News
CNN Money | Will health reform ruling help or hurt deficits?
From the start of the debate over the current health reform law in 2009, one of the big questions was its impact on deficits.
WSJ | A Spanish Leader Emerges as a Crusader for Austerity
Thrown a lifeline to shore up its banks, Spain must now show it can fix its public finances—or face an even bigger bailout.
CNN Money | Crunch time for Congress on student loans
It's crunch time for Congress, with interest rates on student loans subsidized by Uncle Sam slated to double to 6.8% on July 1.
WSJ | States Face Pressure on Pension Shortfalls
New accounting rules are likely to show that public pension plans could face hundreds of billions of dollars in additional liabilities, putting new pressure on state and local governments to act.
Econ Comments & Analysis
Commercial Appeal | Deficits imperil our reserve currency status
As the situation in Europe deteriorates, global investors are fleeing to the dollar and to the safety of U.S. Treasurys -- the debt instruments of our federal government. With so much demand for Treasurys, our government is able to borrow money and pay virtually nothing in the way of interest.
The Telegraph | Reith Lecture: 'We’re mortgaging the future of the younger generation'
Critics of Western democracy are right to discern that something is amiss with our political institutions. The most obvious symptom of the malaise is the huge debts we have managed to accumulate in recent decades, which (unlike in the past) cannot largely be blamed on wars.
Blogs
AEI | We need a long-term solution to student debt
There are rumblings from Capitol Hill that the long national nightmare of the student loan interest rate saga may be coming to an end (for a year, anyway).
Think Markets | Krugman Redistribution or Ponzi Scheme
A nice thing about Paul Krugman, he does not mince his words. Thus his new book, End This Depression Now!, repeats as boldly as possible the central point he’s repeatedly made in his New York Times columns and blogs for years. Namely, governments have to spend a lot more.
