Wednesday, February 09, 2005

FMNNClip: The Fudge-It Budget

Excerpt:

-----
Let's take a cold, hard sober ... well, maybe not sober, but cold and hard ... look at President Bush's budget proposal for Fiscal Year 2006.

First, some arithmetic: 2.57 is greater than 2.4, no? I'm a little fuzzy on higher math, but I think that's right. If so, then Bush's FY2006 proposal ($2.57 trillion) would appear to be larger, not smaller, than the FY2005 budget ($2.4 trillion).

Even factoring in standard economists' tricks, there's not any reasonable way to make next year's budget proposal look smaller than this year's.
-----

Read the rest at Free Market News Network

-----
Technorati tags: ,

No comments: