Lawmakers around the country are engaging in a tricky bit of economic forecasting these days, trying to figure out whether or when to tap into their states rainy day funds. The calculation involves deciding if it is better to raid the fund for fiscal emergencies now or to wait, in case the economic slowdown worsen.

Crude oil prices have increased 25R0in the last three months. According to most news sources, this is a result of surging demand from China and India, and a curtailment of oil supply from Nigeria and Iraq. Although these trends are accurate,the price of oil is being affected by more than supply and demand.

Ever since the 1960s, Washington has gulled its citizens and creditors by debasing official statistics, the vital instruments with which the vigor and muscle of the American economy are measured.