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Friday, April 13, 2012

Budget

Econ Comments & Analysis                                                                                            
Washington Post | Europe now sees its financial crisis never really went away
The European “crisis” is back. Actually, it never went away — and won’t for many years. The problems are so deep and pervasive that there is no easy or obvious solution.
Washington Times | Block-granting our way to balance
Some commentators will tell you that our debt crisis has been aggravated by the political rift between Republicans and Democrats. Those who say so will suggest that the only way out of our fiscal crisis is the bipartisan way.

Blogs                                                                                                                             
Economist | It isn't a debt crisis
We've charted a fiscal gap, which is defined as the budget surplus (net of interest) that a government would need to run from 2013 on if it wanted to reduce its sovereign-debt load to 50% of GDP by 2050.