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Friday, February 24, 2012

Budget

News                                                                                                                             
WSJ | Europe's Banker Talks Tough
European Central Bank President Mario Draghi warned beleaguered euro-zone countries that there is no escape from tough austerity measures and that the Continent's traditional social contract is obsolete, as he waded into an increasingly divisive debate over how to tackle the region's fiscal and economic troubles.

Econ Comments & Analysis                                                                                            
CATO | Are European Fiscal Rules a Greek Farce?
Now teetering on the edge of bankruptcy, Greece was first sanctioned for violating the European growth and stability pact in 2005.

Blogs                                                                                                                             
Heritage Foundation | Debt Ceiling, the Sequel: Coming to a Theater Near You
Of course, the election will be in large part about President Obama’s dreadful handling of the economy, which is finally showing real signs of life despite—not because of—Obama’s policies. And the election will also be about America’s future, a future that is not as bright as it should be because the national debt will have risen by more than $5 trillion over the course of Obama’s term.