budget

One would be hard-pressed looking for someone who does not believe the U.S. economy is headed in the wrong direction. Despite this unanimity, there is not a clear consensus to get our economy back on track.

Balanced Budget Amendment: Create an amendment that would eventually require that no entitlement spending, discretionary spending, and payment on the interest, in any given two year period (1st and 2nd session of Congress), should excide inlays during that same period.

In Manchester, NH, today, two dozen citizens and Washington and New England leaders came together today to try to find common ground on addressing the nation's $9 trillion debt and its component causes--rapidly rising health-care spending, Social Security, discretionary spending, and taxes.

Talking about the problems that most concerned them, participants said:

The Concord Coalition puts out its analysis of today's Democratic budget resolution. The good news: pay-as-you-go rules. The bad news: the handling of war costs, entitlements and spending caps.

Congress is taking up its budget resolution today, the Democrats' answer to

Tax Day is two days later than usual this year, thanks to a public holiday in the District of Columbia (and, indirectly, Abraham Lincoln).

The Los Angeles Times writes about the new budget buzzword in D.C.: "reserve funds." The Democrats say they're able to add new spending (within the pay-go rules) because they can tap these funds; the Republicans say the funds aren't actually there.