The United States may have averted a debt default, and ended the federal government shutdown, but costly political reverberations continue. The experience of Democratic and Republican leaders frozen in unmoving partisan positions has been unnerving, abroad and at home.
Not all debt incurred by government is dangerous or irresponsible. Taking on debt for capital projects — including roads, needed building renovations and so on — with a clear and identified plan for repayment is an accepted practice of doing government business.
While the proposed local option income tax for Lake County would affect all working residents, it's young people who should be the most upset over this issue.
Everyone agrees, so it must be right -- we have to lower the federal deficit and national debt. Can everyone be wrong? Well, yes and no.
INDIANAPOLIS | As the U.S. Supreme Court prepares to rule on the constitutionality of Obamacare, two Hoosier Republicans are standing by with plans to reshape the nation's health system.
With a projected fiscal year 2011 deficit of nearly $1.5 trillion and a massive $14.3 trillion national debt, addressing our nation's budget policies is a critical national priority. The need to tackle this crisis quickly brings with it an opportunity to put in place a comprehensive solution…
Two questions come to mind when considering recent public debt accumulation by Indiana state and local governments and the federal government: How did we get ourselves into this situation? How do we get out? Here we first consider the short-run alternatives to dealing with existing debt and …
The debate over the federal deficit is going to involve a lot of rhetoric before the 2012 election is over, but numbers will be coming up, too. And so will charts based on the data.
VALPARAISO | The nation's fiscal situation is one of many crises facing the country, Indiana's junior U.S. senator said Monday.
Porter County commissioners are moving forward with a plan to loan money to other units of local government that borrow for two years or less. On the face of it, it seems generous.
The federal budget deficit is enormous, and the national debt is growing. So the pollsters are asking the public what should be done. The latest poll I've seen was done for NBC and the Wall Street Journal at the end of February. I found it on the Web by searching "NBC deficit poll."
When U.S. Sen. Dick Lugar declared his candidacy for president on April 19, 1995, he offered an ambitious domestic policy goal: balancing the federal budget in seven years. Central to his vision was a plan to replace the national income tax with a retail sales tax and to drastically cut gove…
Carmel's Center for the Performing Arts opened its doors last weekend with a glamorous debut. Featuring Indiana limestone and Italian stone beneath a Palladio dome, the center will last 500 years or longer, its website says "creating a legacy that will be passed along to our children and gra…
Could someone please remind Bill Iltzshe, of Valparaiso, that the $102 billion in interest that was credited to the Social Security fund was paid by U.S. taxpayers?
If there is one issue concerning the future of America's youths that must be addressed, and soon, it is the financial state of our country. Nothing else is as pressing an issue then this country's apparent need to spend beyond its means.
SPRINGFIELD | If you're looking for proof that the economy is starting to turn around, Gov. Pat Quinn's office said you'll find it in the details of Illinois' tobacco bond sale.
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Should the Indiana State Board of Education issue an apology for members' secret plea to legislative leaders?