Wednesday, July 30, 2014


Econ Comments & Analysis                                                                                            
USA Today | Keep chopping federal spending: Another view
President Obama is not doing enough to rein in spending and deficits. He says the deficit has been cut in half since he came to office. But that is a cut from the giant 2009 figure of $1.4 trillion, which was so high partly because of his costly stimulus bill.
Washington Times | In Congress, big spenders all
Politicians just can’t give up their free-spending ways, and it’s not difficult to find a Republican who wants to expand the government just like a Democrat. An accurate indicator of whether a congressman is a cheapskate or a spendthrift is which congressional organization he joins.

WSJ | One Big Factor in the Economic Uptick: Government Spending
The U.S. economy rebounded strongly in the second quarter and a big contribution to that growth was renewed strength from the government, especially at the state and local level. Government spending climbed by 1.6% at an annual rate, its strongest three months since the third quarter of 2012.