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Friday, August 12, 2011

Budget

News                                                                                                                             
National Journal | 11 Ways to Jump-Start Economic Growth: Not Increasing the Deficit Edition
Experts across the ideological spectrum weighed in on how to boost growth through policy changes, use of existing resources, and unconventional ideas. Here is the second wave of suggestions, laying out ideas that wouldn’t cost a penny.

Econ Comments                                                                                                             
Washington Post | Britain tackles the welfare state
Osborne says America’s welfare reform of 1996 “helped change the debate over here.” Perhaps, but almost 30 percent of public spending here is still for a welfare system under which an unemployed single mother with two children has more disposable income than a postal worker.
WSJ | Happy Cost of Government Day! You Worked for It
From Jan. 1 until today, every penny Americans earned paid for federal, state and local spending and regulations.
CBO | Response to Questions About the Effects of Government Spending on Economic Growth
Changes in government spending can affect the economy in two different ways: in the short term, by changing demand for goods and services and over the long run, by changing the potential supply of goods and services.