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Monday, March 26, 2012

Budget

News                                                                                                                             
National Journal | Republican Study Committee to Release Budget with Deeper Cuts than Ryan's
The conservative Republican Study Committee will unveil its own budget Tuesday, a week after House Budget Committee Chairman Paul Ryan, R-Wis., released a proposal that did not cut spending as much as the hard line group wanted.

Econ Comments & Analysis                                                                                            
Washington Times | Motown lowdown
The Motor City is skidding toward bankruptcy. Moody's Investors Services downgraded about $2.5 billion of Detroit’s debt on Tuesday, acknowledging the harsh reality that this once-great metropolis has failed.
Roll Call | Budget Reveals Conservatives’ Distrust of Leaders
House Budget Chairman Paul Ryan’s financial blueprint will likely pass the House this week, but resistance from conservatives reveals a growing distrust of GOP leaders when it comes to deficit reduction.
Heritage Foundation | Department of Energy Budget Cuts: Time to End the Hidden Green Stimulus
Government spending has increased considerably over the past decade, and, unless a dramatic shift occurs, spending will continue to grow at unsustainable rates.

Blogs                                                                                                                             
The American | Paul Ryan’s supply-side budget: Prosperity, not austerity
Real economic growth — driven by Schumpeterian innovation — can produce fiscal miracles. If nothing else, Rep. Paul Ryan’s Path to Prosperity demonstrates that reality. The budget Ryan put forward on Tuesday would balance in 2039. That’s a long time from now. The Chicago Cubs might even win a World Series by then.