News
Washington Times | Unions at crossroads in states’ budget wars
Public employee unions, the last bastion of an American labor movement in decline, are facing the fight of their lives this year as strapped state and local governments seek to permanently downsize their pensions, pay, benefits and bargaining rights.
WSJ | Public Pension-Fund Squeeze
It Is Actuaries vs. Local Governments Over Return Rates; 'We Cannot Afford This'.
Bloomberg | Osborne Cuts 2011 U.K. Growth Outlook to 1.7% in Budget
...the British economy will more grow more slowly than forecast in 2011 and the U.K. will need to borrow more than previously thought in the next five years.
Econ Comments
American | Maybe Americans Really Are Ready for Spending Cuts
While some commentators despair of public receptivity to tough spending cuts, a review of the polls suggests the public is ready and willing to accept them. If only Washington would get on board.
NRO | Are We Broke?
On both measures of debt, we are in trouble.
Blogs
Cato@Liberty | Return to Debt Mountain
Last year I noted that the White House Office of Management and Budget homepage featured a call from the president to “invest in our people without leaving them a mountain of debt.”
WSJ: Real Time Economics | Global Fiscal Positions: How Does U.S. Rank?
The U.S. was ranked 28 out of the 34 countries analyzed.
Cato@Liberty | Are Republicans Winning the Budget Battle but Losing the Budget War?
Among advocates of limited government, there is growing unease about the fiscal fight in Washington.
Reports
Heritage Foundation | Obama’s 2012 Budget: Higher Taxes, Slower Growth
President Obama recently unveiled his 2012 budget proposal and the 43 tax hikes it contains.
