Econ Comments & Analysis
AEI | There certainly is a difference between pink unicorns and spending cuts
House Republicans were wise to suspend the debt ceiling until the middle of May, effectively resequencing the series of upcoming fights over the federal budget. They are now poised to make their stand in March, using pressure points provided by the sequester - the across-the-board cuts to defense and non-defense discretionary spending - and the expiration of the stopgap measure currently used to fund the government.
CATO | The Debt Deniers’ Fantasy
It’s not quite on a par with 9/11 truthers or Obama birthers, but recently a number of liberal commentators have descended into the fever swamps of denialism by rejecting the most basic facts about our debt and deficit. Mind you, they are not arguing about the best policies to reduce the debt — taxe hikes vs. spending cuts — but actually denying that the problem exists at all.
