Wednesday, June 30, 2010

Sounds familiar

From a CNN Money article ("CBO chief: Budget outlook 'daunting'"):
The gist of his testimony went something like this: The outlook is bad under current law and daunting if many current policies are extended as expected. And even that may understate the fiscal problem the country faces, because it doesn't factor in potential effects of debt on economic growth.
Where have we heard this before? From a variety of places such as those 'angry radicals' in the Tea Party movement, the 'unpatriotic' Libertarians and the 'racist' conservatives. My only question is: why would the administration suddenly be so transparent with their assessment? Oh, that's right, because they only have so much control over the CBO. Well, that too will change...

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