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 [...]

By Robert Romano — Those concerned about the ongoing debt crisis in Europe — and its potential spreading to the U.S. — should pay close attention to a meeting between French and German leaders this weekend. At issue are the terms of leveraging the €440 billion European Financial Stability Fund (EFSF) up to €2 trillion with freshly printed euros from [...]

By Robert Romano — The next depression is already here.  It is a realization this author does not come to lightly, but unless and until the capital regime formalized internationally in Basel, Switzerland in 1988 is brought to a swift conclusion as the greatest colossal mistake ever made in financial history, the global economy will be in a constant state [...]

By Robert Romano — Ever since the U.S. gold standard was weakened in 1913 with the creation of the Federal Reserve system, then again during the Great Depression, when the domestic supply of gold was confiscated in 1933, and finally eliminated all together by Richard Nixon in 1971, when international convertibility was suspended, debate has raged over whether we are [...]

By Kevin Mooney — Do not sit back and wait for the federal government to reform itself. Instead, allow the states to take the lead in getting the federal debt under control; this is the central message of the National Debt Relief Amendment, which reads as follows: “An increase in the federal debt requires approval from a majority of the [...]

By Howard Rich – In addition to preserving the inalienability of our individual liberties, limited government ideology has always revolved around the belief that the invisible hand of the free market creates more prosperity for more people than command-and-control economic wealth redistribution. Actually this isn’t so much a belief (or theory) as it is an incontrovertible economic law. Unfortunately, this [...]

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 [...]

For the first time in modern history, the U.S. credit rating is less than AAA. S&P’s has downgraded the U.S. credit rating to AA+. S&P’s specifically called out the debt plan that Congress passed and Obama signed earlier this week. According to S&P’s, the plan dos not go far enough in dealing with out of control spending and ever rising [...]

By Robert Romano – In a recent column for the Wall Street Journal, Holman Jenkins criticized rating agencies for threatening to downgrade the United States’ Triple-A credit rating because, he writes, “the debt to bondholders will be the last to be dishonored.” As such, the U.S. is nowhere near default. That may be so — for now. But the reason [...]

Boehner’s debt plan is in jeopardy in the House of Representatives. Republican Study Committee (RSC) Chairman Rep. Jim Jordan has come out against the plan. Rep. Jordan stated, “While I thank the Speaker for fighting for Republican principles, I cannot support the plan that was presented to House Republicans this afternoon.” Further, Jordan told the Washington Times, “There are not [...]