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Friday, May 23, 2014

Budget

Econ Comments & Analysis                                                                                            
AEI: The American | If Detroit's Not Too Big To Fail…
With the instructive Detroit precedent, shrunken populations, and underfunded municipal pensions common, we can conclude that no city, not even Chicago, should be thought of as too big to fail.

Blogs                                                                                                                             
Heritage Foundation | Oops: The Export-Import Bank Is Actually Losing Taxpayer Money
If forced to apply the stricter accounting rules required of private firms, Ex–Im would be overstating its profitability by $16 billion during the next decade: Instead of a 10-year surplus of $14 billion, the bank would incur a loss of $2 billion.