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The Congressional Budget Office has been embarrassed repeatedly by making projections based on the assumption that tax revenues and tax rates move in the same direction.

Thomas Sowell

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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Taxes
Rates
Based
Revenue
Office
Embarrassed
Move
Budget
Projections
Moving
Budgets
Revenues
Making
Assumption
Congressional
Direction
Repeatedly
Rate
Projection

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Some of the biggest cases of mistaken identity are among intellectuals who have trouble remembering that they are not God.
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Someone once said that the most important knowledge is knowledge of our own ignorance. Our schools are depriving millions of students of that kind of knowledge by promoting self-esteem and encouraging them to have opinions on things of which they are grossly ignorant, if not misinformed.
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