News
National Journal | 'Super Committee' Timeline to Reduce the Budget Deficit
Congress returns from its summer recess and the joint select committee charged with reducing the deficit also begins its work in earnest this week. With talk of the deficit dominating headlines, here's a look at key dates for the committee.
Econ Comments
FT | Why austerity is only cure for the eurozone
Whatever role the markets may have played in catalysing the sovereign debt crisis in the eurozone, it is an undisputable fact that excessive state spending has led to unsustainable levels of debt and deficits that now threaten our economic welfare.
Fox Business | Three Easy Steps for a Debt-Free U.S.
An initial $1.2 trillion over ten years works out to $120 billion a year, about 3% of current spending. So, if we were borrowing about 42 cents out of every dollar we are now borrowing 39 cents.
Washington Times | MURRAY: Needed: Budget reforms to save money into the future
Americans are fed up with shadowy accounting trickery.
Blogs
Reason: Out of Control Policy Blog | Krugman's Achille's Heel on the Economy and Stimulus
They ignore the fact that how resources are allocated and for what is critical to long-run economic growth and sustainability. Their solution is simply to spend--large amounts, dumping as much money (as they think) the economy can withstand.
Heritage Foundation: Scribe | Chart of the Week: Your Share of the National Debt Is Growing Rapidly
The problem is Washington’s addiction to spending. For far too long both Republicans and Democrats have expanded government a pace that now threatens prosperity.
