News
WSJ | Europe Struggles With Painful Deficit Cures
A pledge by European Union governments to bring their swollen budget deficits back in line with EU rules by the end of 2013 is causing economic pain and political discontent across Europe, prompting officials to begin a politically sensitive discussion on how the goal could be changed to avoid driving the Continent further into turmoil.
Econ Comments & Analysis
Real Clear Markets | Some State Budgets Will Never Be the Same
When the U.S. Census announced earlier this month that state tax collections had increased robustly last year, by 10 percent, the news was hailed as further evidence that the economy was bouncing back and that state and local budget pressures were sure to diminish as a result of all that extra tax money.
Blogs
Keith Hennessey | America’s entitlement spending problem (part 1)
We must change policy to address both demographics and health cost growth, and we must address demographics in all three major entitlement programs: Social Security, Medicare, and Medicaid.
Tax Foundation | 1944 Tax Foundation Report Foreshadows Social Security Insolvency
In 1944, less than a decade after the enactment of Social Security, the Tax Foundation issued a dire report on the system's finances - specifically warning about the false sense of security of allowing balances to accrue in the so-called trust fund.
