Morning Journal--The budget problem in one chart

Economics

   This Week’s Data

            The September ISM nonmanufacturing index came in at 54.4 versus expectations of 57.0

   Other

            The coming tax hike (short):

            http://gregmankiw.blogspot.com/2013/10/the-coming-tax-hike.html

            Confidence in the economy is cratering (short):

            http://pragcap.com/confidence-in-the-u-s-economy-is-cratering

            Inflation is not another form of default (medium):

            http://pragcap.com/inflation-is-not-necessarily-a-different-form-of-default

Politics

  Domestic

The social value of gazillionaires (medium):

http://www.aei-ideas.org/2013/10/new-economic-concept-the-social-value-of-gazillionaires/

The poor are getting richer (medium):

http://www.aei-ideas.org/2013/10/when-it-comes-to-the-affordability-of-common-household-goods-the-rich-and-the-poor-are-both-getting-richer/

More thoughts on Obamacare (medium):

http://www.nakedcapitalism.com/2013/10/obamacare-and-the-devolution-of-the-relationship-of-citizen-to-government.html

            The budget problem in one chart (short):

            http://www.zerohedge.com/news/2013-10-04/americas-budget-problem-one-chart

  International War Against Radical Islam

            More your government at work (medium):

            http://www.zerohedge.com/news/2013-10-03/training-al-qaeda-be-more-efficient-killers-now-essential-function-us-government