May 18, 2007

A LOOK AT THE LATEST BUDGET FICTION in Washington:

Under their “Pay-Go” rules, congressional Democrats promised not to raise spending unless there was specific federal revenue available to pay for it. The Reserve Fund is their way of guaranteeing a funding increase when — wink, wink — at a later date they will have found the needed revenues. Call it the “Spend Now, Maybe Pay Later” approach to federal budgeting.

Today’s congressional Democrats aren’t unique in using a sleight of hand like the Reserve Fund to mask the fact they are spending more of our hard-earned tax dollars on another of their favored special interests.

When the Republicans were in the majority, they used fictions like counting projected budget savings in future years to make this year’s budget appear to be balanced or at least getting closer to being balanced.

The problem is that like all lies, Washington’s spending fictions are meant to obscure the truth about irresponsible budgets, bureaucratic waste, fraud and rampant conflicts of interest.

Meet the new boss, yada yada.

Comments are closed.
InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.