News
CNN: Money | Jerry Brown vetoes California budget
Brown, who has promised for months that he would present Californians with a gimmick-free budget that solves the state's $26 billion deficit with a combination of tax extensions and spending cuts, said the legislators' budget was not a balanced solution.
CNN: Money | Is the U.S. like Greece?
Deficit hawks often cite Greece's debt nightmare as a cautionary tale for the United States
National Journal | Biden Group Gives Itself July 1 Deadline
Six lawmakers led by Vice President Joe Biden and charged with developing a deficit-reduction plan met for the third time this week and agreed on Thursday to give themselves until July 1 to come up with an agreement or decide not to continue.
Econ Comments
Washington Times | GHEI: Lessons from the Great White North
Canadian economy shows spending cuts and tax cuts stimulate growth.
WSJ | How to Deal With the Debt Limit
The White House and Congress should agree to a hard cap on spending.
Bloomberg | Greenspan Says Greece Default ‘Almost Certain,’ May Trigger U.S. Recession
The problem you have is that it’s extremely unlikely the political system will work” in a way that solves Greece’s crisis, Greenspan, 85, said in an interview today with Charlie Rose in New York. “The chances of Greece not defaulting are very small.”
Blogs
Heritage Foundation | Slay the Beast: How You Can Save Us From the Massive Debt
There’s a lot of talk in Washington these days about debt — and for good reason. The federal government reached the $14.3 trillion debt ceiling one month ago today. And the Obama administration has set a date of Aug. 2 for Congress to raise that limit.
