News
Market Watch | Treasury to auction $72 billion next week
The Treasury Department will sell $72 billion in notes and bonds next week in its quarterly refunding auctions, the government said Wednesday.
CNN Money | Debt inequality is the new income inequality
The bottom 95% of Americans have seen debt levels balloon compared to their earnings over the past 20 years or so, as falling incomes made them more dependent on credit to maintain their lifestyles.
Daily Finance | News About Social Security Trust Fund Shortfall Only Gets Worse
Last week's report by the Social Security Administration Trustees confirmed that the program's finances are still falling apart
Econ Comments & Analysis
The American | Europe’s Future on the Ballot
Depending on what happens this weekend, Europe should start bracing itself for a renewed intensification of its sovereign debt crisis.
CNBC | US Government Needs to Deleverage
The U.S. government will have to follow its citizens and corporates in deleveraging its balance sheet, Bob Baur, chief global economist, Principal Global Investors, said Wednesday.
Blogs
The American | Forward! Is Obama getting ready to leap off the fiscal cliff?
There’s some evidence that President Obama would consider letting all the Bush-era tax cuts expire (see above chart from Strategas Research) at year’s end, even though that would mean a massive tax hike on middle incomers during a time of economic weakness.
WSJ | Greenspan: Obama Should Have Embraced Simpson-Bowles
Former Federal Reserve Chairman Alan Greenspan on Tuesday said President Barack Obama should have immediately embraced the 2010 Simpson-Bowles deficit-reduction proposal.
National Review | Time to Replace Debt-producing Austerity With Debt-reducing Austerity
I made the case last week that there are two types of austerity measures: The one that successfully reduces the debt-to-GDP ratio (a combination of spending cuts and structural reforms) and the one that fails to reduce debt (a combination of spending cuts and tax increases, also known as the balanced approach).
The American | No, Europe shouldn’t abandon austerity
FT columnist Gideon Rachman offers a snappy and persuasive counter to those calling for Europe to abandon its fiscal austerity drive.
