News
CNN Money | Economists' biggest worry: Federal budget deficit
Government deficits are the biggest long-term worry of top U.S. economists, according to a survey released Monday.
National Journal | Lee: No Debt Ceiling Hike Without a Balanced Budget
His bill would cap spending at 18 percent of GDP.
CNN Money | How spending cuts hurt the economy -- dueling estimates
The big spending cuts proposed by House Republicans could weigh on economic growth and jobs, but forecasts vary widely.
CNN | State budget deficits
Thousands of protesters in Madison, Wisconsin, have demonstrated against the governor's proposed budget that includes a provision to limit collective bargaining for public employees.
Econ Comments
WSJ | Governors Scramble to Rein In Medicaid
More than half the states want permission to remove hundreds of thousands of people from the Medicaid insurance program, a move that would represent a rare cut to a national social program.
Fiscal Times | State Debt Crisis: Preview of Federal Pain to Come
Beyond the grim implications for cash-strapped states, this scenario offers a preview of the pain that might befall the federal government if investors in U.S.
Washington Times | Social Security reform looms with or without Obama
...there was a conspicuous omission from his 2012 budget blueprint that many say would go a long way toward easing the nation’s financial woes: Social Security reform.
CNN Money | Spending cuts aren't enough. It's time to fix the budget
You can't fix a massive multi-trillion dollar problem by focusing on one-eighth of the budget. You just can't.
WSJ | Deal on Spending Cuts Would Defer Tougher Decisions
House Republicans plan to begin debate Tuesday on a bill that would keep the government open for two additional weeks while cutting $4 billion in spending. Senate Democrats are signaling they will accept the GOP proposal, or something similar, by week's end.
Washington Times | DECKER: Michigan’s reform storm
Businessman-governor tries to right-size state government.
Fiscal Times | The Budget Battle Could Spook Global Investors
Interest payments could total 25 percent of revenues by 2021.
Blogs
FreedomWorks | Federal, state and local debt hits post-WWII levels
Beware, the Social Security unfunded-liability is approximately $4 trillion depending on how far out it is calculated.
Jacob T. Levy | Hey, look at that
"While spending on earmarks is a tiny portion of the budget, critics like Mr. Flake and Mr. Boehner said they played an insidious role in pushing up federal spending through what is known in legislative terms as logrolling."
Reports
Mercatus Center | The 1 Percent Solution
This working paper lays out a general framework for how the nation can address its long-term fiscal challenges, without tax increases, to avert the coming fiscal crisis and balance the budget within the next decade.
