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Friday, August 31, 2012

Budget

News                                                                                                                             
WSJ | Judgment Days Arrive for Euro Crisis
After an uncharacteristically calm August, European policy makers and financial markets are facing a tumultuous autumn marked by major showdowns in key euro-zone battlegrounds.

Blogs                                                                                                                             
Heritage Foundation: The Foundry | Heritage Foundation “Cut Government Spending” Goal Gains Ground
The Heritage plan proposes to balance the federal budget within a decade and keep it balanced forever at no more than 18.5 percent of the total output of the American economy in goods and services in a single year, called gross domestic product (GDP).
Mercatus Center: Neighborhood Effects | Generational Unfairness in Pensions
Today’s taxpayers are paying for current retirees who provided state services in the past. Likewise, the new reforms require sacrifices primarily from new workers.