This morning, Michael Medved argues in USA Today that the government poses a greater threat to the nation’s economy than any of the recently reviled corporations.

Two recent articles provide more evidence that Washington’s failure to put forth a sustainable fiscal and economic plan (or any plan, for that matter) is itself hampering the nation’s economic recovery.

USA Today has an interactive graph today showing the growth of U.S. and international debt since 1943. In the last 30 years, debt-per-American has increased from $10,210 to $38,655. However, the trend line in the last four years might be the most astonishing thing on the page. Viewers can compare debt-as-a-percentage-of-GDP between several countries. Greece’s [...]

A look at the most important budget-related news and information from around the country.

Pew and The National Journal asked adults how U.S. states should deal with their budget deficits. 43% favored cutting funding on transportation and road maintenance; 27% favored cutting funding on health services; 25% favored cutting spending on public safety; 22% favored cutting K-12 spending; and 39% favored raising taxes. How would you want your state [...]

In an effort to explore the nature, the origins and the ultimate destination of government spending, we’ve come across two interactive tools that help to give a little perspective to the subject. The first was posted on the blog of the Center for American Progress, a progressive thinktank.  The tool allows a user to click [...]

USA Today: Treasury yields rise as U.S. debt mounts, demand can’t keep up: “A glut of Treasury borrowing — and the prospects of a better economy — could push rates higher in the next 12 months.” Expanded mortgage aid should cut foreclosures, help buoy prices: “The Obama administration’s revamped mortgage program may help more borrowers [...]

Washington Post: Obama presses on financial bill: “President urges Democratic sponsors of financial legislation to move ahead with or without GOP.” Postal Service launches 5-day delivery plan: “The U.S. Postal Service moved forward with plans to adopt a five-day delivery schedule on Wednesday, earning formal approval to take the plans to postal regulators and Congress.” [...]

Washington Post: Panel approves financial bill: “Senate banking committee votes along party lines to transform the regulation of financial markets.” Public debate on housing-finance reform to open: “The Obama administration plans to begin a public debate next month on how best to overhaul Fannie Mae, Freddie Mac and the nation’s housing finance system.” New York [...]

Washington Post: After months of debate, measure goes to Obama: “After approving the massive Senate bill by a vote of 219 to 212, the House turned its attention to a separate package of fixes, known as a reconciliation bill, that is to be taken up in the Senate this week.” House adopts student loan bill: “Measure [...]