Monday, August 1, 2011

Strategic analysis of the Budget Control Act

Keith Hennessey

Hennessey does a laudable job of reporting and analysis here.  I recommend it.

It appears that Hennessey has scored this as a Republican "win".  I'm doubtful of that.  Besides, the bill hardly touches entitlements and risks deep defense cuts.  I don't see that a much of a victory.

Odds are that it will pass.  The Tea Partiers may object, but their numbers are too small.


Update:

Anyone who has ever listened to the Limbaugh show will understand baseline budgeting.  That is why this bill is a bunch of nonsense.  Here is a humorous post that shows how baseline budgeting works.

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