Ten-year budget projections

posted by
April 28, 2011
EconLog
by Arnold Kling  
Posted in Commentary

"Does anyone care about the projections? Here I could argue both ways. On the one hand, the fact that politicians take the trouble to game the projections says that they care about them, at least from the standpoint of appearances. On the other hand, the phenomenon of gaming suggests that in a sense the politicians do not care, except in terms of appearances. The projections provide what Murray Edelman would call symbolic reassurance, and meanwhile the politicians do whatever they want." (04/28/11)

http://econlog.econlib.org/archives/2011/04/10-year_budget.html  

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