“Obama’s Budget and It’s Discontents” – Bloomberg
“The President’s budget is informed by his belief that government has a strategic role to play in guiding the economy. That means in some cases picking winners and losers and directing capital to individual industries and technologies that have a shot …
READ MORE“Our fiscal paradox: Governments too costly to function” – WP
“Many governors face more than a spending crisis. They preside over failed systems that have discouraged fiscal restraint and sometimes preferred the interests of state employees to the interests of taxpayers. “The most important changes,” says John Ho …
READ MORE“Obama’s Louis XV budget full of gimmicks” – Chicago Tribune
“Classic Obama debt reduction: Add $2 trillion in new taxes, then add another $1 trillion in new spending and, presto, you’ve got $1 trillion of debt reduction. And what of those “painful cuts” Obama is making to programs he really cares about? The cat …
READ MORE“Economic Outlook: The new Greece” – UPI
“Budget plans seldom have happy as a starting point. Spending proposed by the White House Monday is certainly no exception. Facing a Republican majority House, the budget sets up a dancing-as-fast-as-we-can scenario, like a Mexican hat dance, in which …
READ MORE“Follow the Money” – Jeffrey Bell
“Freshman Wisconsin senator Ron Johnson, one of the most promising of the new wave of Tea Party-allied Republican legislators, was chosen to give the Republican radio address, delivered just after President Obama’s weekly radio offering, on Saturday, J …
READ MORE“Bill Gross Cuts Government Bond Holdings Again” – WSJ
“The Pimco Total Return Fund is the world’s largest bond fund, so Bill Gross’ market moves and musings can carry a lot of weight in the markets. Gross is founder and co-chief investment officer of Newport Beach, Calif.-based Pimco. Billy has been gripi …
READ MORE“Chronicle of a Debt Foretold” – Economist
“An odd thing occurred this week. Britain’s national debt jumped by £1.3 trillion, virtually 100% of GDP, and hardly anyone paid attention. The bad news was crowded out by the surprise 0.5% drop in national output in the last quarter of 2010. There was …
READ MORE“U.S. Must Reduce Deficit, IMF Warns” – Washington Post
“U.S. officials must act quickly to control government deficits or face slower growth and even more difficult choices in the future, the International Monetary Fund said Thursday in a report criticizing the tepid U.S. response to its rising public debt …
READ MOREThe Wrong Way to Double Exports – Judy Shelton
Beware of President Obama’s call for a doubling of U.S. exports over the next five years as a way to reduce the unemployment rate. The obvious quick route to export success for any nation is to depreciate its currency. Dollar depreciation is already be …
READ MORE“Transcript: GOP Response From Rep. Paul Ryan” – NPR
“Millions of families have fallen on hard times not because of our ideals of free enterprise — but because our leaders failed to live up to those ideals; because of poor decisions made in Washington and Wall Street that caused a financial crisis, squan …
READ MOREJudy Shelton on Just Facts Radio!
“On January 25, 2011 Jim Agresti and Steve Cardone interviewed eminent economist and global finance specialist Dr. Judy Shelton about the importance of sound money. Dr. Shelton is Co-Director of the Sound Money Project at the Atlas Economic Research Fo …
READ MORE“Global Price Fears Mount” – WSJ
“Mr. Trichet argues that budget discipline would help growth in Europe more than renewed stimulus, and called on the euro zone’s 17 member countries to strengthen “surveillance” of each other’s fiscal policies. In Europe, budget discipline benefits gro …
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