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Economic News, Data and Analysis

Budget Magic

Meant to post this a while ago…
Budget Magic – Center for American Progress
Budget Magic
Sometimes It’s What You Don’t See That Matters
by John Irons
May 18, 2005
Redirection is a favorite device for magicians. Your eye is drawn to the magician’s left hand that is waving a colorful scarf or a magic wand, while the right hand is sneaking into a hidden pocket to snatch the pigeon that will later appear as if from nowhere.
If you want to figure out what’s really going on, you need to look at the hand that is not frantically waving in the air.
The same has become true with our nation’s economic policy. While everyone is paying attention to proposals to change Social Security, other issues are either being ignored or are being hijacked by moneyed special interests. Some of the most egregious examples of bad policy choices are embodied in the recently passed 2006 federal budget.
Here’s some of what you might have missed in the budget and elsewhere:
More…

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Filed under: Economics

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