Opinion
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To Win The Debt-Ceiling Debate, We Must Discredit Obama’s Debt Dishonesty
Opinion -President Obama tells the nation that Congress must increase the debt limit because they “should pay the bills that they have already racked up.” Let me translate that into household economics.You find yourself reaching the debt limit on your credit card. -
Young Entrepreneurs Bootstrap to Avoid College Debt
Opinion -In 2011, roughly two-thirds of the nation’s college seniors graduated with college debt averaging more than $26,000, according to the Project on Student Debt. -
UTOPIA Muni Broadband Program Facing Debt and Failure
Opinion -One of Utah’s most ambitious municipal broadband programs is facing serious subscribership and funding problems. -
Ways to Limit Social Security’s Drag on Economic Growth
Opinion -Despite the lack of action, most policymakers understand the urgency of the federal entitlement crisis, and specifically, of the need to reform the largest entitlements—Medicare, Social Security, and Medicaid—to constrain cost growth. -
Debt-driver Medicare Needs Market-based Reforms: Part D better than Democrats’ price-fixing plans
Opinion -In just a few days, the American people will decide who they want to lead the country for the next four years. Whoever gets the nod will face big challenges in a short time frame. -
Moody’s Warning Indicates Another US Debt Downgrade Is Coming
Opinion -Moody’s Investors Service has announced it might follow Standard & Poor’s and downgrade U.S. government debt. S&P downgraded U.S. debt in August 2011, the first debt downgrade in U.S. government history. In its Sept. -
Fed Announces Limitless QE3; Skeptics Say It’s More of What’s Failed
Opinion -By an 11-1 vote, the Federal Reserve Board of Governors signaled deep worry about the economy by pledging an open-ended program to create money and keep interest rates at or near record lows at least through the middle of 2015. -
The Real Source of Soaring College Debt? Government
Opinion -The federal government has released a report blaming private lenders and risky borrowers for the nation’s college debt spike, which hit a record high of $1 trillion outstanding this year. -
Nation’s ‘Shadow Deficit’ Dwarfs $15 Trillion National Debt
Opinion -The U.S. government recently blew past a pair of significant spending mileposts. -
Spending, Debt Ceiling RallyTea Party to Take Down RINOs
Opinion -"We put you in and we can take you out" seems to be the message Tea Party leaders are sending Republicans in Congress.Tea Party leaders referred to House Speaker John Boehner (R-Ohio) as "John Maynard Boehner" and called Rep. Paul Ryan (R-Wis. -
The Risks of a Municipal Debt Bubble
Opinion -When state and local governments want to spend more than they collect in revenues, they issue bonds. -
Proposed U.S. Constitutional Debt Relief Amendment Gains Support
Opinion -When James Booth of Dallas, Texas called Glenn Hughes of Scottsdale, Arizona about a business opportunity a year ago, he had no idea he would soon be talking about amending the United States Constitution. -
Demolishing the Debt Mountain
Opinion -On Capitol Hill last week, I ran into former Senator Alan Simpson (R-WY), of the National Commission on Fiscal Responsibility and Reform. -
Credit Card Debt Falls for 17th Consecutive Month
Opinion -For the 17th consecutive month, U.S. consumer use of revolving credit has declined, according to a report released in April by the Federal Reserve.Revolving credit is primarily credit card usage. It fell in February at an annual rate of 13.1 percent. -
Report: Spending Limits, Excess Revenues Could Control Illinois Pensions
Opinion -A proposal from an Illinois think tank to fund the state’s public employee pensions while limiting the future growth of government spending has caught the attention of Prairie State legislators. -
Payday Lending Limits May Be Harming Borrowers
Opinion -Despite mounting evidence showing short-term loans are a help to many people, states have been implementing laws severely limiting or banning certain types of short-term loans, often called payday loans. -
Rising Debt Ceiling Raises U.S. Default Worries
Opinion -The federal debt ceiling is set to rise to close to $14 trillion just before Valentine's Day, which will move America one step closer to default, according to one renowned economist. -
Credit Card Debt, Delinquency Rates Keep Falling
Opinion -The Federal Reserve in December released data showing credit card debt fell for the 13th consecutive month in October.Revolving credit, most of which is credit card debt, decreased at an annual rate of 9.3 percent in October 2009. -
A Toast — and Debt of Gratitude — to Milton Friedman
Opinion -It’s my pleasure and honor to participate with you in this celebration of the life and ideas of Milton Friedman, one of the greatest economists of the twentieth century. Dr. -
Voter Initiatives Propose to Redirect Tax Money, Limit Lobbyists’ Power
Opinion -A wide variety of initiatives bearing on budgets and taxes but not explicitly raising or lowering tax rates also have hit the ballots in states across the nation. -
Highway Tolls Key to New Jersey Debt, Spending Reform Plan
Opinion -In his January State of the State address, New Jersey Gov. Jon Corzine (D) unveiled a long-awaited plan to capture the value of the state's toll roads. -
California Budget Woes Underscore Need for a Tough State Spending Limit
Opinion -Four years ago, California Gov. Arnold Schwarzenegger (R) rode into Sacramento brandishing the sword of fiscal discipline. He vowed to avenge the California taxpayer and end the budget deficit created by former Gov. Gray Davis' (D) profligate spending. -
State Post-Employment Benefits Debts Heading Toward Crisis
Opinion -While early estimates suggested state and local governments have accumulated hundreds of billions of dollars of debt in unfunded "other post-employment benefits" (OPEBs), revised estimates now indicate those early numbers may have been much too low. -
State and Local Government Debt Soars
Opinion -It is well known that the federal government is amassing large amounts of debt, but state and local governments are piling up debt as well. Total state and local debt was stable during the 1990s but soared from $1.19 trillion in 2000 to $1.