News
CNN Money | Obama budget fails to tackle entitlements
Independent deficit hawks -- as opposed to the political ones seeking votes -- gave mixed reviews to President Obama's 2013 budget proposal.
CNN Money | Obama's budget: Where it cuts
President Obama's new budget cuts government spending in a big way.
FOX Business | The 10 Countries Deepest in Debt
The Greek government on Sunday agreed to drastic austerity measures in the hopes of securing a 130 billion euro bailout from international creditors — the second bailout in two years.
Econ Comments & Analysis
Real Clear Markets | The 2013 Budget: A Process Run Amok
At the announcement of the President's Budget, many budget observers are wondering if it matters much anymore.
Forbes | How to Swap the Obama Budget for an Optimistic Economic Growth Agenda
New spending in President Obama’s $3.8 trillion fiscal year 2013 budget would increase investments in education, manufacturing and R&D, transportation projects, electric vehicle incentives and the like.
WSJ | The Amazing Obama Budget
Federal budgets are by definition political documents, but even by that standard yesterday's White House proposal for fiscal year 2013 is a brilliant bit of misdirection.
Washington Times | Obama has no Plan B
President Obama has just presented his new budget, which again ignores reality. It contains another trillion-dollar deficit, which assumes a large increase in revenue resulting from a tax-rate increase on “the wealthy” and corporations.
Blogs
National Review | Obama’s Budget is Out: The Time for Austerity is Never
The budget is out. Keynesians should rejoice; austerity is not coming to the United States anytime soon. I do feel sorry for future generations.
Keith Hennessey | The ratio of spending cuts to tax increases in the President’s budget
The Obama Administration claims their new budget contains $2.50 of spending cuts for every $1 of tax increases.
Politico | Left, right blogs dissect the '13 budget
Conservatives in the blogosphere found much to pick at in the President Barack Obama’s proposed budget, objecting to specific items such as subsidies for the Chevy Volt, the lack of money for the D.C. education voucher program, funds for social security “program integrity” and special interest tax credits.
CATO | Obama’s Budget: This Isn’t Built to Last
Today’s release of his fiscal 2013 budget proposal shows that the president still thinks he can build economic prosperity with more spending, taxes, and debt.
