With the Bush administration trying to effect a sudden shift from spendthrift to scrooge this budget season, the time is right to sort out fiscal myth from reality.
The administration has issued shrill warnings that "the Democrats' budget would lead to spending and tax increases that put economic growth and a balanced budget at risk" (per OMB, June 12). In fact, the administration has demanded an increase in FY 2008 discretionary spending of seven percent over FY 2007; by contrast, the Democrats' proposed increase is a whopping nine percent, as we noted last week.