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Friday, February 3, 2012

Budget

Econ Comments & Analysis                                                                                            
Washington Times | The Greek bailout cycle
In Europe, every day seems to be Groundhog Day. The Greek economy woke up Thursday morning, saw its shadow and retreated for six more weeks of bailouts.
MSN Money | The world's $8 trillion debt hole
There's a huge pit of private and public borrowing we have to work our way out of to really get the developed world's economy moving again. And budget-cutting won't do the job.
Washington Times | Obama’s recipe for poverty
The CBO report by Congress‘ nonpartisan budgeteers reads like one of those disaster movies in which America is under attack by an alien enemy that destroys everything in its path.
Politico | Ben Bernanke: Spending 'unsustainable'
Federal Reserve Chairman Ben Bernanke told a congressional panel Thursday that shrinking the deficit “should be a top priority,” saying that spending projections over the next decade are “clearly unsustainable.”