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Monday, December 5, 2011

Budget

News                                                                                                                             
USA Today | Many have little to no savings as retirement looms
Not only are many Americans close to retirement age lacking savings, some are in the hole financially.

Econ Comments                                                                                                             
Fiscal Times | The Debt Debacle: Why Alan Simpson Is Mad as Hell
He said that failure to reach an agreement on how to reduce the deficit by $1.2 trillion over the next decade will put the country into a “deep funk,” and there is no telling when the U.S. could hit its credit limit.

Blogs                                                                                                                             
American: Enterprise Blog | Stop Social Security’s raid on the federal treasury
Moving money around within the federal government cannot change the government’s overall financial position, but can reallocate budgetary resources between Social Security and other programs.