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Friday, August 19, 2011

Budget

News                                                                                                                             
Fox News | White House asks agencies to propose budgets cuts
In a letter released Thursday, White House budget chief Jacob Lew told agency heads to submit financial blueprints with spending for the 2013 budget at least 5 percent below this year's levels. He also asked them to present additional proposals that would trim spending by a total of at least 10 percent that year.

Econ Comments                                                                                                             
Politico | Cost of government only goes up
This year Cost of Government Day arrived Aug. 12 — meaning that the average American toiled 224 days to foot the bill for this year’s total cost of government.
NY Times | Cutting Costs the Montana Way
I like to say we run government like a ranch. In ranching — my old job — you either pinch pennies or go belly-up. We do the same in government. Perhaps Washington can try it.
AEI | How the Debt Deal Will Really Work
It seems unlikely that the joint committee will be able to fulfill its mission. The political and philosophical divide between Democrats and Republicans is as great as it has ever been.