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Easily the most wonky, policy oriented blog post you’ll read this week. If you want to understand the budgets proposed by Ryan and Obama, it’s important to read.

And I’m not saying that spending shouldn’t be reduced…

The Ryan Sinkhole – NYTimes.com: 

“Function 920 represents a category called ‘allowances’ that captures the budgetary effects of cross-cutting proposals or contingencies that impact multiple functions rather than one specific area of the budget. It also represents a place-holder category for any budgetary impacts that the Congressional Budget Office has yet to assign to a specific budget function. C.B.O. typically reassigns the budgetary effects of any legislation enacted within Function 920 once a new baseline update is released.”