Budgets (page 252)

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    Stossel takes a sensible approach to balancing the federal budget

    John Stossel‘s latest column reminds us that “taxes shouldn’t be the answer when spending is the problem.” Milton Friedman? always said taxes don’t tell the whole story. What counts is how much of our resources government spends, however it acquires them. The doubling of…
    Mitch Kokai, August 3, 2011
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    Roberts takes on Krugman, again

    Russ Roberts takes on Paul Krugman’s latest Keynesian nonsense here. Krugman argues that: The worst thing you can do in these circumstances is slash government spending, since that will depress the economy even further. Pay no attention to those who invoke the confidence fairy, claiming that tough action on…
    Michael Sanera, August 2, 2011
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    York focuses on the politics tied to the debt-limit deal

    Byron York‘s latest Washington Examiner article notes that a deal on the federal debt limit — good, bad, and/or ugly — doesn’t address the key issue motivating voters. Making a deal after a long struggle left Republican leaders in a strange mood: relieved, happy…
    Mitch Kokai, August 2, 2011
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    Heritage Action urges ‘no’ votes on debt-limit deal

    Heritage Action for America has issued the following response to the Budget Control Act of 2011: Today or tomorrow, the Senate and House will vote on the Budget Control Act of 2011, which would increase America’s debt ceiling. The deal relies on an insufficient level of…
    Mitch Kokai, August 1, 2011
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    Steyn cuts through the debt-limit debate’s hyperbole and accounting gimmicks

    Mark Steyn takes a common-sense approach to the rhetoric surrounding the debt-limit debate in a column posted at National Review Online: That thoughtful observer of the passing parade, Nancy Pelosi, weighed in on the “debt ceiling” negotiations the other day: “What we’re trying to…
    Mitch Kokai, August 1, 2011
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    America’s Big Shift Right

    Christian Science Monitor correspondent Liz Marlantes has a very interesting article in today’s edition—America’s Shift Right. And while you are at it, read John Hood’s series of articles on America’s Founding Principles.
    Kory Swanson, August 1, 2011
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    Carney dissects the politics of a debt-limit deal

    Timothy P. Carney didn’t have a chance to see details of the proposed federal debt-limit deal before filing his latest Washington Examiner column, but he was able to glean that the deal would follow a pattern clear from President Obama’s previous dealings with Congress.
    Mitch Kokai, August 1, 2011
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    Government Will Have to Pay for 1/2 of all Health Care Costs By 2020

    A new government report estimates that, “Total health care spending is expected to nearly double to $4.6 trillion in 2020, from $2.6 trillion in 2010. Health care spending per capita is forecast to increase to $13,708 in 2020 from $8,327 in 2010.” These kinds of estimations are made annually, but this is the…
    Nicole Fisher, July 29, 2011