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Publication Date: September 2007
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s):
Research Area: Banking and finance
Keywords: Economic projections; Fiscal future; Federal budget
Type: Report
Abstract:
In the escalating battle over the domestic appropriations bills for fiscal year 2008, the President and senior Administration officials have charged that congressional Democrats plan an irresponsible increase of $205 billion over the next five years in discretionary spending (i.e., spending on programs funded through the appropriations process). Yet this claim — which the President repeated in his press conference today — is false. It is based on misuse of budget numbers, including the use of a large gimmick that distorts the numbers in the President’s budget.