Our rulers have proclaimed a deal that supposedly will cut federal spending by something between $38 billion and $39 billion in the current fiscal year.
Balderdash, hogwash, humbug, and bull s _ _ t!
What they actually have done, as is shown by the Associated Press in this report and The Wall Street Journal in this one, is to prove once again that although figures don't lie, liars can figure.
The claimed cuts are pretty measly, but it turns out that lot of them aren't even real.
P.S. Furthermore, as is set forth in this more recent analysis of the deal, its impact on the deficit during the federal government's current fiscal year will be insignificant and almost imperceptible.
The claimed cuts are pretty measly, but it turns out that lot of them aren't even real.
P.S. Furthermore, as is set forth in this more recent analysis of the deal, its impact on the deficit during the federal government's current fiscal year will be insignificant and almost imperceptible.
No comments:
Post a Comment