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Wednesday, May 14, 2014

Budget

Econ Comments & Analysis                                                                                            
WSJ | U.S. Household Debt Increases
Americans made more progress in repairing their postrecession finances and have increased their overall borrowing, yet they are also showing an aversion to credit cards and new mortgages that could hinder the economic recovery.

Blogs                                                                                                                             
Heritage Foundation | What the 2014 Deficit Tells and Doesn’t About the U.S. Budget Gap
The deeply troubling reality is that current levels of deficits and debt tell us only so much about the U.S. budget situation. The real fiscal gap is getting bigger each and every year that lawmakers fail to enact structural budget reforms.