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Thursday, April 25, 2013

Budget

Econ Comments & Analysis                                                                                            
Washington Post | The Reinhart/Rogoff brawl
An insistent question of our time is, how much government debt is too much. Is there some debt level that becomes crushing as opposed to merely costly? The controversy over research by economists Carmen Reinhart and Kenneth Rogoff shows how explosive the issue is.
Daily Caller | New Simpson-Bowles plan a needed wake-up call
Last week, Erskine Bowles and Alan Simpson, co-chairs of the Moment of Truth Project, released a new budget plan, titled “A Bipartisan Path Forward to Securing America’s Future.”
Heritage Foundation | The Unknown Cost of Federal Student Loans
As Congress again considers preventing the interest rate on federal student loans from doubling, the cost to taxpayers should be a central issue. However, the federal government’s accounting practices systematically understate the cost of student loans by failing to account for market risk.

Blogs                                                                                                                             
Market Watch | Republicans’ debt-limit bill advances in House
A Republican bill to pay Treasury bondholders if the U.S. hits its debt ceiling advanced in the House on Wednesday, clearing the Ways and Means Committee.