debt crisis

July 02, 2012

The Debt-ridden American Dream

Fresh out of college and full of ideals, young Americans are finding that, in this economy, the American Dream comes at a steep cost. Just ask Michelle Holshue: At 30 years old, Holshue exemplifies a key tenet of the American dream: exceeding one’s parents’ education and income. Continue Reading...

June 21, 2012

Samuel Gregg: Financial Fiddling while the Euro Burns

On National Review Online, Acton Research Director Samuel Gregg examines the push for a “transaction tax” to solve some of the fiscal problems in the European Union. The move would, Gregg explains, “levy a tax on any transaction on financial instruments (securities, loans, deposits, derivatives, and various asset classes) between banks, hedge funds, insurance businesses, investment companies, and other financial organizations whenever one contracting party is located in the EU.” Continue Reading...

June 08, 2012

Samuel Gregg: Why Austerity Isn’t Enough

Writing on The American Spectator website, Acton Research Director Samuel Gregg looks at the strange notion of European fiscal “austerity” even as more old continent economies veer toward the abyss. Is America far behind? Continue Reading...

January 25, 2012

Samuel Gregg: Obama SOTU full of ‘hot air, populism, contradictory promises’

Over at National Review Online, Acton Research Director Samuel Gregg recaps President Obama’s State of the Union address: There is always something surreal about a Chicago politician talking about “fairness” and “playing by the rules.” Continue Reading...

November 10, 2011

Pointing Fingers: Berlusconi or Ourselves to Blame

An Italian friend of mine recently complained to me while painfully witnessing the climax of the Italian debt crisis: “Cosi Berlusconi, cosi l’Italia!” (As with Berlusconi, so too with Italy! Continue Reading...

November 03, 2011

Audio: Jayabalan on the G20 Meeting

Acton’s Kishore Jayabalan on Vatican Radio today. Summary: The spectre of a hard Greek default and euro exit hung over a meeting of G20 leaders beginning in Cannes on Thursday. U.S. Continue Reading...

July 27, 2011

Rev Sirico: Budget, Debt, and Morality

Rev. Sirico was interviewed by Kathryn Jean Lopez of National Review Online on the national debt of the United States, the debt ceiling, and the moral issues of the budget debate. Continue Reading...

March 10, 2011

Open Mic Night

Just a reminder that tonight, March 10, the Acton Institute is hosting an Open Mic Night where a discussion of opposing views on America’s Debt Crisis and A Call for Intergenerational Justice: A Christian Proposal on the American Debt Crisis will occur. Continue Reading...

August 19, 2010

Deficits, Debt, and Self-Deception

This week’s Acton Commentary: Deficits, Debt, and Self-Deception By Samuel Gregg It passed almost unnoticed, but in late July the Obama Administration raised the Federal Government’s budget deficit forecast for fiscal year 2011 to $1.4 trillion. Continue Reading...

May 17, 2010

Debt and Politics

Though the Greek Debt crisis may seem far away, here is a sobering article by Kevin Hassett at Bloomberg. Greece’s Bailout Heroes arrive in Leaking Boats Those countries coordinating the $1Trillion bailout of Greece find themselves in similar trouble. Continue Reading...