News
Politico | The super committee's entitlement menu
The super committee is going to have to come up with at least $1.2 trillion in spending cuts by Nov. 23, and it’s going to be awfully hard to get that without dipping into the big health care entitlement programs — Medicare and Medicaid.
Econ Comments
Cato Institute | Delusions of Grand Expenditures
Many in the establishment media and, in particular, some of the commentators on MSNBC have referred to members of the tea party and their supporters in Congress who did not vote for the debt ceiling compromise as delusional or worse.
WSJ | China's Debt Addiction
Who is Beijing kidding with its chest-thumping economic lectures?
Daily Caller | Balancing the budget in one difficult step
Our national hue and cry about balancing the federal budget is nothing new. Balanced-budget-amendment proposals emerge, cicada-like, about every 13 years. After 15 minutes of fame, they typically go underground again.
Blogs
Heritage Foundation | It’s the Spending
Decades of over-spending and over-borrowing by the federal government have damaged America’s creditworthiness. Congress after Congress, President after President, the federal government spent every penny it took in—and borrowed over $14 trillion on top of that—to try to keep happy the voters to whom the government made promises it could not afford. The government kept shifting the burden of paying the bills forward onto future generations.
