News
RCM | Why a Balanced Budget Amendment Is Doomed To Fail - For Now
So while Congress loves to tout rules that sound tough, it also loves to write those rules with plenty of loopholes and the assurance they can easily be circumvented.
Econ Comments
Washington Times | PRIEBUS: Rising debt, rising China
Profligate borrow-and-spend practice makes us beholden to oppressive power.
AEI | Our super-pathetic debt super committee
The fact that both sides are deadlocked on entitlements and taxes is no excuse for failing to agree on any spending cuts whatsoever.
Washington Post | Why there’s a debt stalemate
Contrary to much press coverage, the committee’s Republicans opened the door to compromise by abandoning — as they should have — opposition to tax increases.
Blogs
Cato @ Liberty | Adios Balanced Budget Amendment
House Republicans wanted a vote on a BBA for political purposes. The GOP wanted to be able to present the Democratic “no” votes to voters as proof that those particular members aren’t serious about reining in the exploding federal debt.
Minyanville | Europe Debt Crisis Dilemma: ECB Buying Sovereign Debt vs. Fiscal Consolidation
Europe has been running on cheap, borrowed money and borrowed time. Both are running out, and it will soon have to make some tough choices.
