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Saturday, April 25, 2009

Obama Administration uses Fuzzy Math to layout Deficit Reductions

Critics say the president's claim to have found "two trillion dollars in deficit reductions" is a bit misleading.

Despite the president's proclamation that his budget avoids the gimmickry his predecessor embraced by, say, not fully budgeting the wars in Afghanistan and Iraq within his budget proposals, some say the president is embracing some gimmickry of his own.

The way President Obama's numbers-crunchers find 3/4ths of this $2 trillion savings is by creating a "baseline" wherein the wars in Afghanistan and Iraq are fully budgeted for 10 years. They then claim that since they're not going to spend that much over the next ten years, they're saving $1.5 trillion. - ABC News Story

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