He will also budget $273 billion in that [10-year] period for natural disasters. Every year the government pays billions for disaster relief, but presidents and lawmakers have long ignored budget reformers’ calls for a contingency account to reflect that certainty.I wonder whether they'll split it between FEMA and USDA? We'll see, but it's a good first step. We should also budget for California to split off and fall into the Pacific, but this is progress.
Friday, February 20, 2009
Score One for Obama
One of the worst features of the Bush administration was its dishonesty in accounting--using only the 5-year window, fudging on AMT, keeping the Iraq/Afghan war off budget in supplementals. Obama is, at least for now, promising to correct those errors according to this NYTimes piece. The last paragraph breaks new ground: