Pages

Friday, January 11, 2013

Budget

News                                                                                                                             
CNN Money | Latest debt ceiling fix-it: IOUs
The list of sorry ways to address the unthinkable is growing. Call the latest debt ceiling work-around the IOU Plan.

Econ Comments & Analysis                                                                                            
WSJ | The Myth of Government Default
Three false arguments, pushed hard by the Obama administration and accepted on faith by the media and much of the political establishment, must be laid to rest if the American people are to understand the issues at stake in the federal "debt ceiling" debate.
Washington Times | Obama’s real problem
President Obama says the government doesn’t have a spending problem. This is like saying actress Lindsay Lohan doesn’t have an alcohol problem. It is the epitome of narcissistic self-delusion. If Mr. Obama truly believes this, then America is doomed to suffer national bankruptcy and economic collapse.

Blogs                                                                                                                             
Calculated Risk | Question #1 for 2013: US Fiscal Policy
US Policy: This is probably the biggest downside risk for the US economy in 2013. I assume some sort of fiscal agreement will be reached soon, but how much austerity will be included?