Quote:
Originally posted by Captain
One of the drawbacks of having the Presidency and Congress controlled by the same party is that we no longer longer get to see duelling ridiculous budget claims on a regular basis. It used to be easy to just add them together and divide by two.
But isn't this the product of policy wonks who believe in their own snake-oil? When an economist of a given persuassion scores revenue based on policy changes, they are always convinced that their policy changes will achieve all they are intended to without any unintended consequences.
In other words, of course they are inflated, but don't they inevitably end up inflated without anyone needing to do it intentionally?
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Estimates of the deficit are inflated, not estimates of revenue.
That way, when the actual numbers are released, the White House can say: Good news! It's much better than was predicted!
This is exactly what they've been doing.
