Simple Steps to Rein in Federal Spending
Plans to reduce American federal spending are few and controversial but there are several simple solutions lawmakers could enact.
Fiscal Issues
Republicans Should Raise the Debt Ceiling
Not raising the debt limit is not an option but Republicans should condition their vote on serious spending cuts.
Senate Leader in No Rush to Cut Spending
In an interview with Meet the Press, Harry Reid said Social Security “works” and he lambasted Republicans for opposing ObamaCare.
European Bank President Urges Budget Cuts
In the words of Jean-Claude Trichet, “monetary policy responsibility cannot substitute for government irresponsibility.” Europe has to cut spending.
America’s Looming Entitlement Disaster
America cannot afford massive entitlement spending anymore but no politician likes to take away benefits from poor people and seniors.
Republicans Pledge Austerity in New Congress
With a renewed sense of fiscal conservatism, incoming Republican congressmen promise to try to repeal ObamaCare and reform entitlement.
Neither Party Cheers Tax Cut Compromise
Liberals are opposed to tax relief for millionaires but conservatives warn that without production and investment, the economy cannot recover.
Restoring Balance to the United States Budget
If Democrats and Republicans do not manage to shrink the deficit, they can always freeze government spending altogether.
Ireland Announces Billions in Spending Cuts
In order to secure an international bailout, the Irish plan a combination of spending cuts and tax hikes.
Ireland Renews Fears of European Debt Crisis
As different countries in the eurozone struggle, pressure on Ireland to accept a bailout is mounting.
Former Celtic Tiger Faces Deep Budget Cuts
Ireland must enact painful spending cuts in order to restore confidence in its economy.
America Starts Talking About Spending Cuts
Americans may need to brace for austerity, but lawmakers are reluctant to endorse deep spending cuts.
Debt Commission Proposes Deep Budget Cuts
The chairmen of the president’s debt commission put forth major entitlement reforms.
European Council Divided on Treaty Reform
European leaders discuss new measures to ensuring fiscal prudence.
Raising Europe’s Budget Controversial
Seven EU members oppose raising the Union’s budget for next fiscal year. They are three votes short of a majority.