Budgets (page 256)

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    Three GOP governors seek federal balanced budget amendment

    The Republican governors of Virginia, Mississippi, and Texas want Congress to move forward with a balanced budget amendment, as reported by Human Events: “We believe it is time that the federal government be required to live within its means and…
    Mitch Kokai, March 30, 2011
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    Barone tackles Tea Party apathy

    Michael Barone's latest Washington Examiner article addresses the notion that Tea Party activists might have lost some of their enthusiasm: Has the wind gone out of the sails of the smaller-government movement? Is the Tea Party movement going through a hangover? You can find some evidence for these propositions. In Washington, Democrats like former National Chairman Howard Dean look forward gleefully to a government shutdown, and Sen. Charles Schumer thinks he can drive a wedge between Speaker John Boehner and "extremist" Tea Partiers. And in state capitals some new Republican governors are getting hostile receptions to their plans for cutting spending and curtailing the power of public employee unions. ...
    Mitch Kokai, March 30, 2011
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    The Price of Taxing the Rich

    The price of taxing the rich? According to this Wall Street Journal article, the wealthiest segment of society has the most volatile income, so politicians who rely on taxing them to fund their social and political dream projects can wind up diving headlong into a budget nightmare. The…
    Karen Palasek, March 29, 2011
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    ‘This Time It’s Different’ co-author predicts long, slow recovery

    You’ll have to wait for a link to Money magazine’s interview with Carmen Reinhart, co-author of the book This Time It’s Different: Eight Centuries of Financial Folly. In the meantime, I can share that Reinhart tells the magazine: “Historically, the recovery process from a severe financial crisis has…
    Mitch Kokai, March 29, 2011
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    Paul discusses the Libyan conflict, the tanking dollar, his role in Congress

    Before his public speech this evening at N.C. State University, U.S. Rep. Ron Paul, R-Texas, briefed reporters on topics including war, government overreach, and the financial crisis. Click play below to watch the entire 17:18 news conference.
    Mitch Kokai, March 28, 2011
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    Which party has gauged the public mood correctly?

    Yuval Levin offers TIME readers an interesting take on the two major parties’ contrasting approaches to the federal government’s budget challenges. The biggest reason for this long-term debt explosion is our system of entitlements. Republicans and Democrats in Washington both understand that reforming those…
    Mitch Kokai, March 28, 2011
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    NPR’s future

    There’s nothing wrong with National Public Radio’s viewpoint leaning left-of-center. I’m not the only one who thinks that way, according to the latest Newsweek: Would only liberals mourn a collapse of NPR? In an NPR survey last year, 37 percent of listeners described themselves as liberal…
    Mitch Kokai, March 28, 2011
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    This weekend on Carolina Journal Radio

    High-profile political battles in Wisconsin and Ohio have generated attention for the issue of public-sector collective bargaining. John Hood discusses the implications for North Carolina in the next edition of Carolina Journal Radio. Roy Cordato will explain why “market-based environmentalism” has little to do with free markets, and…
    Mitch Kokai, March 25, 2011