Walter E Williams, or the “People’s Economist,” gives a breakdown on how the government almost always underplays the costs of new programs:
http://www.swifteconomics.com/wp-admin/theme-editor.php?file=/themes/Vestique/category.php&theme=Vestique&dir=theme
It is truly amazing to me how so few people go back and compare what the government says something will cost and what it will be used for vs how much it actually costs and what it is actually used for. The differences would be comical if they weren’t so sad.
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Great post. I enjoyed listening to Williams. That part about the SS card not being used for identification. He definitely makes some hugely valid and, good grief, common sense points on how the government always lies about the figures.