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Monday, April 9, 2012

Budget

News                                                                                                                             
CNBC | Government Spending Cuts Will Create Economic Boom: Art Laffer
President Obama’s recent criticism of the Republican budget plan misses the mark, former Reagan economic advisor Art Laffer told CNBC Thursday.

Econ Comments & Analysis                                                                                            
WSJ | Treasury's Run Around DeMarco
If you can't roll over Ed DeMarco, run around him. That's the Obama Administration's latest ploy, as it tries to arrange one more election-year housing bailout.
CBO | Monthly Budget Review
The federal government incurred a budget deficit of almost $780 billion in the first half of fiscal year 2012, CBO estimates—$53 billion less than the shortfall during the same period last year. Revenues were about 4.5 percent higher and outlays slightly lower than the amounts recorded in the first six months of fiscal year 2011.
CATO | Obama's And Paul Ryan's Conflicting Budget Visions
With his speech to news editors and executives this week, President Obama has made it clear that he plans to run a starkly ideological campaign, contrasting his vision for the future of the country with that of his Republican opponents.

Blogs                                                                                                                             
Heritage Foundation | Chart of the Week: Obamacare’s Bundle of Budget Gimmicks
President Obama has touted reports from the Congressional Budget Office claiming his health care law would actually decrease the deficit. But due to a bundle of budget gimmicks and other legislation, calculations show that Obamacare actually adds $698 billion to the deficit. This week’s chart outlines each of those budget gimmicks.
The American | Sure, Obama has a debt plan. Here it is …
Testifying before the House Budget Committee today, Treasury Secretary Tim Geithner told Chairman Paul Ryan the following: “We’re not coming before you to say we have a definitive solution to that long-term problem. What we do know is we don’t like yours.”