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Monday, March 14, 2011

Budget

News                                                                                                                             
Washington Times | Lawmakers predict new stopgap budget will pass
Lawmakers from both parties said Sunday that a new compromise federal budget deal is likely to be approved this week despite lingering questions from freshmen Republicans in the House.
CNN Money | States kick grandma to the curb
...lifelines for seniors may disappear as governors and lawmakers slash spending to close an estimated $112 billion in budget shortfalls, advocates say.

Econ Comments                                                                                                             
The Examiner | If we don't get federal spending under control, who will?
At a time when Washington is borrowing about $4 billion a day, the Democrat proposal to cut about four and a half billion dollars in government spending for the rest of the fiscal year was an insult to the voters who demanded in November that we get our fiscal house in order.
Washington Times | EDITORIAL: Congress needs a chainsaw
Tuesday’s vote would keep the government open until April 8 while making another $6 billion in noncontroversial cuts.
Barron's | Cost-Cutting With Dull Knives
If we are serious about reducing the federal budget, we need to look all over, including at our nearest and dearest. Senator Grassley's hard choices.
NRO | There Aren’t Enough Millionaires
Capital is sensitive — it just wants to be loved! — and it will go where the love is, where it can be fruitful and multiply.

Blogs                                                                                                                             
Bankrupting America | U.S. household debt down while national debt on the rise
Contrast that with the fact that state and local government debt rose at a 7.9 percent annual rate and federal government debt increased at a 14.6 percent annual rate.
Political Calculations | Repaving The Sidewalk to Nowhere
So which part of the 2009 Stimulus Package was the stupidest thing that the federal government funded in 2010?... In our opinion, it was perhaps a little construction project we'll call "The Sidewalk to Nowhere".