Budget FlimFlam: Spend More & Report Cuts

February 20, 2011 | By BoomerJeff Much of the media’s “information” about the federal budget is deception made possible by the arcane budgeting process in Congress. President Obama didn’t invent the process. But he’s an enthusiastic practitioner of the deception.When the President delivered his budget to Congress the media shouted “$1.1 trillion in cuts!” Did this mean the government would spend $1.1 Trillion less? Nope. As the chart at the bottom of this article shows, Obama’s own budget calls for ten years of continuous spending increases.Decoding the “information” in the media starts with understanding two key words in government budgeting:...