Tuesday, February 08, 2005

Selective Accounting
Just flew back from New York City (and boy, are my arms tired), so I need to have some time to catch up with all the budget news, but I noticed this gem from the American Progress Action Fund:

The budget includes over a billion dollars in revenue from drilling in the Arctic National Wildlife Refuge (ANWR), even though Congress hasn't authorized such drilling and has rejected President Bush's proposal to open ANWR to oil exploration for the last four years. Budget Director Josh Bolten defended the move, claiming, "the budget is the right place to present the entirety of the president's policies, so all of his proposals are reflected in there." Really? The Bush budget excludes all funding for operations in Iraq and Afghanistan and the administration's $2 trillion Social Security package.

Isn't this dupicitous style of accounting what got Kenny Boy Lay and the folks at Enron (and other pals, like Worldcom) in trouble?


0 Comments:

Post a Comment

<< Home