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Friday, January 26, 2007
House and Senate Budget Cmtes: The Real CBO Picture
The House and Senate Budget Committees have published succinct rejoinders to the CBO reported we blogged on here, providing warnings about the misleading, thought favorable, short-term deficit projection against the backdrop of the long term fiscal condition of the nation.
My colleague Craig commends in particular this (Page 5 of the House document (Realistic Estimate Shows Bleak Deficit Outlook), graphic depiction of the distorted long term-picture painted by the Bush Administration.
We note that the CBO is under legal constraints not to reflect that picture itself, for a variety of debatable reasons.
House: CBO Forecasts Continued Fiscal Deterioration
Senate : CBO Budget Outlook Shows Deteriorating Long-Term Picture Remains Unchanged
Posted by Dana Chasin
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