Econ Comments & Analysis
Washington Times | The responsibility to resist fiscally irresponsible politicians
If your personal spending rises faster than your income each year, you eventually will go bankrupt. Responsible people understand this and thus refrain from taking on more debt than their income can support.
Investors | As Global Debt Soars, Where's The Big Recovery?
A new study says governments around the world boosted their debts by more than 40% to over $100 trillion in response to the global financial crisis. Where's the promised recovery from all that spending?
Mercatus | More Taxes and Spending in the President's FY 2015 Budget
President Obama just released his budget proposal for FY 2015. This week’s charts compare these new budget projections from the Office of Management and Budget (OMB) to the most recent projections from the Congressional Budget Office (CBO).
CRS | Mandatory Spending Since 1962
Federal spending is divided into three broad categories: discretionary spending, mandatory spending, and net interest. Mandatory spending is composed of budget outlays controlled by laws other than appropriation acts, including federal spending on entitlement programs.
CBO | Monthly Budget Review for February 2014
The federal government ran a budget deficit of $379 billion for the first five months of fiscal year 2014, CBO estimates, $115 billion less than the shortfall recorded in the same span last year.
