News
WSJ | Three-Week Bill On Spending Seen
The new, short-term measure through April 8 would likely make additional cuts in spending from last year's levels at a rate of $2 billion a week.
Econ Comments
NY Times | The Burden of Pensions on States
Having lost the battle on collective bargaining, they may soon be asked to make more financial sacrifices.
Washington Post | Et tu, Jack Lew?
Everyone knows that the U.S. budget is being devoured by entitlements. Everyone also knows that of the Big Three - Medicare, Medicaid and Social Security - Social Security is the most solvable.
AEI | Dems' Dull Budget Scissors
...cut 2011 non-defense discretionary spending from 3.6 percent to 3.2 percent of GDP. Under Bill Clinton, such spending averaged 3.1 percent of GDP.
Blogs
NRO: Exchequer | Biggest Bond Fund Dumps U.S. Debt
With deficits running at insane levels but interest rates still low, the risk-reward ratio is out of whack, even compared to “emerging-market” countries…
Reports
Heritage Foundation | Obama's 2012 Budget Offers More Gimmicks, Not Reform
So while there is some legitimate deficit reduction, $1.7 trillion of the $2.2 trillion in claimed savings are pure gimmicks and magic asterisks.
