political Action Conference (CPAC). Instead of [...]

By Bill Wilson — This legislation the House has passed that will extend the payroll tax holiday, unemployment benefits, and the “doc fix” for another year without paying for it will add $165 billion to the debt over the next three years. This is simply inexcusable. They are promising partial pay-for’s down the road, such that the ten year cost will [...]

Well, well, well. Looks like we have a case of hypocrisy with the author of the Stop Online Piracy Act (SOPA). Rep. Lamar Smith (R-TX) used a background image for his website that was not properly attributed to the artist, nor did he seek the proper permission: I contacted DJ [the artist], to find out if Lamar had asked permission [...]

Rep. Paul Ryan (R-WI) has announced that he will opposes H.R. 3261 Stop Online Privacy Act also known as SOPA! According to Rep. Ryan: “The internet is one of the most magnificent expressions of freedom and free enterprise in history. It should stay that way. While H.R. 3261, the Stop Online Piracy Act, attempts to address a legitimate problem, I believe [...]

We all remember GOP Rep. Fred Upton (MI-6) as a big supporter of the incandescent light bulb ban, but you have probably not paid attention to many of his other votes. Nonetheless, the Club for Growth Action put out the below video that gives you a pretty good idea of who Fred Upton, the Chairman of the House Energy & [...]

By Rebekah Rast — $10 to $40 versus $91 billion. That is what is up for debate in Congress.  Does the payroll tax cut extension, giving people an extra $10 to $20, maybe $40, in their paychecks worth it, all the while knowing this small tax break will continue to bankrupt an already insolvent Social Security program by another projected [...]

No deal is better than a bad deal on extending the payroll tax cut and unemployment benefits.  This plan will blow a $180 billion hole in the budget, and right now there are no offsetting spending cuts on the table to help pay for it.  Without offsetting cuts and/or real entitlement reforms, these proposals should not even be under consideration. [...]

Rep. Lamar Smith is attacking opponents of a free and open Internet by calling them liars. Just look at this press release from the official House Judiciary Committee website: Chairman Smith responded today to a letter that appeared in several newspapers from founders of Internet companies like Google, Twitter, and eBay regarding criticisms of the Stop Online Piracy Act. Many [...]