For my sins, I need to read the federal and state budget papers. Believe me, there is a great deal of fiction contained in the pages although it is neither well-written nor entertaining.
It has become increasingly disheartening to read budget papers as more political propaganda replaces serious economic analysis. But one of the most depressing developments in both federal and state budgets is the ‘freebie’ – handing out free stuff to voters, generally on a universal basis.
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