NCUA has no idea what zero based budget means. Their idea of that is to take a big bunch of zeroes, place a number in front of them and call it their budget.
McWatters wants to spend more money to save money? What economic theory is that? Mestsger says FDIC increased their budget 10 years ago and that is why it is less now. Is that some kind of fuzzy math?
Watching the hearing via video, NCUA staff was too defensive and Metsger went along with it at their nonsense at the end. Fuzzy math.
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