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Budget Blues

I have written at length over the years about how government does not distinguish between expense and asset i.e., whether money spent is for today or for tomorrow. It is pleasing to see the House actually vote in favor of a budget — any budget. Unfortunately, this one seems to continue to slash the investment side while leaving the expense side intact. The opposition to the bill would be more credible if it were not in favor of simply slashing both investment and expense.

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