Like a lot of people, I've been paying less attention this year to the federal budget debates. With a divided government and a presidential election looming, the balance is tilted even more than usual toward budgeting-as-mere-political-posture. Why bother?
"In these tough times, Americans are tightening their belts—and their
government needs to do the same." This bipartisan applause line is pithy, full of populist empathy and easy to
understand. It's also exactly wrong.
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