News
MarketWatch | Economy, U.S. debt in market spotlight next week
Economic data and the heated debate on Capitol Hill over raising the U.S. debt ceiling will likely be the biggest market catalysts next week, as U.S. investors brace themselves for a possible seventh straight week of losses.
Politico | Report: States deep in debt, too
The 50 state governments owe more than $1 trillion in unfunded pension contributions and health care obligations to retired public employees, according to an Associated Press survey of state-level budget data.
Fiscal Times | Majority of Experts Predict Debt Ceiling Deal
A substantial majority of Washington budget and policy experts surveyed by The Fiscal Times predicts the negotiators will beat the August 2 deadline set by Treasury Secretary Timothy Geithner.
Bloomberg | ECB and Germany May Be Forced to Compromise
The confrontation between the European Central Bank and Germany over bailing out Greece risks causing so much damage that officials may be forced to compromise.
Econ Comments
Cato Institute | Contrary to Keynesians, Cuts Help Default-Prone
One thing we should have learned is that a credible plan for deficit reduction requires action, not words.
Blogs
Heritage Foundation | Stimulate the Weak Economy by Cutting Corporate Taxes
...Congress and the President should pursue fiscal policies that stimulate the engines of economic recovery and growth.
Merginal Revolution | How to cut government spending
...cutting spending is easier to do than these accounts make it seem. Cut the rate of growth of government spending on health care...
Heritage Foundation | Deficits: Spending, Not Revenue, Is to Blame
Deepening federal budget deficits indicate that one component of the federal budget baseline—either spending or revenue—is out of alignment.
