Wednesday, January 7, 2015

Robert Reich: Republican economics is “magical-mystery math”

Robert Reich: Republican economics is “magical-mystery math”

"According to reports, one of the first acts of the Republican congress will be to fire Doug Elmendorf, current director of the non-partisan Congressional Budget Office, because he won’t use “dynamic scoring” for his economic projections.

Dynamic scoring is the magical-mystery math Republicans have been pushing since they came up with supply-side “trickle-down” economics."