President Obama and Congressional leaders will receive a letter from Illinois this week. Washington is urged to not bail Illinois, or any other state, out of debt. Last May, Senator Mark Kirk introduced a resolution in the U.S. Senate to put end federal bailouts of states. His reasons were simple and clear. The Federal government...

by Amanda Griffin-Johnson Desmond Lachman of the American Enterprise Institute (AEI) had an interesting article recently in AEI’s journal, The American. The article, titled “The Emerging Markets’ Century,” details how emerging economies may have a growing impact in the global market because of their comparatively strong public finances when compared to industrialized counties. He explains, “Whereas public debt levels in...