News
Politico | Next up: Sequester, budget resolution
Now that the debt ceiling fight has been delayed until May, the next big fiscal drama deadline is March 1, when the spending cuts of the sequester take effect.
Econ Comments & Analysis
Real Clear Markets | The Unavoidable Federal Debt Debate Impasse
Congressional Republicans are seen as the primary obstacles to addressing the nation's burgeoning public debt-now over $16 trillion-but this says more about the deftness of Democratic Party political spin than a real resolution of America's fiscal problems.
Washington Times | Knocking fiscal sense back into government
How can senators and congressmen in Washington go home and tell their kids and grandkids they have a bright future ahead of them? This is a serious, bipartisan question. Washington politicians have consistently failed to tackle the spending problem in this country, and these supposed leaders have proved they are willing to steal nearly half of every dollar spent in this country from the future income of their children and grandchildren.
CBO | H.R. 325, a bill to ensure the complete and timely payment of the obligations of the United States Government until May 19, 2013, and for other purposes
H.R. 325 would temporarily suspend the limitation on borrowing by the Treasury through May 18, 2013. On the following day, the current debt limit of $16.394 trillion would be raised by the amount of borrowing above that level during the period in which the limitation was suspended.
Blogs
CATO | Is Anybody Surprised that Krugman Was Wrong about U.K. Fiscal Policy?
Just like in the United States, politicians in the United Kingdom use the deceptive practice of “baseline budgeting” as part of fiscal policy.
Library of Economics | When is a Spending Multiplier "Big"?
Two papers I saw presented this morning took very different approaches to reach a similar conclusion--inside a currency union there can be big fiscal policy multipliers.
