#  How Budgets Lie →

March 2nd, 2009 | In Worth Knowing 

Few would claim that President Obama’s recently released budget is less honest than those of his predessor. But only the ignorant would maintain it’s completely forthright. John Dickerson points out the major lies that it still tells.

“Those adjustments create much larger baseline deficit projections, making it easier to claim that the budget is an improvement over current policy,” says Susan Tanaka, a longtime budget expert working for the Peterson Foundation. As a political matter, if an administration can show that it’s making progress shrinking the deficit, it gains political capital in the fight for resources because it can claim the moral high ground for making tough decisions and being a good steward of public funds.

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