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German govt spending plans at risk as court rules

Germany's top court will decide Wednesday whether the government broke debt rules enshrined in the constitution, potentially throwing its spending plans into disarray and further fuelling tensions in the ruling coalition.The Federal Constitutional Court is examining accusations from the main opposition CDU party that Chancellor Olaf Scholz's ruling coalition has acted in contravention of the "debt brake".

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The Fiscal Responsibility Act of 2023 Is a Pyrrhic Victory

US needs a Swiss-style 'debt brake' to limit government spending and borrowing

An amendment to the Swiss constitution obliging the federal government to balance its budget brought down the country’s debt-to-GDP ratio. Given the size of the US national debt, similar legislation could ensure elected officials are more accountable to the citizens they represent.

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Give America a Debt Brake by R. James Breiding - Project Syndicate

R. James Breiding thinks the United States could learn a valuable lesson from a policy Switzerland put in place in 2003.

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Money Out the Door: Australia in the Shadow of Keynes – Quadrant Online

Money Out the Door: Australia in the Shadow of Keynes – Quadrant Online
quadrant.org.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from quadrant.org.au Daily Mail and Mail on Sunday newspapers.

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