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Daily Archive for December 24th, 2010

From Steve Malanga: Some budget trickery betrays pledges made by lawmakers to taxpayers. One common example is “sweeps,” when a state shifts money from accounts dedicated to specific purposes, like highway maintenance, into general accounts where the money can be spent on anything. One honey pot is the tax revenue designated by federal law for […]

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Sadly, for three years running, not much needs to change. Not much has changed in the intervening time. I suppose I could say something about QE2 and fears of deflation as commodity prices soar. I might say what we learned about the original TARP, which was as much of a bailout of European banks as […]

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