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Wednesday, March 12, 2014

Budget

News                                                                                                                             
FOX Business | Obama's Budget Targets Social Security Benefits
Buried in President Obama's massive 2015 proposed budget is a major change to Social Security regulations. If enacted, it would eliminate popular Social Security claiming strategies that significantly increase the size of people's benefits.

Econ Comments & Analysis                                                                                            
WSJ | The Troubling Numbers in the Obama Budget
When he was governor of New York, Mario Cuomo famously remarked that "You campaign in poetry; you govern in prose." To which he might well have added, "And you budget in numbers." Although President Obama's fiscal 2015 budget is professedly aspirational, its numbers reveal—as its prose does not—the path on which our country is now embarked. Americans of every persuasion should ask themselves whether this is the path they want.
Mercatus | The Uses and Misuses of Budget Data
How can analysts using the same set of budget figures come to dramatically different conclusions about the course of federal government spending? It’s because they start with different notions of what’s important in the spending outlook.

Blogs                                                                                                                             
Economics One | Why It’s Hard to Make the Unpopular Stimulus Look Good
Some columnists have been using the 5-year anniversary of the 2009 discretionary fiscal stimulus package to claim that it worked to jump-start the economy.  It’s a tough case to make.  The very word “stimulus” has become a dirty word because so many Americans view it as a failure.