News
CNN Money | Spending cuts: When they'll really bite
Friday's the day. The arbitrary, across-the-board spending cuts lawmakers approved but swore would never happen are set to begin. - See more at: http://money.cnn.com/2013/02/28/news/economy/spending-cuts/index.html#sthash.KChDvMwM.dpuf
Econ Comments & Analysis
Washington Times | Sequestration doesn’t cut nearly enough
A study to learn whether or not a fish called the golden shiner can teach us about “collective action”: $5 million.
WSJ | Bursting Debt Bubble
'We are not a deadbeat nation," President Obama famously said during the debt-ceiling fight. We'll see how long the Treasury can sustain gargantuan deficits. But at the level of individual borrowers, and specifically young people with student loans, defaults are spiking to historic levels.
Washington Times | Sequestration ignores the real spending problem
To listen to the parade of Obama administration officials warning of civilization-ending consequences from the measly $85 billion in spending “cuts” sequestration will bring, one can only reach one of two conclusions: Either they are just making stuff up to make the cuts as painful as possible, or the federal budget is so out of control that a mere 2.4 percent reduction in projected spending is more than the system can handle.
Washington Times | Debt is a real drag in any season
Like snow during a long stretch of miserable winter weather, the U.S. has been piling up debt year after year. Being “snowed under” in this way is profoundly depressing, fiscally as well as mentally.
