Econ Comments & Analysis
National Journal | Bernanke Urges 'Primary Deficit' Gone Within 15 Years
The United States should eliminate its "primary deficit" -- the budget deficit save interest payments -- within 10 to 15 years, Federal Reserve Chairman Ben Bernanke said on Thursday.
Washington Times | State pensions in the red
Like the retirement programs of other state and local governments nationwide, the Empire State’s program is in the red, and it’s looking for $750 million in loans this year
Politico | Obama hasn't learned on spending
Three years later, it’s time to declare President Barack Obama’s $800 billion stimulus a failure. The stimulus may have the distinction of being the most money wasted by a piece of legislation in history.
Washington Times | Forget kids - today’s debt hurts adults
Fiscal conservatives unwittingly sabotage themselves by invoking “the children” when explaining the dangers of America’s ballooning national debt. They should spend lots more time discussing how federal red ink harms adults today.
Washington Post | The trillions the government doesn’t account for
Accounting standards may seem like a sleep-inducing subject to many people. But when retirement promises are improperly accounted for, companies and governments can go bankrupt, and hardworking Americans who have relied on the promises can suffer.
