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Tuesday, July 26, 2011

Mirage Budget “Cuts” Found in Reid Plan

“Senate Democrats want to cut an eye-popping $1 trillion in war spending over the next 10 years…. But many Republicans aren’t likely to buy it. The argument goes like this: [Senate Minority Leader Harry] Reid’s proposed cuts for spending in Iraq and Afghanistan aren’t real because Democrats are working off an inflated number that assumes the wars will continue at full tilt for the next decade. And since the Obama administration has already started to wind down the wars, the extra money was never going to be spent, and shouldn’t count as a cut.” (CNN Money)

What other funny “cuts” are in the plan?

FEE Timely Classic
“Political Accounting” by James Bovard