News
CNN Money | States' latest problem: Too much money
The windfall is setting off new rounds of budget battles between state lawmakers and governors, who not long ago were slashing and burning their programs and services.
NY Times | Improved Tax Collections Can’t Keep Pace With States’ Fiscal Needs, Survey Finds
Although state tax collections are picking up after several brutal years, a new survey by the National Governors Association and the National Association of State Budget Officers found that states still expect to collect less tax revenue and spend less money in the coming fiscal year than they did before the Great Recession began.
Politico | John Boehner calls for debt deal in a month
House Speaker John Boehner said he doesn’t want to run up against an August deadline for boosting the nation’s debt limit — fearing that it could unnerve Wall Street — but he’s refusing to back away from his calls for major spending cuts in return for a debt deal with the White House.
Econ Comments
WSJ | In Praise of Debt Limit 'Chicken'
Yesterday 150 economists released a statement saying a higher debt ceiling should be tied to spending reform now.
Daily Caller | Limit debt before raising debt limit
Over the past two years, President Obama and Congressional Democrats have overseen the largest budget deficits in the history of the U.S.
WSJ | The Debt Limit Dance
Eighty-two Democrats, or nearly half of those present, also voted no on the plan favored by the Obama Treasury.
Blogs
Heritage Foundation | Discouraging Retirement Savings Is No Way to Reduce the Federal Deficit
Removing the tax preference for retirement plans in particular would do more harm than good.
