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Friday, March 18, 2011

Budget

Econ Comments                                                                                                             
American | The Wrong Budget Fight at the Wrong Time
The best strategy is to quickly end the squabbling over the budget that should have been passed for fiscal 2011 and then have House Republicans introduce a 2012 budget that lays out their vision.

Blogs                                                                                                                             
EconLog | Kinsley on Budget Cutting
...from Michael Kinsley, "You Can't Cut That," Los Angeles Times, March 15, 2011.
Cato@Liberty | Bailout Coming for the Postal Service?
Policymakers with responsibility for overseeing the USPS have introduced legislation that would require the Treasury to credit it with the money.
NRO: The Corner | Rand Takes the Reins
Sen. Rand Paul (R., Ky.) unveiled his five-year budget plan on Thursday.
EconLog | What is Mandatory Spending? What is Entitlement Spending?
...most of what is called mandatory spending should be called automatic discretionary spending.
WSJ: Real Time Economics | Government Spending Should Be Last Resort in Crisis
Gregory Mankiw, a former chairman of President George W. Bush‘s Council of Economic Advisors, and Matthew Weinzierl implicitly argue against the sequence of tools used by the U.S. to handle the recent crisis, proposing instead a different hierarchy of policies.