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Budget Woes
Budget Woes
The Chickens Come Home to Roost

Both President Bush and President Obama added enormously and unwisely to the country’s deficit and debt.

Budget Woes
Pensions in the Land of Lincoln, Round 2

The challenge to Illinois’s pension reform is heading to the state supreme court. Here’s how the state is feeling the pinch from its long-term pension mismanagement.

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Walter Russell Mead & Staff

The real stumbling block to Democratic legislative power.

brave new world

An Australian account of China’s gains doubles as a bleak assessment of Obama’s legacy in the region.

Crude Economics

London is using both carrot and stick to keep offshore oil output up.

Greeks Bearing Debts

Greece’s recurrent crisis is the result of bad Greek and German decisions alike. Only one is in year eight of a depression as a result.

Frack Baby Frack

Abundant shale gas brought natural gas prices to historic lows—and made the US a net exporter of the hydrocarbon.

WRM Elsewhere

Walter Russell Mead tackles the question.

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