Since 1974, Capitol Hill's "baseline" has automatically increased spending every year according to Congressional Budget Office projections, which means before anyone has submitted a budget or cast a single vote. Tax and spending changes are then measured off that inflated baseline, not in absolute terms.Only the government could be based on an outright lie.
Wednesday, December 05, 2012
The Wall Street Journal reports:
Posted by Steve Bartin at 3:36 PM