“Yes, it is a success, if the objective was to demonstrate that people will take free money if you give it to them.”
– Joe Kristan, explaining the success of the homebuyer tax credit program, which ends today.
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California’s Budget Crisis Streak Continues
- Caleb Newquist
- July 29, 2010
“Without a budget in place that addresses our $19 billion budget deficit, every day of delay brings California closer to a fiscal meltdown,”
~ California Governor Arnold Schwarzenegger probably wouldn’t mind having the ability to go back in time and try to do something. Anything.
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Dick Durbin Isn’t Buying This Fiscal Commission Report
- Caleb Newquist
- November 11, 2010
“I told them that there are things in there that inspire me, and there are things in there that I hate like the devil hates holy water. I’m not going to vote for this thing.”
~ The Illinois Senator doesn’t like the sales pitch from Erskine Bowles and Alan Simpson.
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Does Anyone Think Chris Van Hollen Actually Knows What ‘Enron-type accounting’ Is?
- Caleb Newquist
- January 5, 2011
Anyone?
If you want to call attention to bullshit political games, we humbly suggest, “bullshit political games.” Not this:
“This is a huge loophole for Enron-type accounting … In the rule they pass tomorrow they are going to reiterate that the chair of the budget committee has the authority to come up with his own estimate of the budget impact of various pieces of legislation.”
So aggressive revenue recognition, abusing mark-to-market accounting and SPEs = marginalizing the Congressional Budget Office. Got it?
Dems Accuse GOP Of ‘Enron-Type Accounting’ And Assaults On CBO [HuffPo]