like Claude Allen, con the president pulls is price-tag swapping

[dajoki]

Slate
http://www.slate.com/id/2138116/?nav=fo

Claude Allen's Mentor
Shoplifting and Bushonomics.
By Jacob Weisberg


Last week, Slate broke the news that Claude Allen, until recently the White House chief domestic-policy adviser, was arrested for theft in suburban Maryland. The president has expressed his shock and disappointment. How could one of his top appointees, a devout Christian who passed a series of FBI background checks, have been a common thief? But the more we hear about what Allen is accused of, the less it sounds like kleptomania and the more it sounds like an application of Bush economic policy.

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Just as a point of comparison, consider Bush's Social Security proposal, which died on the vine in Congress last year. Bush wanted to create a system of private retirement accounts for future retirees. To create these accounts would have required him to divert $1 trillion or so from the Social Security Trust Fund, which pays for benefits for current and future retirees. Since Bush did not propose to reduce benefits, how was he going to make up the difference? By sauntering to the customer service desk and asking for his money back. In this case, the receipt was a bogus projection that the retirement funds invested in the stock market would grow so quickly that everyone would come out ahead. The main difference between Allen's alleged scam and Bush's attempted one is scale. The goods Bush tried to slip under his coat at the Social Security Administration were worth around 200 million times as much as the ones Allen is said to have lifted at Target and Hecht's.

Allen's appliance-rustling days are surely over, but his former colleagues in the West Wing are still running all their favorite cons. At the moment, they're trying to slip more tax cuts out the door without stopping at the cash register. Their trick is to claim that with the manager's special, tax cuts are on sale—for nothing. "You cut taxes and the tax revenues increase," Bush said last month, in a typical statement on the subject. In other words, tax cuts will mean more money for the Treasury, not less.

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Another con the president pulls not at Wal-Mart but at the Office of Management and Budget is price-tag swapping. In this scam, the presidential perp picks out a high-priced item like a package of lamb chops or the Iraq war. When the security camera is pointed elsewhere, he peels off the $200 billion price tag and attaches a lower one. Should a subordinate threaten to squeal to security, the ringleader deals with the problem Tony Soprano-style. For instance, when the government's chief Medicare actuary came up with a too-high price tag of $551 billion for Bush's Medicare prescription drug bill, members of the president's gang paid a visit and made him an offer he couldn't refuse: Keep quiet and keep your job. The official price tag was dropped to $400 billion—even though subsequent estimates have ranged as high as $700 billion.