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Tuesday, May 10, 2011

Budget

News                                                                                                                             
WSJ | Boehner's Debt-Limit Marker
The bond market would love a deal that reduced future U.S. borrowing.

Econ Comments                                                                                                             
National Journal | Flake, Kingston: Ryan's Budget the Way to Go
Appropriators say debt ceiling should be increased, but doing so without spending cuts would be 'irresponsible.'
Washington Times | EDITORIAL: Fiscal responsibility derailed
Wasteful choo-choo spending deepens America’s debt crisis.
WSJ | Why I Don't Support Europe's Bailouts
Our political leaders borrow ever more money to pay off the banks, which return the favor by lending ever more money back to our governments.
Washington Times | RAHN: World’s biggest financial fraudsters
Political operators get away with swindles that would land others in jail.
Bloomberg | Obama Needs Navy SEALs to Target Budget Next: Amity Shlaes
The Obama plan promised to address the ratio of the national debt to the economy. But it cynically postponed the start of that project to an election year, 2014.
WSJ | Greece's Unsustainable Burden
A debt restructuring, by whatever name, looks inevitable.

Reports                                                                                                                         
Heritage Foundation | Saving the American Dream: The Heritage Plan to Fix the Debt, Cut Spending, and Restore Prosperity
It squarely confronts Social Security, Medicare, and Medicaid, the three so-called entitlement programs, which together account for 43 percent of federal spending today.