The Chicago Tribune reports on the budget proposal from Illinois Governor Pat Quinn: SPRINGFIELD — – Gov. Pat Quinn on Tuesday unveiled a caustic budget plan that would borrow billions of dollars to stay afloat and push even more debt down the road, hoping to persuade leery lawmakers to instead...

“As far as public debt is concerned, the United States is long-since on a par with Europe. More generally, you cannot adopt European ideas about government and hope to keep the minimal government cherished by the American revolutionaries.” –Dr. Guido Hülsmann, chairman of the economics...

Our government is on a spending spree, throwing away our tax dollars as if they were monopoly money. When you are doing things like providing cell phones for welfare recipients, it won’t be long before you run out of money, and even out of credit. President Obama has maxed out the national credit...

The following is by Dr. Mark W. Hendrickson, adjunct faculty member, economist, and contributing scholar with The Center for Vision & Values at Grove City College. High and/or rising unemployment is always a political liability for a president, and so Barack Obama has taken the offensive in trying...

The jig is almost up, if it isn’t already. The U.S. economy is non-existent. It is an illusion. We are owned by the Chinese, and most of our money doesn’t even exist. But now, China, one of the United States’ biggest creditors, is admitting it can’t keep buying U.S. bonds much...

The following piece was released today by the Center for Vision and Values at Grove City College. It is authored by Dr. Mark W. Henrickson, adjunct faculty member, economist and contributing scholar at the Center. What kind of prices do you prefer to pay when you go shopping—high or low? Unless you’re...

Tom DeWeese of the American Policy Center has written an article about the outrageous waste of the Obama Administration. Article is used with permission. The Obama Phone The nation is collapsing under the federal deficit and Washington can’t find a dime to cut from the budget. Here’s an idea. Stop...

Watch this CNBC clip and then see the photo of President Obama bowing before the Chinese premier. His bow is a metaphor for what has happened to America. We are servants and slaves to our debt and foreign nations who own us.

All Obama’s horses and all Obama’s men haven’t been able to put the economy back together again. The jobless rate continues to climb, up to 9.8% in September, with no signs of slowing. But, as Fox News reports, the real number may actually be higher.

The Federal Reserve has unparalleled control of the American economy, and essentially no accountability. In around 8 months, the Fed has spent or lent well over $1 trillion with no public record of where it all went—-and this isn’t including the off balance sheet transactions that the Fed...