Dear reader,

American politics often goes like this. A politician proposes
ambitious social policy. She's smacked immediately with a barrage of
familiar questions: How much does it cost? How are you going to pay for
that? What's the impact on the economy? Will this stop people from
working? Have you considered how this might hurt business?

Budget scorekeepers will point to statistics that claim the policy
isn't feasible, that it costs too much, that it won't generate jobs,
or that it will be bad for GDP. They claim to stand apart from partisan
politics, but their conclusions always magically end up promoting
austerity.

One of the most influential institutions of this sort is the Penn
Wharton Budget Model, affiliated with the University of Pennsylvania
Wharton School. For our April special issue, Jarod Facundo wrote about
how the Penn Wharton Budget Model is a tool financed by the
ultra-wealthy to discourage public spending
<[link removed]>.
As Facundo explains, the Penn Wharton Budget Model has mastered the
language of rulers at a quicker speed than most others, and that is why
it has been so successful.

You can read the full article here >>
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