Why was the Rudman report of Fannie Mae such a disappointment?

A list of AEI scholars available to comment on the new Fannie Mae report.

Congressional leaders and the President have come to agreement on a deal to increase the debt ceiling, but the drama is far from over. The debt deal kicks all the important decisions down the road and into 2013.

Many commentators have noted that if the Super Committee fails, the sky will not fall, at least not immediately. The sequesters that would be triggered do not take effect until 2013, after all. Here is the starker reality.

Most financial analysts breathed a sigh of relief when the president signed the Budget Control Act into law just a few hours before we hit the limit on the national credit card. But that was premature. The new budget law does little more than establish a process by which our fiscal crisis may be addressed, and there are ample opportunities for that process to be overturned.

The Rudman Report on Fannie Mae recites facts eerily similar to what we now know about Enron.

Potentially a half-trillion dollars a year in added revenues will be used to reduce the $8 trillion to $10 trillion deficits in the coming decade.

Failure of the U.S. math and science education system is a vulnerability for our nation.