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Tag Archives: debt

Is America in Worse Fiscal Shape than Greece, France, and Italy?

Is America in Worse Fiscal Shape than Greece, France, and Italy?

Back in 2010, I posted a fascinating map from the Economist website, showing debt burdens (as a share of GDP) for nations around the world. This data showed lots of… Read more »

President Obama Is MIA on Fiscal Policy

President Obama Is MIA on Fiscal Policy

I feel like a pendulum this election season. Something will happen that makes me want to eviscerate Obama’s statist policies and I’ll write a foaming-at-the-mouth post warning that the President… Read more »

Europe’s Crisis Is Because of Too Much Government, Not the Euro Currency

Europe’s Crisis Is Because of Too Much Government, Not the Euro Currency

The mess in Europe has been rather frustrating, largely because almost everybody is on the wrong side. Some folks say they want “austerity,” but that’s largely a code word for… Read more »

The Simple and Predictable Story of Fiscal Bankruptcy in Cyprus

The Simple and Predictable Story of Fiscal Bankruptcy in Cyprus

With all the fiscal troubles in Greece, Spain, Ireland, Portugal, and Italy, there’s not much attention being paid to Cyprus. But the Mediterranean island nation is a good case study… Read more »

Observations on the European Farce

Observations on the European Farce

Spain’s received a bailout, Greece is having another election tomorrow, and the European political elite is pushing for more centralization. In other words, business as usual in the continent where… Read more »

Will More Federal Debt Improve the U.S. Government’s Creditworthiness?

Will More Federal Debt Improve the U.S. Government’s Creditworthiness?

Writing in yesterday’s Washington Post, former Obama economist Larry Summers put forth the strange hypothesis that more red ink would improve the federal government’s long-run fiscal position. This sounds like… Read more »

Measuring the Federal Government’s Spending Problem

Measuring the Federal Government’s Spending Problem

I’ve complained endlessly that America’s fiscal problem is too much spending, and that deficits and debt are best understood as symptoms of that underlying disease. So I’m obviously a big… Read more »

Switzerland’s “Debt Brake” Is a Role Model for Spending Control and Fiscal Restraint

Switzerland’s “Debt Brake” Is a Role Model for Spending Control and Fiscal Restraint

I’ve argued, ad nauseam, that the single most important goal of fiscal policy is (or should be) to make sure the private sector grows faster than the government. This “golden… Read more »

New Budget from Republican Study Committee Reduces Burden of Government to Where It Was When Bill Clinton Left Office

New Budget from Republican Study Committee Reduces Burden of Government to Where It Was When Bill Clinton Left Office

A couple of weeks ago, I offered some guarded praise for Paul Ryan’s budget, pointing out that it satisfies the most important requirement of fiscal policy by restraining spending –… Read more »

By Restraining Burden of Federal Spending, Senator Paul Shows How It’s Simple to Balance the Budget

By Restraining Burden of Federal Spending, Senator Paul Shows How It’s Simple to Balance the Budget

Last year, while lounging on the beach in the Caribbean…oops, I mean while doing off-site research, I developed the first iteration of a rule to describe how fiscal policy should… Read more »