News
Politico | Sequestration: Where will the cuts hit?
When it comes to sequestration, President Barack Obama and most lawmakers would prefer to just not go there.
CNN: Money | Fallout from fiscal cliff inaction
Congress and the White House created the fiscal cliff. And now they've waited too long to avert it, even if they do somehow eke out a deal by Dec. 31.
Bloomberg | Boehner Drops ‘Plan B’ as Budget Effort Turns to Disarray
House Speaker John Boehner scrapped a plan to allow higher tax rates on annual income above $1 million, yielding to anti-tax resistance within his own party and throwing already-stalled budget talks deeper into turmoil.
Econ Comments & Analysis
WSJ | Teetering on the Cliff
Boehner's tax bill failure reflects Obama's failure to negotiate seriously.
CBO | H.R. 6684, the Spending Reduction Act of 2012
Assuming enactment around January 1, 2013, CBO and the staff of the Joint Committee on Taxation estimate that enacting H.R. 6684 would yield net deficit reduction of $217.7 billion over the 2013-2022 period.
Blogs
Café Hayek | What Everyone Knows About Austerity
How does it come to pass that everyone comes to know something that isn’t true? A simple answer is that if enough people treat it as true and those people have some credibility, then most people will assume it is true.
