Econ Comments & Analysis
Roll Call | House GOP Leaders Look to Lower Budget Number
Under increasing pressure from conservatives, House GOP leaders are poised to lower budget levels below what appropriators have said they need to pass spending bills this year.
CATO | Hitting the Ceiling
Last summer’s agreement, you will recall, raised the federal government’s debt limit from $15.194 trillion to $16.394 trillion in exchange for promised future reductions in spending.
Blogs
Tax Foundation | Academics Find Tax Progressivity Makes for More Debt and Higher Entitlement Spending
In the latest volume of the Independent Review, Jody W. Lipford and Bruce Yandle present both a theoretical and empirical case for why the increased tilting of the federal tax burden to higher-income earners makes for unstable governance.
Daily Capitalist | Historically High US Debt Bomb
Here is data from the Mercatus Center’s Veronique de Rugy on U.S. public debt. Not an encouraging scenario
NY Times | Study Finds a Growing Student Debt Load
A federal report released this week “suggests that as many as 27 percent of the 37 million borrowers have past-due balances of 30 days or more,” Andrew Martin and Ron Lieber report.
