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fiscal crisis

Abuse behind fiscal crisis

Everyone knows state governments are swimming in red ink, but how deep exactly is the fiscal hole?The nonprofit watchdog group State Budget Solutions has conducted an extensive analysis of state government finances, and the results are not unlike what one might find when auditing a college freshman after a first-credit-card spending binge. Read More

Project shows why Dems won’t offer a budget

Anyone can make specious claims about the federal budget. Witness, for example, House Minority Whip Steny Hoyer’s assertion that our federal government is not going broke, and his party’s broader argument that “Medicare as we know it” is somehow sustainable with just a few tweaks. Read More

Michael Gerson: Why is it that most of the states with massive budget problems are run by Democrats?

Former Bush speechwriter Michael Gerson has a great column on the fiscal crisis in the states, a problems that we’ve highlighted a lot here at the Examiner. Read More

Euro Econ meltdown continues — Spain credit rating downgraded

Reuters: Fitch Ratings cut Spain’s credit ratings to AA+ from AAA on Friday, saying its economic recovery would be more muted than the government forecast due to strict austerity measures passed this week. Read More

'TANSTAAFL' can explain how the welfare state crumbles

“TANSTAAFL” -- the acronym made famous by Robert Heinlein meaning “there ain’t no such thing as a free lunch” -- quite succinctly explains what’s happening to the world economy today. Read More
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