News
National Journal | Super Committee Faces High Hurdles
Widespread calls for compromise unlikely to change Washington.
MarketWatch | ‘Super committee’ Democrat: Jobs key to debt cuts
Rep. Chris Van Hollen, one of 12 members of the new congressional “super committee” charged with cutting the budget deficit by $1.5 trillion, believes the panel must do two things at once: stem the government’s red ink and help the economy get back into “high gear.”
Econ Comments
WSJ | Raising Hell in Subsidized Housing
Section 8's budget soared to $19 billion this year from $7 billion in 1994. HUD now picks up the rent for more than two million households nationwide; tenants pay 30% of their income toward rent and utilities while the feds pay the rest.
Blogs
Forbes | $10 In Spending Cuts For $1 In Tax Increases? No Thanks.
Imagine Peanuts’ Lucy Van Pelt’s shock, dismay and disbelief if Charlie Brown were to refuse to try to kick the football, denying her yet another opportunity to pull it away at the last second and watch him fall on his butt. Well, that’s pretty much how The New York Times reacted after the House Republicans refused to agree to “revenues” in return for raising the debt ceiling: shock, dismay and disbelief.
