March 29, 2007
MORE ON BUDGET POLITICS, from the D.C. Examiner:
Something else Democrats should be more upfront about is the 30 â€œreserve fundsâ€ in the draft 2008 budget. A reserve fund is a sort of legislative hidden-ball trick that authorizes Congress to spend additional billions on favored programs so long as either spending elsewhere in the government is reduced or taxes are increased by an equivalent amount. For example, Section 306 of the draft 2008 budget includes a reserve fund worth an additional $15 billion in farm aid. But does anybody seriously think Congress will reduce spending somewhere else by $15 billion? Whoops, here comes another tax hike!
As weâ€™ve asked before and will no doubt ask again, why canâ€™t Washington politicians just tell us the truth?
Er, because if people knew what they were really doing, they’d be tarred and feathered? Just a guess . . . .