News
Politico | Unsustainable budget threatens nation
Divided government is no excuse for inaction. The bipartisan National Commission on Fiscal Responsibility and Reform, issued a report on the problem in December supported by 11 Democrats and Republicans a clear majority of the panel's 18 members.
The Economist | No wriggle room
This was not the radical reforming budget it had been billed as. But its heart was in the right place.
Washington Times | Fears rise that Japan could sell off U.S. debt
Some analysts say that risk to U.S. economy unlikely.
Econ Comments
NRO | A (Cautionary) Tale of Two Budget Wars
Comparing the shutdowns in the mid-Nineties with today’s situation.
NRO | Worsening Our Fiscal Nightmare
We need honest, fact-based budgeting.
Blogs
Cato@Liberty | New Jersey Canceled for Lack of Funds
New Jersey is broke. In an effort to get the state back on its financial feet, governor Chris Christie has made across-the-board cuts--including cuts to public school spending.
NRO: The Corner | Re: The Folly of Defense Cuts
The way to prevent presidents from squandering our military might on questionable adventures is not by reducing the nation’s military capacity, but, as the late James Burnham reminded us, by having a Congress willing to hold such leaders to account and a public prepared to elect more prudent presidents.
Bankrupting America | March Spending Madness
In our opinion, the madness of college basketball in March is matched only by the madness of the federal government’s insistence on spending way beyond its means. And just like success on the court is determined by discipline and hard work, a sustained economic recovery will rely on fiscal discipline and making difficult (and sometimes unpopular) decisions.
Reports
CRFB | Social Security and the Budget
Three has been a good deal of discussion recently over Social Security's effect on the federal budget. Some argue that Social Security is an independent and self-financing program which does not add a dime to the deficit, while other suggest that it is the largest government program and - because it spends more than it raises- contributes to overal budget deficits.
