News
Politico | Sequestration: Cuts before compromise?
Congress returns Monday with all eyes on a last Senate attempt to forestall across-the-board spending cuts March 1 that threaten to cripple government services this spring and roll back the clock to before Barack Obama’s presidency.
CNBC | One Quarter of US Has More Card Debt Than Savings
Rumors of the spendthrift American consumer may be slightly exaggerated. Bankrate's 2013 February Financial Security Index found that a majority of consumers — by a narrow margin — say they have more savings than credit card debt.
Econ Comments & Analysis
Washington Times | Sequestration follies
Here we go again. Lawmakers are once more warning that the nation hangs on the brink of unimaginable disaster. Another cliff, you might say. Five days from now automatic budget restraint is scheduled to take effect, and nothing frightens a politician more than restraint on spending.
WSJ | A Silver Linings Deficit Playbook
Cheer up, America. Yes, it's February. But spring training has begun, the days are growing longer, the weather is getting warmer, and—are you ready for this?—the federal budget picture is improving.
CATO | The Fairy Tale on Spending Cuts
“The sequester is coming, the sequester is coming,” cries Chicken Little, speaking of the across-the-board spending reductions set to kick in next Friday. As a result, much of the Washington establishment, politicians of both parties, and the media are bracing for the apocalypse.
Washington Post | The true national debt
You’d think this would be an easy question. Surely we know how much the government owes. Unfortunately, it’s not that simple. The true national debt could be triple the conventional estimate, anywhere from $11 trillion to $31 trillion by my reckoning.
