News
WSJ | New Zealand Deficit Makes Surplus Plan Tougher
A wider-than-forecast budget deficit has made it harder for New Zealand's Prime Minister John Key to meet a promise to erase the shortfall within three years.
National Journal | Can Civility Save Us From the Fiscal Cliff?
Though politicians “demagogue” budget issues and use fear to get reelected, a more civil approach to negotiations based on mutual respect and compromise could achieve debt reduction less painful than many have assumed, a pair of federal fiscal combat veterans said at a panel on Tuesday.
Washington Times | ‘Fiscal cliff’ fight already drags on U.S. economy
Worries about the federal government’s “fiscal cliff” are taking their toll on the economy well ahead of the year-end deadline, which analysts say is looking like it may be more damaging in the run-up than in the reality.
CNBC | ‘Fiscal Cliff’ May Be Felt Gradually, Analysts Say
Come January, if Congress fails to act, spending cuts and tax increases large enough to throw the country back into recession will hit.
Econ Comments & Analysis
Washington Times | The U.S. expressway to Greece
When President Obama entered office, federal spending for fiscal 2008 already was way too high at nearly $3 trillion. Four years later, for fiscal 2012, Mr. Obama’s 2013 budget, released in February, shows he already has increased federal spending and the size of the federal government by more than 25 percent in just one term.
