Jul
28

Federal Budgeting is Nutty

Federal budgeting is nutty because the federal budget assumes every item in the budget automatically rises annually regardless of economic conditions by somewhere between 3% and 10%. Based on this insanity if we simply freeze spending at the current level and do it for a decade, the Congressional Budget Office would consider that a $9.5 trillion CUT! At 2% growth the CBO would score a $4 trillion cut.

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Comments

  1. Higher math, nobody could explain it. Just like the confusion between tax rates and tax revenue.

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