by Andrew Taylor. President Barack Obama’s budget is relying on a series of familiar accounting tricks to show $1.8 trillion in deficit reduction over a decade, an amount that would shrink by almost half if they were excluded. But so-called “pay-go” rules officially require tax cuts and new spending on the mandatory side of the ledger to be balanced by ... MOREAP: Obama Relies On Accounting Tricks To Pad Numbers
by Andrew Taylor. President Barack Obama’s budget is relying on a series of familiar accounting tricks to show $1.8 trillion in deficit reduction over a decade, an amount that would shrink by almost half if they were excluded. But so-called “pay-go” rules officially require tax cuts and new spending on the mandatory side of the ledger to be balanced by ... MORE