News
WSJ | White House Budget Blowout
Republicans are pointing to a new Congressional Budget Office report which seems to confirm that President Obama is AWOL on the budget crisis.
Daily Caller | Welfare reform plan aims to cap spending
...spending on the 77 welfare programs administered by the federal government and the states has skyrocketed over the past 15 years.
Econ Comments
Investors | Six Scary, Inarguable Truths About The New Red Menace
Recent reports from the Congressional Budget Office highlight six indisputable truths, each arguably scarier than the last, that promise to shape the contours of the coming debate over how to handle this menace.
CNN Money | When to cut the deficit: Sooner or later?
The debate among economists is not whether to reduce the more than $14 trillion of federal debt. It's when.
Blogs
Cato@Liberty | Rand Paul’s Balanced Budget Plan
While Obama intends to continue spending at a historically high level, Paul would reduce spending as a share of the economy.
Reason: Out of Control Policy Blog | CBO's Take on the Obama Budget Confirms It's Just As Bad As You Thought
...the President has forgotten about the necessary counterweight to a pro-growth fiscal policy: spending restraint.
Heritage Foundation | A Voodoo Baseline Won’t Reduce the Deficit
By assuming an unrealistically rosy economic outlook, the White House was able to rely on phantom revenue from economic recovery for “deficit reduction,” even absent any policy changes.
