Friday, June 12, 2009

New Government Accounting Gimmicks

Club For Growth reports:
The soon-to-be-delivered estimate on Democratic healthcare reform proposals is expected to be so expensive that lawmakers are talking about changing the chamber’s normal accounting procedures.

Some Democrats are arguing behind the scenes that they should not use the non-partisan Congressional Budget Office’s (CBO) cost estimate, as is custom. Instead, they would use cost estimates from the White House Office of Management and Budget (OMB).

This unusual option could give Democratic leaders hundreds of billions of additional dollars to work with as they draft their plans. But Republicans would call it an accounting gimmick and a huge spending loophole.
The lies that have to be told to pass socialized medicine.