News
CNN Money | U.S. debt $417 billion below the debt ceiling
Republicans are trying to make political hay of the fact that the federal gross debt this week crossed the $16 trillion mark.
Econ Comments & Analysis
Forbes | The National Debt: $16 Trillion Dollars Of Moral, Cultural And Political Decay
Wow! We’ll soon cross Sixteen Trillion Dollars in Federal Debt! S-i-x-t-e-e-n T-r-i-l-l-i-o-n D-o-l-l-a-r-s. That’s a lot of vote buying even for Washington. Is this ruin?
Blogs
AEI | America’s real long-term fiscal problem: The federal government has become a gigantic wealth-transfer machine
The charts above illustrate two disturbing trends that help frame the long-run fiscal challenges confronting the U.S. that far outweigh any possible near-term fallout from the pending “fiscal cliff” that the federal government faces at the end of this year.
Economist | A modest proposal
Peer Steinbruck, strongman of Germany’s opposition social democrat party (pictured), would like the European Investment Bank (EIB) to take over from the European Central Bank (ECB) as the chief source of emergency funding for the euro-zone periphery.
WSJ | Have Something to Say About U.S. Debt? E-Mail the Treasury
Politicians had plenty to say Tuesday when new data showed the total U.S. government debt topped $16 trillion late last week. They weren’t the only ones.
CATO | Does the $16 Trillion Debt Matter? A Remedial Lesson in Public Finance Economics for the GOP
For some inexplicable reason, I’ve decided that one of my responsibilities is to educate a backwards and primitive people who seem impervious to common sense, simple logic, and strong principles.
