FISCAL FOLLIES -- DECEMBER 2013 CONTINUING RESOLUTION
We Just Got One Step Closer to a Budget Deal -- But Now I Need Your Help (Senator Patty Murray, The Huffington Post -- Huff Post Politics, 12/17).
D.C. gets the vapors, calls sequester too much (Charles Hurt, The Washington Times, 12/17).
Budget Bill Passes, Is Headed to President's Desk (Caitlin Huey-Burns, RealClearPolitics, 12/18).FISCAL FOLLIES -- FEBRUARY/MARCH 2014 DEBT LIMIT
Republicans Compromise on the Budget, but Don’t Expect Them To Compromise on the Debt Ceiling (Eleanor Clift, The Daily Beast -- Politics, 12/18).ECONOMIC REPORTS
Welfare Rules Databook: State TANF Policies as of July 2012 (David Kassabian, Erika Huber, Elissa Cohan and Linda Giannarelli, Urban Institute, 12/13).
Spending Patterns of Families Receiving Means-tested Government Assistance (Ann C. Foster and William R. Hawk, United States Department of Labor -- Bureau of Labor Statistics -- Beyond the Numbers, December 2013).ECONOMICS 101
Productivity Up, Future Uncertain (Walter Russell Mead, The American Interest, 12/16).
THE NATURE OF POLITICS
The Next President Won’t Save Us (James Poulos, The Daily Beast -- Politics, 12/18).REVENUE-SIDE REFORM
Income Tax Deductions for Sales Taxes: A Step Away from Tax Fairness (Citizens for Tax Justice, 12/17).SPENDING-SIDE REFORM
Is the Safety Net Just Masking Tape? (Thomas B. Edsall, The New York Times -- The Opinion Pages, 12/17).MIXED-SIDE AND REGULATORY REFORM
Subsidizing Rich and Poor: There are better ways to help workers than the minimum wage (Ike Brannon, The Weekly Standard, 12/23).
What You Missed Amid the Volcker Rule's Finalization (Hester Peirce, RealClearMarkets, 12/18).MOBILITY AND EQUALITY OF OPPORTUNITY
Inequality Does Not Matter: The poor and the middle class are falling behind, and it has nothing to do with the 1 percent (Kevin D. Williamson, National Review Online, 12/18).
Of 'Equality' and Other Ancient Frauds: The futility of income redistribution (William Murchison, The American Spectator, 12/17).
Obama Is Trying to Fix Inequality by Hiring the Same Hacks Who Caused It (Robert Scheer, The Nation, 12/17).GOVERNMENT FINANCE AND FINANCIAL POLICY
Fed to taper bond buying by $10 billion a month (JeeYeon Park, CNBC -- The Fed, 12/18).
The Fed should stop the easy money (Chicago Tribune -- Editorials, 12/16).
Fed to Start Unwinding Its Stimulus Next Month (Binyamin Appelbaum, The New York Times -- Business Day Economy, 12/18).
QE: The greatest subsidy to the rich ever? (Robert Frank, CNBC -- Inside Wealth, 12/18).
What Fed tapering means for you: Why investors aren’t the only ones who will feel the pinch (Quentin Fottrell, MarketWatch, 12/18).
The Bernanke Fed's Transparency Has Been Rather Opaque (Joao Gomes, RealClearMarkets, 12/18).
What the Fed meeting could mean for the dollar (Dhara Ranasinghe, CNBC -- Currencies, 12/17).
Fed Monetary Policy Can't Solve Our Economic Ills (William Poole, Investors.com -- Viewpoint, 12/17).
Three reasons the Fed should taper QE3 (Rex Nutting, MarketWatch, 12/17).LOCAL GOVERNMENT BANKRUPTCY -- DETROIT
Moody's lowers N.J. debt outlook to negative, citing slow recovery (Salvador Rizzo, NJ.com, 12/17).
Who’s Really To Blame for Detroit’s Financial Problems? (David Sirota, In These Times, 12/13).PUBLIC PENSIONS
Deadbeat Governments (James Surowiecki, The New Yorker -- The Financial Page, 12/23).GLOBAL ECONOMY
Putin's Conservative State Capitalism (Anders Aslund, The Moscow Times, 12/17).SOMETHING COMPLETELY DIFFERENT
Earth’s Quietest Place Will Drive You Crazy in 45 Minutes (Smithsonian.com, 12/17).
The Secret of Comedy Really Is Timing (Tom Jacobs, Pacific Standard, 12/17).
Endless fun: The question is not whether we can upload our brains onto a computer, but what will become of us when we do (Michael Graziano, aeon magazine, 12/18).