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Friday, December 13, 2013

Budget

News                                                                                                                             
WSJ | House Passes Budget Agreement in 332-94 Vote
Lawmakers took a step away from the confrontational politics and brinkmanship that has roiled the economy in recent years, as the House on Thursday passed a budget bill designed to avoid a government shutdown next month and relax spending limits in the next two years.

Econ Comments & Analysis                                                                                            
Washington Times | Seriously, this is a budget?
There is little to like in the debt-heavy budget deal that is about to pass Congress. It does not seriously attack billions of dollars in wasteful spending and barely nicks monster deficits that are forecast to grow by more than $6 trillion over the next 10 years.
WSJ | A Small Step in the Right Direction
When I was new in the Reagan administration, a colleague would worry aloud to me about the bad things he was hearing about the budget negotiations on the Hill. We're giving away the store, the negotiators aren't tough enough, they're throwing in the towel. I tried to study up so I could be alarmed too.

Blogs                                                                                                                             
Heritage Foundation | The Budget Deal -- and Why We're $17 Trillion in Debt
Country singer Aaron Tippin’s old hit song “You’ve Got to Stand for Something (or You’ll Fall For Anything)” could be the new theme song for the Republican leadership in the U.S. House.