News
Washington Times | Tax cheats got $1.4 billion in stimulus loans
Tax cheats were given $1.4 billion in government-backed mortgage loans under President Obama’s economic stimulus, and the government doled out at least an additional $27 million in tax credits to delinquents who took the first-time-homebuyer tax break, according to a government audit released Wednesday.
Econ Comments & Analysis
Market Watch | Germany's Merkel: No quick fix for debt crisis
Chancellor Angela Merkel told Germany's parliament Wednesday that there is no quick fix for the euro-zone's debt crisis and that the introduction of euro bonds at this stage would be "economically wrong," news reports said.
Forbes | Fiscal Austerity and Economic Prosperity
In this third and last of my entries on the “fiscal austerity” debate I discuss how, historically, prosperity has resulted not from the alleged “stimulus” of government deficit spending but from less government spending and big tax cuts.
WSJ | Let's Ban the Word 'Trillion'
The thing is, it should be really hard to ever get our heads around a "trillion." Very few of us have ever seen a trillion of anything with our own eyes. Maybe a trillion grains of sand, but not a trillion trees or a trillion stars.
