News
Politico | Conservatives plan rogue budget to challenge Republicans
Their tool: an ambitious fiscal 2012 alternative budget that will challenge the official GOP leadership’s spending plan and once again reveal divides within the Republican Party over how deep to cut the government.
National Journal | Bachus, Walz Do Their Part for Debt Reduction
Two congressmen donated portions of salary to pay down the deficit.
WSJ | Central Bank Warns Portugal on Deficit
The Bank of Portugal on Tuesday cut its economic growth forecasts for this year and next and said substantial measures will be needed to meet the government's deficit-reduction goals.
Econ Comments
Washington Times | COLE: Postal Service delivers bill of goods to taxpayers
In 2010, the USPS, currently $12 billion in debt, lost $8.5 billion. It’s likely to lose another $7 billion this year.
RCM | Let's Make a Balanced Budget the Law
In a day when runaway spending is running away faster than ever, we need a mechanism to rein it in.
American | Municipal Debt Crises: Some Historical Perspective
Lessons from the Big Apple merit keeping in mind today.
RCM | What Parkinson's Law Says About Federal Spending
Parkinson revealed as false the widely held view embraced by politicians and taxpayers that the need for more civil servants will reveal itself through a growing volume of work completed. The truth is something quite different.
Blogs
Bankrupting America | Did you get your Money’s Worth from Congress so far this year?
Outside of the short-term continuing resolutions each chamber has passed (which cut approximately $2 billion in spending each week) and considering the long-term CR is still in limbo (as passed by the House, it would cut about $60 billion from Fiscal Year 2010 levels), here’s what each chamber has achieved this year...
WSJ | GAO: Implementing Dodd-Frank Could Cost $2.9 Billion
Implementing last year’s financial overhaul law could cost the federal government as much as $2.9 billion over five years, according to a summary of a coming Government Accountability Office report obtained by the Journal.
Weekly Standard | Boldness on Entitlement Reform Will Benefit Republicans
While grandfathering in current beneficiaries, Republicans should propose entitlement reforms that are clear, relatively easy to explain, and more or less immediate.
