News
National Journal | Business Groups Urge Action on Fiscal Cliff
A coalition of business groups led by the U.S. Chamber of Commerce has urged Congress and President Obama to act to avert the "fiscal cliff" of expiring tax cuts and automatic spending cuts. Economists have warned that the mix of higher taxes and budget cuts could send the country into a recession.
Econ Comments & Analysis
Real Clear Markets | Pension Woe Mounts As States Forsake Reform
With its feeble pension legislation last month, California joined a big club of states loudly proclaiming reforms that, in fact, do little to solve a problem that now stretches into the trillions of dollars.
CBO | Status of Discretionary Appropriations: FY 2013 House
Estimates of discretionary budget authority and outlays for fiscal year 2013.
Washington Times | Obama’s biggest lie
The president — whose campaign slogan ironically is “Forward” — is stuck in the past, looking backward as he rails against boogeyman Bush at every campaign stop.
AEI | Debt burdens choke growth
The European Central Bank’s bond buying plan coupled with the German Constitutional Court's upholding the legality of European bailout plans has quelled concerns about the European debt crisis for now, but debt burdens of all sorts are choking growth in most major nations.
Heritage Foundation | FY 2013 Continuing Resolution: Spends Every Dollar and More
Although the stopgap spending bill will usefully avoid a lame-duck spending debacle—which would likely produce an even worse result—it is in fact just another omnibus, spend-as-you-go measure that extends the federal government’s incoherent fiscal policy.
