News
CNN: Money | 2011 budget cuts revealed
Lawmakers lifted the curtain Tuesday on a 2011 spending plan that will slash nearly $40 billion -- cutting back on a wide range of programs and services including high-speed rail, emergency first responders and the National Endowment for the Arts.
MSNBC | White House: President regrets vote against raising debt limit
Obama in 2006: Fact that Senate is debating raising debt limit is 'sign of leadership failure'.
ABC News | Debt Ceiling Fight Takes Center Stage: What It Means For You
If U.S. Debt Limit Isn't Raised, Interest Rates Would Surge and Markets Would Crash.
MSNBC | Budget tricks helped Obama save programs from cuts
Details of $38 billion deal reveal a lot of one-time cuts, accounting sleight of hand.
Econ Comments
Washington Times | THUNE: Fixing Washington’s broken budgeting
Congress needs a committee devoted solely to deficit reduction.
RCM | On the Budget, Obama's a Real (Mis) Leader
With his speech Wednesday, President Obama will try to claim leadership in the fight against the debt tsunami. But he's already had his chance to lead - many of them, in fact - and he blew it.
Washington Times | BLANKLEY: Obama’s pretend budget cuts
Spending is the lifeblood of the president’s party.
AEI | $38 Billion in Budget Cuts? You Ain't Seen Nothing Yet
For all the drama surrounding the narrowly averted government shutdown, this was just the warm-up round. The real budget fight begins in a few weeks, when Congress must take up legislation to raise the federal debt ceiling.
NRO | Another Spending-Cut Plan
Cut subsidies to billionaires.
Investors.com | On The Budget, Obama's A Real (Mis)Leader
Obama might think that, with a nice new speech, he can wipe this sorry slate clean and redraw himself as a responsible and reasonable fiscal hawk. Republicans, and the public at large, would all do well not to take him at his word.
Blogs
Cato@Liberty | Farm Subsidies to be Cut?
It’s shaping up to being another good year for farm incomes. As a result, policymakers looking for spending cuts are finally turning an eye toward farm subsidies. An emerging target is the $5 billion in annual payments made to farmers…for basically just being farmers.
