News
CNBC | Greece Agrees on Austerity Plan With EU, IMF
Greece won the consent of international lenders on Thursday for a five-year austerity plan intended to avoid looming bankruptcy and its prime minister pledged to push radical economic reforms through parliament.
Econ Comments
Washington Times | FERRARA: The final ticks of America’s bankruptcy bomb
Counting the overlooked liabilities make it even later than we thought.
Politico | Balance the budget by locking in savings
A bipartisan array of commentators, budget experts and former lawmakers — including New Mexico Sen. Pete Domenici, a Republican and former Budget Committee chairman, and Alice Rivlin, a Democrat and former White House budget director — agree SAVEGO has the potential to rein in deficits and restore fiscal sanity.
Blogs
Heritage Foundation | New Stimulus Plan Same as the Old: Spend, Spend, Spend
While the rest of the country talks about the urgent need to reduce the crushing debt burden and get the U.S. fiscal house in order, Senators such as Harry Reid (D–NV) and Charles Schumer (D–NY) propose spending even more.
NRO: The Corner | Re: Spend Our Way Out of Debt
I am stunned that Democrats would be asking for a new stimulus. First, this new request is an admission that the previous stimulus hasn’t worked — if it had they wouldn’t be asking for more stimulus would they? But then, why ask for more of something that failed in the past?
