john maddente | midwestern clarity

OMB Chart Excerpts published at Examiner.com A n editorial grabbed my attention recently.  Titled, "The Right Way to Balance the Budget" the piece was published on page A13 of the Wall Street Journal on December 29th.  Three scholars from the American Enterprise Institute (AEI) collaborated on the aforementioned article.  They examined the likelihood of success coming from three choices we have to address our deficits and the national debt . The choices of course are: tax increases, spending cuts, or a combination of both. AEI website: Andrew Biggs AEI website: Kevin Hassett Two PhD economists, Andrew Biggs (London School of Economics) and Kevin Hassett (University of Pennsylvania) and economic research analyst Matt Jensen, argue their case by building on the prior work of two Harvard economists: Albert Alesina and Silvia Ardagna. Messrs. Biggs, Hassett and Jensen conclude the primary way to fix our fiscal predicament is singular in nature -...

Public Notice is " an independent non-profit dedicated to providing facts and insight on the economy and how government policy affects Americans’ financial well-being ."   Here's a slide from them (with holiday flair) called "The 12 Days of Government Spending"