Morning Journal--A look at the US deficit and debt

Economics

   This Week’s Data

            July wholesale inventories rose 0.1% versus expectations of up 0.3%; wholesale sales increased 0.1%.

            Weekly jobless claims fell 91,000 versus estimates of a 7,000 rise.

            http://www.calculatedriskblog.com/2013/09/weekly-initial-unemployment-claims_12.html

   Other

            This is long but it is a must read look at the current state of the US deficit/debt:

            http://www.zerohedge.com/news/2013-09-11/lawrence-kotlikoff-us-fiscal-gap-200-trillion-our-country-broke

            More on student debt (medium):

            http://www.zerohedge.com/news/2013-09-11/guest-post-our-huge-stinking-mountain-debt-student-loans

Politics

Domestic

More of your government working for you (medium):

http://www.aei-ideas.org/2013/09/as-keystone-battle-drags-on-the-oil-market-is-moving-on-without-it-by-adding-rail-capacity-and-other-new-pipelines-at-an-increased-cost-and-greater-risk-and-environmental-impact/

            AFL-CIO presses for changes in Obamacare (medium):

            http://www.zerohedge.com/news/2013-09-11/and-now-unions-are-angry-obamacare-afl-cio-press-healthcare-law-changes

  International War Against Radical Islam

            Why does Kerry still have a job (medium):

            http://www.nakedcapitalism.com/2013/09/why-does-john-kerry-still-have-a-job.html

            George Will on Obama’s Syria moment (medium):

            http://www.jewishworldreview.com/cols/will091013.php3#.UjDCBtLI2So

            A truly Machiavellian op-ed by Putin on the US policy in Syria (medium):

            http://www.zerohedge.com/news/2013-09-11/vladimir-putin-addresses-america-nyt-op-ed-calls-caution-syria