News
CNN Money | Boehner: Spending cuts must top debt ceiling increase
House Speaker John Boehner warned Tuesday that he won't permit another increase in the debt ceiling without a larger amount of spending cuts and reforms approved in tandem.
Econ Comments & Analysis
Politico | John Boehner: Let's have debt fight right now
Forget the lame duck. Some top lawmakers want Congress to deal with the whole mess of expiring taxes and start up another debt-limit debate right away, in the heat of an election.
Washington Times | Shocker Senate budget
Sen. Harry Reid gave up his budgeting responsibilities once President Obama was elected. For the fourth straight year, the Senate majority leader hasn’t bothered with a spending plan, enabling a $5 trillion spree at 1600 Pennsylvania Ave.
Blogs
CATO | The States Are Already Getting Bailed Out
So here’s another suggestion for state and local officials. If you want to spend more money than Washington will give you, go out and tell your taxpayers that you want to increase their taxes to pay for it.
National Review | Ireland and the Austerity Fairy
Ireland should pursue austerity in the form of spending cuts not only for the quick economic-growth payoff, but they are also desirable from a structural standpoint, since they would likely help avoid future fiscal crises.
The American | The fiscal cliff is like a nasty, double-diamond ski slope
Fiscal cliff = recession—or an even worse recession if the EU debt crisis already has the economy shrinking by then.
