Congressional Budgeting Resembles A Ponzi Scheme - Forbes

Sunday, January 5, 2014
The recent budget deal crafted by Rep. Paul Ryan and Sen. Patty Murray is a display of almost all things wrong in Washington, D.C. One of the flaws that it exposes most clearly is the use of ten year budget projections to claim deficit reduction when actual deficits are increasing. Actual spending increases now are offset with hypothetical future budget savings in a never-ending cycle that is ...

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