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Monday, March 02, 2009

Appleton Guy On The Corner!

Reading through The Corner I note the following:

A Closer Look at Obama's Budget [Brian Riedl]

As we dig into the President's budget, more emerges:

1) Remember the President stating his budget "identified $2 trillion in savings over the next decade?" It actually increases spending by $1 trillion. But he classifies as "savings" $1.4 trillion in tax increases (apparently savings for the government, not for you) and $1.5 trillion "saved" in Iraq relative to a fantasy baseline that otherwise assumes current spending levels forever. The Iraq gimmick is the equivalent of a family deciding to "save" $10,000 by first assuming an expensive vacation and then not taking it.


— Brian Riedl is Grover M. Hermann Fellow in Federal Budgetary Affairs in the Thomas A. Roe Institute for Economic Policy Studies at the Heritage Foundation.
A Close Look at Obama's Budget

Wow! I have personally met Brian and exchange e-mail with him as well. Very smart man and a real class one too. Brian is a native of the area and is doing great work at the Heritage Foundation.