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Tuesday, January 24, 2012

WH Economic Memo proved Obama Team used budget gimmickry to Hide Real Costs

A lot of attention has been drawn to the official White memo authored by economist Larry Summers that shows the Obama administration purposely hid costs of Obama’s healthcare legislation and his overall agenda. Ryan Lizza at The New Yorker released the full document.

The Politico
The president prided himself on honesty in his first budget proposal, including the real estimated costs of spending, but Obama later shifted his stance and approved the use of budget gimmickry, according to The New Yorker.
When his aides suggested in late 2009 that he should abandon the honest approach on estimated spending on disaster aid, for example, the president signed off, The New Yorker’s Ryan Lizza reports. Obama also approved of fanciful budget numbers on his signature health care legislation.  (See full article)

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