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Gov. Chris Christie of New Jersey initially blamed federal grant evaluators for the fact that his state lost out after filing the wrong budget information with its application.
Re "Fighting the Wrong Budget War" (editorial, Aug. 18): How were President Bush's projections of budget surpluses "even if the economy softens," made in 2001 to justify tax cuts, different from aggressive accounting that made foundering companies look good?
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A lot of things can go wrong, budgets are busted, decisions and designs not made properly.
If that assumption proves wrong, the budget surpluses will shrink drastically, even if the economy keeps growing.
Regular readers know that I and other economists argued from the beginning that these dire warnings of fiscal catastrophe were all wrong, that budget deficits won't cause soaring interest rates as long as the economy is depressed — and that the biggest risk to the economy is that we might try to slash the deficit too soon.
No doubt Democrats would like to be able to raise taxes on a majority vote as well, and, in fact, the same principles that make two-thirds wrong for budgeting make it wrong for taxes.
Republicans with higher levels of political knowledge were wrong about the budget deficit more often.
It is, he reckons, "just the wrong way to budget".Mr Obama and the Republicans agree; they never intended the sequester to occur.
"They say 'if we were independent then we would be solvent', but they are wrong," says the budget minister, Cristóbal Montoro, of the conservative People's party.
As many warned at the time, Greenspan was also completely wrong about the budget prospect -- projections of huge surpluses quickly gave way to projections of huge deficits.
Mr. Vallone, the City Council speaker, dismissed Mr. Hevesi's concerns and said he resented "the continuing implication that there is something wrong with our budget process".
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CEO of Professional Science Editing for Scientists @ prosciediting.com