News
WSJ | Spenders Become Savers, Hurting Recovery
...total household debt—through payment or default—fell by $1.1 trillion, or 8.6%, from mid-2008 through the first half of 2011, according to the Federal Reserve Bank of New York. Auto loan and credit-card balances in August had their biggest drop since April 2010, the Federal Reserve said.
Econ Comments
Washington Post | Where are the Clinton and Bush apologies for our budget crisis?
They would apologize for not tackling Social Security and Medicare when they had the chance.
Blogs
NRO: The Corner | Austan Goolsbee Flunks ‘Cash for Clunkers’
Austan Goolsbee recognizes that there is a lot he doesn’t know. Yet this lack of knowledge doesn’t stop him — and many others — from making policy recommendations and pushing for spending programs that will cost taxpayers billions.
