The Top 10 Financial Links Of The Day
Washington Post – Workers who have lost their jobs but are not currently looking for new ones are not counted in the Department of Labor’s much-watched unemployment rate. Economists say the longer these workers stay out of the job market, the harder it will be for them to find employment, creating a vicious cycle that can spiral for months or longer.
Hot Air – Video: Political leader who couldn’t pass a budget lectures on fiscal responsibility
Mercatus – Do We Need the 30-Year Fixed-Rate Mortgage?
A Traditional Life Lived - New Tone: Union Protesters INVADE Tennessee Senate Chambers during session
Fin Viz – Visualizing charts (much cooler than how I described it).
Weekly Standard - We have now gotten to the point — as I noted yesterday — where if national defense, interstate highways, national parks, homeland security, and all other discretionary programs somehow became absolutely free, we’d still have a budget deficit. The White House Office of Management and Budget projects that in the current fiscal year (2011), mandatory spending alone will exceed all federal receipts. So even if we didn’t spend a single cent on discretionary programs, we still wouldn’t be able to balance our budget this year — let alone pay off any of the $14 trillion in debt that we have already accumulated.