News
CNS News | U.S. Debt Jumped $72 Billion Same Day U.S. House Voted to Cut Spending $6 Billion
If Congress were to cut $6 billion every three weeks for the next 36 weeks, it would manage to save between now and late November as much money as the Treasury added to the nation’s net debt during just the business hours of Tuesday, March 15.
Fox News | Spending Debate in Congress Divides GOP
Tea Party-backed Republicans, including many of the party's 94 freshmen lawmakers, favor a GOP spending bill that cuts more than $60 billion…
Washington Times | In face of government shutdown, it’s still party time
There usually are up to a half dozen fundraisers happening at once across the city over breakfast, lunch, dinner or after-hours get-togethers.
WSJ | Bowles Predicts Support for Deficit Deal
Democrat Erskine Bowles, who co-chaired the White House's deficit-reduction panel last year, predicted Wednesday evening that 35 to 40 additional U.S. senators would back a deficit reduction plan being drafted by a group of lawmakers known as the "Gang of Six."
Econ Comments
Minyanville | Will Earthquake in Japan Trigger Country's Debt Problems?
Japan has many serious problems, but the lack of ways and means to finance public deficits and debts related to disaster reconstruction is not one of them.
Reason Foundation | Downgradocalypse 2015
How out of control debt could tangibly hurt America.
Washington Times | KIRK: Already too late to stop debt crisis?
We are borrowing more than $5 billion per day. That’s $35 billion per week to run our government, totaling more than $1.5 trillion in borrowed money just to run it this year.
Blogs
Cato@Liberty | Tough Breaks for the Blame-Cheap-States Crowd
...external factors such as decreasing state subsidies are not the main culprit behind skyrocketing prices. Student aid is, because it allows colleges to increase their prices with impunity.
NRO: The Corner | The Trust Fund Is an Asset to Social Security, But So What?
The fact that the assets are real isn’t changing anything for taxpayers, and it’s certainly making our deficit and our debt bigger.
