Blogs
Market Watch | More secret talks? Senators eye grand plan to avoid ‘fiscal cliff’
The New York Times reports a group of senators is working on several proposals to prevent deep spending cuts and sharp tax hikes from taking effect on Jan. 1 as scheduled. Economists say the U.S. could fall back into recession if the fiscal cliff is not averted.
Mercatus Center | Discount rates and pension plans: 98 percent of economists agree….
According to their survey of 39 professional economists, 98 percent agree that public sector plans understate pension liabilities and costs by using high discount rates.
AEI | America and a ring of fire … of debt
President Obama says the ballooning national debt isn’t a short-term problem. I dunno, 2020 doesn’t seem so far away to me. Bond manager Bill Gross contends Washington needs to cut the debt “rather quickly over the next five to 10 years.”
