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Two months ago, the House adopted a budget resolution that outlines the Republican majority's ambitious plans to slow the growth of federal entitlement spending. If implemented properly, entitlement spending restraint can address the long-term fiscal imbalance in a way that promotes economic growth and freedom.
The bedrock issue in the debt limit struggle is whether we should have a larger and more expensive federal government.
Debt of non-budget government agencies is not counted officially as "government debt," which is harmful to American Taxpayers.
When the G8 major economies convened at Camp David last weekend, the continuing crisis of the euro, common currency of 17 European Union (EU) members, dominated the economic discussions. The agonies of Greece, badly divided in recent parliamentary elections, and forced to vote again on 17 June, were at the forefront.
In spite of a 1,500-page financial-regulatory bill, Congress has made no move toward fixing the government's massive blunder at the center of the housing bubble and crisis, namely Fannie Mae and Freddie Mac.
One would assume that WIC's benefits would be targeted to the most needful Americans, but various formal and informal changes have liberalized eligibility criteria.
It is likely that today's global financial market crisis will mark the end of any serious challenge by the euro to the U.S. dollar as an alternate international reserve currency.




