News
Politico | Eric Cantor calls for tough balanced budget amendment
Majority Leader Eric Cantor sided with his party’s conservatives Monday, saying that he preferred that the House vote on a stronger balanced budget amendment than planned.
WSJ | Deficit Deal a Moving Target
A backlash by voters and markets is likely, and that outcome would be widely seen as a failure of this Congress.
Politico | Rare spending deal shapes up on Hill
A spending package of more than $182 billion took final shape late Monday after an intense week of House-Senate negotiations that posed a first test of how the two political parties will implement appropriations caps agreed to in the August debt accord.
Econ Comments
WSJ | A Short Econ Quiz for the Super Committee
Why an extra trillion in 'irresponsible' deficit spending can't become 'responsible' if paid for by higher taxes.
Washington Times | MILLER: Supercommittee a super dud
Smoke-and-mirrors deal means higher taxes.
CNBC | European Debt Crisis: You Haven't Seen Anything Yet
Though the daily market gyrations might indicate otherwise, realization is beginning to creep in that the European debt crisis and its effect on the U.S. will not take days, weeks or months to unwind—but years.
AEI | Can we tame the budget without squeezing the middle class?
Can we get the country on a sustainable spending path without raising taxes or cutting benefits on Americans who make $30,000 to $200,000 a year?
Blogs
American: Enterprise Blog | Five reasons why the FHA may need a $100 billion taxpayer bailout
Wharton’s Joseph Gyourko has released a stunning paper suggesting that the Federal Housing Administration may need $100 billion in direct recapitalization from Congress—something that has never been necessary since its founding in 1934.
American: Enterprise Blog | No good news from eurozone as debt crisis worsens
"It took Europe two days to go from fixed to fully broken all over again…"
