The "Beltway Cut"
A good article from Cato org. breaks down Bush's latest budget proposal. The short of it is that Washington still stubbornly refuses to actually reduce spending, choosing instead to rely on empty statistical manipulation. What is clear from this is that, this administration at least, is still incapable of cutting the cord with pet projects and special interest groups. Their analysis has clearly lead them to the belief that by continually increasing the cost of programs, they gain tighter control of the nation's purse strings and, thus, more influence on the levers of power. And though this equation that is almost ubiquitous amongst world leaders, it is clearly unhealthy for a nation and economy.