It has been just over a year since Congress and President Obama passed the Dodd-Frank Wall Street Reform and Consumer Protection Act. The massive piece of legislation was intended promote financial stability and prevent another major Wall Street collapse. One year later, most of the rules and regulations required by the law have yet to go into effect.

Behind the scenes, while Washington and the United States focus on the debt crisis, President Obama’s EPA has been quietly implementing one of the most radical and costly policies of his administration. Ever since the failure of cap-and-trade, the administration has turned to the EPA to carry out its radical environmental agenda.

A battle royal is brewing between the Republican-controlled House of Representatives and the Obama administration over increasing the debt ceiling. The House recently rejected a “clean” bill to raise the debt ceiling that did not include any spending reforms. With the economy lagging and voters rejecting the notion of spending our way to prosperity, the debate over spending is now front and center on the domestic policy agenda. Unfortu-nately, Democrats have failed to address the issue.