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Wednesday, December 11, 2013

Budget

News                                                                                                                             
Politico | Inside the budget agreement
The House-Senate budget bill is 77-pages of largely modest savings but also salted with a variety of “good government” reforms that could help win votes for passage.
CNBC | Guess which students have the highest college loan debt
Student loan debt is painful for anyone to carry. But if you think the greatest debt burden is falling on the poorest students, think again.

Econ Comments & Analysis                                                                                            
WSJ | A Least Bad Budget Deal
The best that can be said about the House-Senate budget deal announced late Tuesday is that it includes no tax increases, no new incentives for not working, and some modest entitlement reforms. Oh, and it will avoid another shutdown fiasco, assuming enough Republicans refuse to attempt suicide a second time.
LA Times | Piling on the Murray-Ryan budget deal
Here's what counts as success in Washington these days: a budget deal that almost everyone hates and that doesn't solve any of the country's major problems.
Washington Times | Should Congress hike your taxes … or, instead, slash spending?
Few things would dash the holiday spirits of deficit hawks more than a budget deal that abandons the sequester caps and funnels new revenue into federal coffers. Unfortunately, that’s exactly what budget negotiators in Congress have presented.
Mercatus | Federal Spending and Sequestration
These charts use the most recent Congressional Budget Office Updated Budget Projection figures from May 2013 to examine the effects of the sequester, or automatic spending reductions, on both general and non-war defense federal spending over the next ten years.

Blogs                                                                                                                             
Heritage Foundation | 3 Things You Need to Know About the Congressional Budget Deal
Many had high hopes that the first budget conference in four years would make a substantial down payment toward fixing the U.S. spending and debt crisis. The new “Bipartisan Budget Act” thoroughly disappoints. While we dig through the details for a more complete assessment, here are three key facts on the sour deal