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Thursday, March 14, 2013

Budget

News                                                                                                                             
Politico | Patty Murray plan doesn't balance budget
Sen. Patty Murray’s new budget plan would cut annual deficits but still leaves the country with a $566 billion shortfall after 10 years, as Senate Democrats and House Republicans continue to debate whether balancing the budget in a decade is the best approach to bolster the tepid economy.
CNN Money | What's in the Democrats' budget
The talk in Washington on Tuesday was all about "no new taxes, ax spending, kill deficits and watch the economy grow."
Market Watch | Boehner calls meeting with Obama a 'good start'
House Republican leader John Boehner said Wednesday there was a good tone in a closed-door meeting between House Republicans and President Barack Obama and it was a "good start" in an effort to find common ground.

Econ Comments & Analysis                                                                                            
Daily Caller | What to cut next
For supporters of limited government, there is some good news coming from Washington. On entitlement spending, House Budget Committee Chairman Paul Ryan’s new spending plan would reform Medicare and Medicaid, repeal Obamacare, and balance the budget over 10 years.
WSJ | Escape From Spending Hell
So it looks like we've all been sentenced to spending at least two more years in budget hell with Barack Obama. Under the rules of budget hell set the past four years by the prince of Pennsylvania Avenue, you're not allowed to do anything real about federal spending. You can only fight over federal spending. Forever.
CRS | The Budget Control Act, Sequestration, and the Foreign Affairs Budget: Background and Possible Impacts
According to a February 22, 2013, Pew Research Center survey, Americans surveyed support cuts in foreign aid spending more than any other government activity mentioned. Although still not the majority, 48% of those polled prefer a decrease in foreign aid, while 49% prefer it remains at the current level or is increased.