Friday, March 20, 2009

How Long Before the Purge at the CBO?

News Headlines - $1 trillion deficits seen for next 10 years : Townhall.com:
"President Barack Obama's budget would generate deficits averaging almost $1
trillion a year over the next decade, according to the latest congressional
estimates, significantly worse than predicted by the White House just last
month.
The Congressional Budget Office figures, obtained by The Associated
Press Friday, predict Obama's budget will produce $9.3 trillion worth of red ink
over 2010-2019. That's $2.3 trillion worse than the White House predicted in its
budget.
Worst of all, CBO says the deficit under Obama's policies would
never go below 4 percent of the size of the economy, figures that economists
agree are unsustainable. By the end of the decade, the deficit would exceed 5
percent of gross domestic product, a dangerously high level."


The only surprise here is that the CBO is still free to make and publicly release honest analysis of government economic policy.

No comments:

Post a Comment