Emily Skarbek on International PressTV explains why the failure of the U.S. government in raising the debt ceiling is not "catastrophic" as President Barack Obama's chief economic advisor Austan Goolsbee claims.
Richard Vedder on PressTV explains why the U.S. government has done little to reduce a national debt that is approaching its current ceiling of $14.3 trillion.
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Senior Fellow William F. Shughart discusses financial developments at General Motors and Chrysler, the real issues at stake in the TARP debate, and how Obama’s bailouts are negatively affecting the limping economy.
Ivan Eland on Russia Today discusses why cuts to the U.S. military budget are unlikely to happen, given how the defense industry is closely tied to campaign funding for politicians.
