Pages

Wednesday, August 31, 2011

Budget

News                                                                                                                             
National Journal | War Contracting Commission Estimates $31 Billion to $60 Billion Wasted
Estimates $12 million squandered every day for the last 10 years.

Econ Comments                                                                                                             
Daily Caller | Debt ceiling is only first step in debate over federal spending
“The fiscal consolidation plan … falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.” S&P, August 5
Fox News | Real Economic Recovery Demands a Balanced Budget Amendment
The bottom line is that we need more effective policies that will ensure the efforts made to cut spending today aren’t undone by politicians in the future.
WSJ | Bank of Political Works
A Fannie Mae for 'infrastructure.'

Blogs                                                                                                                             
Cato@Liberty | Federal Spending Hits $4.1 Trillion
The $3.6 trillion figure is “net” outlays. But “gross” outlays, or total spending, is quite a bit higher.