If you have been following the debate over sequestration at all, you’re likely familiar with President Obama’s extreme scare campaign, warning that homes will burn and children will starve — you know, all while the country’s wealthiest giggle over champagne and caviar.  Among these, the president has also used a report from the Office of Management and Budget — a report that warns the National Drug Intelligence Center could lose $2 million from its $20 million budget.

There’s just one problem: the NDIC doesn’t exist anymore.  As Reason’s Matt Riggs points out, this federal agency shuttered its doors last June.  

“Might there be other errors in the OMB’s report?” Riggs wonders.