Federal budgeting is never simple, and a fashionable way to simplify the story of the nation’s finances is to cast finance ministers as household belt-tighteners or corporate balance sheet wranglers. The pace of the economic recovery, guided by the government’s new guardrails, will also dictate the rhythm of stimulus funding and the toll it takes on the federal balance sheet. The Obamacare implementation reportedly means that employees of a Sesame Street theme park - including presumably whoever plays Big Bird there - will lose their healthcare coverage and will be shifted to healthcare exchanges.
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