Monday, February 14, 2005

Speaking of fuzzy math

Read Jesse's takedown of another guy who can't seem to understand simple enough math. It's really not all that hard, and this guy is living proof that people cannot be allowed to make their own investment choices. They don't know what they are talking about and that is not good. In a very similar way, Al Hubbard was at the Cato Institute last Tuesday telling people he didn't know where people were getting the $4.5 trillion in new borrowing number. He said it was only $700 billion, conveniently forgetting that the first two years that budget cover don't have any spending on the proposed reforms. The multi-trillion number begins in 2009, when the program goes into effect, through the first 20 years. If the director of the Council of Economic Advisors can't do the math, what hope does Bush have?

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