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Friday, September 6, 2013

Budget

News                                                                                                                             
CNN Money | America's first debt ceiling crisis
Can threats to block a debt ceiling increase ever be justified as a tool to force politicians to make difficult but necessary decisions?
CNBC | Debt talks could get ugly, but sequestration? No
However contentious and unproductive the upcoming debt ceiling negotiations might be, we can be virtually assured there will be no sequestration sequel.

Econ Comments & Analysis                                                                                            
Washington Times | Distraction from the debt
Congress comes back on Monday, and all eyes will be on the members and whether they will support the president on Syria. The momentous foreign-policy question diverts attention from the equally pressing concern of what to do about the nation’s $16.7 trillion debt.

Blogs                                                                                                                             
CATO | U.S. Government Spending, 1970-2013
Downsizing Government has a new tool allowing readers to chart spending for more than 500 federal agencies with the click of a mouse. It’s pretty cool. Hopefully it will help citizens, reporters, and policymakers understand how the budget has grown to a colossal $3.5 trillion a year.