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Friday, December 9, 2011

Budget

News                                                                                                                             
NY Times | Treaty to Save Euro Takes Shape, but Britain Sits Out
Importantly, all 17 members of the European Union that use the euro agreed to the new treaty, along with six other countries who wish to join the currency union one day.
NY Times | Europe’s Debt Crisis Brings Two Former Foes Closer Than Ever
In the battle over how to save the euro, Germany has plenty of leverage but not many friends. Among its staunchest supporters is also one of the most surprising, its historic enemy, Poland.

Econ Comments                                                                                                             
Washington Times | ROKITA: New austerity in our future
Greece’s devastating economic squeeze could happen here.
Minyanville | Tackling the Ongoing Problem of Too Much Debt
A certain amount of debt can help an economy grow. But there's a point at which too much of it becomes harmful.

Reports                                                                                                                         
Heritage Foundation | Chairman Ryan’s Proposals for Fixing the Budget Process
To say “the budget process is broken,” as many Members of Congress like to complain, is a little misleading.