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Thursday, July 10, 2014

Budget

News                                                                                                                             
CNN Money | The wrong folks get billions in tax dollars
A government watchdog agency said an estimated $106 billion in payments were made in error last year: meaning they were the wrong amount, went to the wrong person or lacked sufficient documentation.

Econ Comments & Analysis                                                                                            
Real Clear Markets | America's Deficit-Attention Disorder
The federal debt was regularly in the news from the summer of 2011, when the arriviste tea-party Republicans refused to vote for a higher debt ceiling unless the Obama administration agreed to spending reductions, until the end of 2013, when another debt-ceiling impasse closed the government for two weeks before the House capitulated.