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Thursday, March 21, 2013

Budget

News                                                                                                                             
Politico | Conservative House budget fails
House Republican leaders beat back conservatives’ effort to substitute more drastic spending cuts than those contained in Budget Chairman Paul Ryan’s fiscal blueprint, as Democrats forced the issue by voting present on the floor.

Econ Comments & Analysis                                                                                            
WSJ | The Sequester Is an Overhaul Opportunity
With the advent of the trillion-dollar budget sequester two weeks ago, many Americans assumed that the government's motley collection of furloughs, freezes and poorly planned cuts would result in even worse performance by the federal bureaucracy than they've come to expect.
Washington Post | Lessons from the budget bake-off
While philosophers have debated the question in broad terms for centuries, I’m happy to report that we can now definitively quantify the difference between a pinko communist dystopia in which the leviathan state crushes the very soul of freedom, and a neanderthal right-wing hellscape in which the poor, frail or otherwise unlucky fight for whatever crumbs John Galt cares to spill.