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Friday, April 15, 2011

Budget Deal: CBO Analysis Shows Initial Spending Cuts Less Than Expected

“The findings from the budget office warned that the deal may never come close to delivering on its promises. The analysts found that $13 billion to $18?billion of the cuts involve money that existed only on paper and was unlikely to be tapped in the next decade.” (Washington Post)

Fishy budget numbers from Congress? What’s next, the sun setting in the west?

FEE Timely Classic

Political Accounting” by James Bovard