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Wednesday, March 20, 2013

Budget

News                                                                                                                             
Politico | Mr. Penny vs. a Dragon: Hey Kids, It's the National Debt!
Washington’s budget squabbles and financial fights are enough to tangle up anyone’s head — one can only imagine how it might confuse children.

Econ Comments & Analysis                                                                                            
Washington Times | Escaping the deficit spending trap
The recent budget proposal by Rep. Paul Ryan has demonstrated that achieving a balanced budget is not impossible. Yet while it is technically possible, it is politically close to impossible.
Heritage Foundation | Senate Budget Tax Plan: Murray’s Tax Increases Trade Economic Growth for Revenue
Senate Budget Committee chairwoman Patty Murray (D–WA) unveiled the first Senate budget in four years. Murray deserves some credit for actually advancing a budget, but her budget contains steep tax increases that would reduce economic growth by increasing the cost of capital investment.

Blogs                                                                                                                             
Heritage Foundation | The RSC Budget: A First Look
The Republican Study Committee (RSC) has proposed a budget that balances in just four years while holding tax revenue at near its historical average. It advances more aggressive entitlement reforms than the House Budget Committee plan, including Social Security, and features deeper spending cuts.