News
CNN: Money | One California budget fix: Abolish death row
Taxpayers have spent $4 billion since 1978 on California's capital punishment system -- and with only 13 executions to show for it. That’s about #308 million per execution.
Fox News | Europe debt crisis shadows Fed meeting on economy
Financial markets have been gripped by fears gthat Greece will default on its debt. Orther European natiosn with heavy debt burdens such as Ireland Portugal Spain and perhaps Italy, could be at risk, too.
National Journal | White House Mum on Possibility of Short-Term Debt-Ceiling Hike
The White House would not say whether President Obama would accept a short-term debt-ceiling increase as a stopgap measure if the deficit-reduction talks being led by Vice President Joe Biden fail to advance any action by the time the U.S. hits the limit on August 2. The idea was floated by Senate Minority Leader Mitch McConnell, R-Ky., on CBS’s Face the Nation over the weekend.
Econ Comments
WSJ | The Fiscal Pledge We Need: Cut, Cap, Balance
Congress has never failed to increase the debt limit. This makes having a debt limit functionally useless.
Daily Caller | Marc Nuttle’s debt wall and why Barack Obama’s presidency may crash into it
Administration officials say that what’s happening in Greece can’t happen here. They should consider the work of my friend Marc Nuttle.
Blogs
Heritage Foundation | Make Easy Spending Cuts, But Don’t Disregard Entitlement Reform
Getting the nation’s spending—and ultimately the debt—under control cannot be done solely by cutting funding for research on pickle technology or eliminating subsidies for the Brazilian Cotton Institute, other examples the ad mentions.
