A Federal Budget Cut We Need

Congress has an idea:

American consumers have shown about as much appetite for the $1 coin as kids do their spinach. They may not know what’s best for them either. Congressional auditors say doing away with dollar bills entirely and replacing them with dollar coins could save taxpayers some $4.4 billion over the next . . . → Read More: A Federal Budget Cut We Need

The Abstract and the Concrete

Vanity of vanities, all is vanity:

This chart basically shows that Republicans are really no different than the mainstream when it comes to specific spending cuts (which, incidentally, is why Rep. Ryan’s budget is a joke). Now, it is true that Republicans are more supportive of spending cuts in general. However, once you start . . . → Read More: The Abstract and the Concrete

Everything You Need to Know

About the 2012 Republican Party candidates:

CFRB compares the candidates’ plans to a “realistic” baseline that assumes the Bush tax cuts are made permanent and the automatic sequesters required by the Budget Control Act of 2011 are waived, among other things. Relative to that extremely pessimistic baseline, Santorum and Gingrich still want huge increases . . . → Read More: Everything You Need to Know

Thoughts On Ron Paul’s Budget Proposal

First, a summary from the WSJ:

GOP presidential candidate Rep. Ron Paul will unveil his economic plan Monday afternoon, calling for a lower corporate tax rate, cutting spending by $1 trillion during his first year in office and eliminating five cabinet-level agencies, including the Education Department, according to excerpts released to Washington Wire…

But . . . → Read More: Thoughts On Ron Paul’s Budget Proposal

Interesting Readings for June 18, 2010

The Budget Speech of February 2010 had announced a `Technical Advisory Group for Unique Projects’ (TAGUP). The press release about creation of this group is out.

Anil Padmanabhan looks back at year 6 of the UPA.

Heather Timmons and Hari Kumar in the New York Times on the carnage on India’s roads.

NSE does . . . → Read More: Interesting Readings for June 18, 2010