B.A. Spending Daily
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Here’s a roundup of this morning’s must-read budget and economic stories:
USA Today reports that in 2010 Americans were more dependent on government benefits than at any other time in history.
According to Politico, House Speaker John Boehner (R-OH) says he may not hold a vote on increasing the nation’s statutory debt limit unless Democrats agree to spending cuts alongside the increase. USA Today looks at which senators plan to vote to increase the debt ceiling.
Politico profiles Senate Budget Committee Chairman Ken Conrad (D-ND) and his efforts to cut the budget deficit.
Politico also says House Speaker John Boehner (R-OH) is open to cutting tax subsidies for oil and gas companies.
On the opinion pages: Gerald Seib looks at the political wrangling over the debt ceiling vote; Michael Kinsley looks at the connection between the national debt and inflation; and Jeffrey Miron says federal spending cuts would be good for the economy.