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Thursday, July 19, 2012

Budget

News                                                                                                                             
NY Times | South Carolina Governor’s Budget Ax Is Blunted by Legislators
Gov. Nikki R. Haley of South Carolina has marched through the new state budget, cutting spending on teachers’ salaries, the arts, rape crisis centers and even a program to control head lice.
CNN Money | Bowles and Simpson: Still pushing boulder up the Hill
A new campaign launched Tuesday aims to create public support for lawmakers who have been too afraid to back a bipartisan debt-reduction plan.

Blogs                                                                                                                             
Economist | Pointless, painful uncertainty
Everyone agrees uncertainty is bad for the economy. But doing something with this observation is seriously hampered by the fact that uncertainty is almost impossible to define and measure. 
Heritage Foundation | Obama Misses Budget Deadline—Again
President Obama seems to view budget deadlines as mere suggestions. During his term, Obama has missed all but one deadline to deliver his annual budget and midsession review. This week marks another year in which the President missed both deadlines.