CBS Misleads on Budget Deficit Reduction
In a story discussing President Obama’s FY2012 budget request, Rachel Jakubowitcz of CBS News mentions how that the budget proposal will reduce the deficit $1.1 trillion over ten years. Jakubowitcz also quotes Former Congressional budget analyst Stan Collender calling the deficit reduction “not an insignificant amount.” This may be true if the budget actually But, as Heritage research fellow Brian Riedl notes, much of the President’s proposed budget savings nonexistent and also will not be scorable by the Congressional Budget Office. Riedl explains,
It claims $315 billion saved from eliminating “certain tax expenditures” — but doesn’t list which