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Monday, August 29, 2011

Budget

News                                                                                                                             
Washington Times | Pentagon mulls ways to make major cuts
The Pentagon is considering a range of options to meet a bipartisan call to greatly reduce defense spending in what is a “perfect storm” rocking the military’s once-plump budget plans.
National Journal | Where Is Congress With Appropriations?
This is true in any calendar year, given that the federal government's fiscal year begins October 1, but may be especially pertinent this year with the new congressional super committee scheduled to meet. 

Econ Comments                                                                                                             
WSJ | A Short Primer on the National Debt
With a return to 1990s growth rates, the debt-to-GDP ratio could drop to 56.7%, about where it was in 2000, in just one decade.