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Tuesday, August 23, 2011

Budget

News                                                                                                                             
Fox News | Balanced budget amendment to get votes in Congress
As a "supercommittee" tries to find $1.5 trillion in new deficit cuts this fall, Republicans will be pressing a far more ambitious goal: passing an amendment to the Constitution to require a balanced federal budget.

Econ Comments                                                                                                             
Reason Foundation | The Persistence of Fiscal Fantasy
An August Economist/YouGov poll found that 56 percent of Americans said we can bring spending under control without reductions in Social Security and Medicare. Only 24 percent admit what every fiscal expert knows.

Blogs                                                                                                                             
Heritage Foundation | A Fifth Keynesian ‘Stimulus’?
Still others are calling for additional hundreds of billions in stimulus spending as part of any deficit reduction deal coming out of the ‘supercommittee.’ If either of these ideas takes hold, it would be the fifth major Keynesian experiment since 2000.