News
Politico | Setting a low bar for budget talks
Don’t expect the budget negotiating committee convening on Capitol Hill Wednesday to arrive at any sweeping resolution that tackles long-term government spending, entitlement programs or the Tax Code.
CNN Money | Aiming for more than bupkis on the budget
The 29 lawmakers chosen to negotiate a way out of another budget stalemate and government shutdown will meet officially -- and publicly -- for the first time on Wednesday.
Econ Comments & Analysis
Washington Times | Your govt. is morbidly obese
In 2010, statistics available from the Internal Revenue Service demonstrate that individuals earning $69,000 or more, which encompasses much of the middle class and everyone in upper classes, had a combined gross adjusted income of $5.1 trillion. That is an enormous sum of money, and it gives us some idea of the power of the economic engine that this nation possesses. The problem is that the federal budget was $3.5 trillion, which is almost two-thirds of that amount.
