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Thursday, April 11, 2013

Budget

Econ Comments & Analysis                                                                                            
Mercatus | FY2014 Budget Proposals In Perspective
With the recent release of President Obama’s FY 2014 budget, it is important to put the budget numbers from the various proposals into proper perspective.
WSJ | The Obama Budget's Economic Message
Presidents use their budgets to set priorities, make choices and provide leadership. Budgets are one of the most important tools for guiding and managing a large, complex organization.
Fortune | Current fiscal policy harms U.S. competitiveness
Political dysfunction in D.C. has led to the American public being barraged by continuous media reports about the fiscal cliff, the debt ceiling and the sequester. But the political skirmishes and impasses around these short-term events are distracting us from the real danger ahead: Our reckless fiscal trajectory that threatens America's competitiveness.
Investors | 6 Ways Obama's Budget Is Worse Than Everyone Thinks
Fiscal Policy: Shorn of its accounting gimmicks, the president's budget isn't a "balanced" plan to get the debt crisis under control. It's a monument to fiscal irresponsibility.

Blogs                                                                                                                             
WSJ | Budget Deficit Is Shrinking – a Lot
Lost in the chatter about President Barack Obama’s behind-schedule delivery of his annual budget was this word from the U.S. Treasury: The federal deficit for the first six months of the fiscal year (October 2012-March 2013) was $600 billion, a whole lot less than the $779 billion recorded for the same months of the previous year.
CATO | Obama’s Budget “Savings”
When the previous Bush administration released its fiscal 2006 budget proposal, it included a separate document listing specific spending cuts and other reforms. The idea was too little and too late, and it’s likely that the Bush administration included it as part of a feeble attempt to answer critics of the Republican spending binge. 
Heritage Foundation | The Obama Budget in One Infographic
President Obama released his 2014 budget more than 60 days late. Heritage’s team of policy experts spent the better part of yesterday combing through it to discover proposals that impose new taxes on Americans, expand the size of the federal government, and further erode individual freedom and our national defense. Not surprisingly, it doesn’t even attempt to balance the budget — now or in the future.