News
WSJ | President Delays Request to Raise the Debt Ceiling
President Barack Obama delayed submitting a request to Congress on Friday for a $1.2 trillion increase in the debt ceiling, setting up a renewed debate in January over the nation's spending and borrowing habits.
Econ Comments
Library of Economics & Liberty | Reducing Real Output by Increasing Federal Spending
"Political authorities are highly unlikely to match the right jobs with the right workers."
Blogs
EconLog | Christina Romer Breaks with President Obama
We already have a blueprint for a bipartisan solution. The Bowles-Simpson Commission hashed out a sensible plan of spending cuts, entitlement program reforms and revenue increases that would shave $4 trillion off the deficit over the next decade.
Mercatus Center: Neighborhood Effects | State finances going into 2012
In 2012, municipal bonds are unlikely to return at same levels as 2011…
Café Hayek | We Refuse to Lend to Us
Such a tax-induced reduction in productive output is a cost even of internally owed debt.
Calculated Risk | Merkel: 2012 "more difficult than 2011"
Not much of a "happy new year" in Europe ...
