Private businesses file bankruptcy, government just steals more money
Is Congress blindfolded on the Economy? - "come with me now to the inner sanctum of government decision making and let me show you one of Uncle Sam’s dirty little secrets. Officially, it’s called “scoring” but it would be more truthful to refer to it as “fortune telling.” They do it behind closed doors on Capitol Hill and in the federal bureaucracy. ...Now, here’s the dirty little secret – the JCT insists on using the static scoring method, even though there is growing professional, corporate, academic and political support for using dynamic scoring instead. In fact, all of the federal government’s tax scoring groups, including the Congressional Budget Office and the U.S. Treasury’s Office of Tax Analysis, doggedly stick with static scoring. Why? Because static scoring is a key tool Washington politicians use to keep taxes high and government spending growing."
