With the country heading toward ever-increasing debt, neither the Republican Congress nor the Democrat president appear prepared to take the needed action to solve the problem.

Another brutal day on Wall Street saw more record declines in oil prices and chaos in the stock markets worldwide.

The Obama administration has loudly touted reports that the U.S. economy has generated 14.1 million new jobs over the past 70 months and now sits at a 5.0 percent unemployment rate, but that's a highly manipulated statistic.

Stocks worldwide have been in a tailspin since the beginning of the year, triggered in part by the persistent decline in crude oil prices. Is this just a hiccup in a longer-term bull market or a long-anticipated correction?

Democrats and one Republican in the U.S. Senate joined forces on January 12 to protect the Federal Reserve from transparency and accountability, voting down the enormously popular “Audit the Fed” legislation that would have opened up the controversial bank's books to government auditors.