Archives: Federal Education Budget Project Articles and Op-Eds

Credit Reform Act: Another Budget Loophole

  • By
  • Jason Delisle,
  • New America Foundation
October 4, 2010 |

More news of a weak U.S. economy keeps rolling in. The Obama Administration and many in Congress are calling for a fresh round of stimulus spending. But Washington’s $1.3 trillion annual deficit coupled with a fiscally weary electorate means the stimulus advocates may finally be out of room to spend. Unless, of course, they take advantage of a major accounting loophole that can make the costs of federal programs virtually disappear.

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