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Tuesday, May 17, 2011

Taxes

News                                                                                                                             
National Journal | Conditions of 2001 Tax Cuts Look Increasingly Quaint
Now 10 years on, the national debate has again, after a long wandering in the wilderness of global terrorism, gay marriage and immigration and birth certificates, alighted on the state of the national purse, and any optimism is hard to find. This time, it’s not a question of what to do with all the extra coin.

Econ Comments                                                                                                             
WSJ | Obama's $250,000 Question
Left and right agree: His agenda requires him to break his tax pledge.

Blogs                                                                                                                             
Atlantic | Debt and Taxes
So, today we banged our head against the current debt ceiling for the first time.  Think of the country like a tall person who has just moved into an unusually cheap and small basement apartment.  The first bang is the most surprising, but it's not catastrophic.