News
Yahoo! Finance | White House: Obama to lay out spending plan
...the House and Senate are expected to vote on a budget for the remainder of this fiscal year and Obama reveals his plan to reduce the deficit, in part by scaling back programs for seniors and the poor.
National Journal | Graphic: A History of Rising Debt Ceilings
Congress has raised the federal debt ceiling limit nine times in the past 10 years, and Treasury officials say the government will hit the current $14.3 trillion limit no later than May 16.
Econ Comments
Reason Foundation | The Truth About Spending Cuts
Separating economic myth from economic fact.
RCM | Define Radical: Pros and Cons of Ryan Plan
It won't balance the budget in the near term, but it places it on the right track toward balance and ultimately a reduction in the national debt.
CNN Money | Now for the real budget war
Its signature feature: $38.5 billion in spending cuts or, as it's referred to by the key players, "the largest spending cut in American history."
Washington Examiner | Ryan budget a good step on the road to prosperity
The proposed cuts are of the right size. But the plan waits too long to take action, making it unlikely to forestall the coming crisis.
USA Today | Boehner: Next fight to be about trillions, not billions
The agreement will reduce government spending by $38.5 billion over the next few months — and by hundreds of billions of dollars in the coming decade.
Mercatus Center | Mercatus Scholars on Chairman Ryan's Budget Plan
Mercatus Center scholars consider the commendable and improvable aspects of the plan.
Barron's | Painful, but Inadequate
Only the next year or two can be taken seriously, for events are more powerful than laws.
WSJ | The Tea Party's First Victory
Obama opposes spending cuts right up to the time he calls them historic.
AEI | Spending Cuts Are Hot in the Political Marketplace
Every serious analyst knows that these programs are on a trajectory to balloon government to a share of gross domestic product unprecedented except in World War II.
Blogs
Café Hayek | What a Joke
...negotiations that concluded last night on Capitol Hill – negotiations in which Congress agreed to cut 1 percent from a budget that rose 27 percent in just the past three years.
Enterprise Blog | Government by the Hour, Day, and Month
All this budget talk got me wondering how much the federal government spends using various time conversions.
NRO: The Corner | One of the Best Things About the Ryan Plan
I agree with David Brooks’s piece yesterday that one of the best things about Chairman Ryan’s plan is that “it forces Americans to confront the implications of their choices.”
Cato@Liberty | $61 Billion in Cuts vs. Prior Spending Increases
In 2009, federal spending leaped $384 billion in a single year, or six times more than this year’s relatively tiny cut.
