News
Politico | Budget woes threaten infrastructure
The federal, state, and local officials with a large share of the responsibility for keeping the lights on and the spigots flowing must also deal with their own red ink. That means a problem of staggering proportions, especially considering many of the naiton's power plants, power lines and water systems are nearing the end of their useful life after enduring for more than a century.
Bloomberg | A Cautionary Tale of Three Fiscal Crises: Simon Johnson
In today’s world, there are three kinds of fiscal crises brought on by too much government spending, and three kinds of responses. We can call them the nightmare scenario, the preemptive experiment and the head-in- the-sand model.
Econ Comments
Daily Caller | Congress can’t keep raising the debt limit
Every day, millions of hard working business owners, and the good people that work with them, struggle to build a good life for themselves and their families. They are the backbone of America. They work hard and play by the rules. And they live within their means. Why can't Washington?
WSJ | Five Lessons for Deficit Busters
A recent study of successful deficit reductions found they averaged more than $5 in spending cuts for every $1 in tax hikes.
Washington Post | First rule of economics: Do no harm
Those who are concerned about the national debt and thereby oppose raising the debt ceiling risk adding dramatically to the debt if they refuse to act. Two leading economic officials made that point in different venues last week.
