News
Bloomberg | California, Unsaved, Speeds Toward a Wall of Debt
A cursory glance at Governor Jerry Brown’s new budget could make you believe that California’s days of fiscal gloom are over as he champions a balanced budget and newfound “fiscal restraint.”
Econ Comments & Analysis
WSJ | How to Wage the Debt-Ceiling Fight
The debt limit must soon be increased, and President Obama insists that Congress give him the ability to borrow without any accompanying budget reforms or spending cuts. He argues that only a long-term, "clean" debt-limit bill is responsible fiscal policy, and that anyone who disagrees risks government default and a financial catastrophe.
Politico | Tough compromises are key to budget challenge
We are just days out from the year-end bipartisan deal to avoid the fiscal cliff, but it seems that Republicans have already returned to their partisan corner and are once again girding up to fight to protect the wealthiest Americans from paying a penny more in taxes.
CATO | America’s Spending Crisis
Despite four years of annual budget deficits of over US$1 trillion and the most sluggish economic recovery since World War II, voters have rewarded President Barack Obama with a second term.
Blogs
Market Watch | Democrats push bill to eliminate debt ceiling
A handful of House Democrats said Wednesday that they’ve introduced a bill to repeal the U.S. debt limit, something they say is a Republican tool of “blackmail” to force spending cuts.
