Monday, August 17, 2009

Congress and Administration Numbers and Your Future "Investment” Costs

A suggestion whenever you get an estimate of how much it will cost to have a new government-sponsored program. Double the cost for the first three years and triple it for the first five years.

Note: This applies only when the number is reputable, such as that given by the Congressional Budget Office or CBO. If estimates come from the imagination of a government official staff, you know they are pure fantasy.

And forget the use of the term “investment” when politicians are spending your money for pure, useless political giveaways.

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