News
WSJ | Greek Vote Threatens Bailout
Premier Calls for Surprise Referendum Days After European Leaders OK Aid Deal.
National Journal | Boehner Has 'High Hopes' for Super Committee Deal
House Speaker John Boehner, R-Ohio, said on Monday he has “high hopes” the super committee will find “common ground” on a deficit-reduction plan, but emphasized that restructuring entitlement programs remains a key requirement for Republicans.
Politico | Social Security appears on deficit panel agenda
As a critical deadline for the supercommittee nears, Social Security appears to be on the negotiating table.
Roll Call | Awkward Hearing Set for Deficit Panel
With no clear indication they can address taxes or entitlements, members of the Joint Committee on Deficit Reduction are set for an awkward public session today as a veteran and bipartisan cadre of budget experts likely will insist any meaningful deal must address both.
Econ Comments
Politico | To deficit panel: Go big, long, smart
Like most Americans, we watched with dismay this summer as politicians failed to reach a timely agreement on raising the debt ceiling while crafting a plan to address our debt crisis.
Washington Times | DE BORCHGRAVE: Saving a buckling EU
s China now emerging as banker to the rest of the world? The United States owes China $1.3 trillion - out of a total U.S. public debt load of $14.1 trillion. The U.S. also owes almost $1 trillion to Japan.
Blogs
NRO: The Corner | Germany’s Latest Fiscal Adjustment: A Success
...when it comes to fiscal adjustments, the Germans have been really impressive. In fact, they may be among the best in that area, along with Canada.
Mercatus Center: Neighborhood Effects | Illinoisans Are Becoming More Realistic About Dealing with the Budget Crisis
Although Illinois has become the quintessential example of a state with a broken budget process, a recent poll by the Paul Simon Public Policy Institute provides evidence suggesting that there may be some positive change occurring among Illinois voters.
Marginal Revolution | Why is Greece turning down the “bailout”
The referendum will never be held. It is scheduled for January and the current deal, which is not even a worked out deal, won’t be on the table by then. It’s already not on the table.
