Friday, July 17, 2009

The CBO's Greatest Hits

At his blog, the director of the Congressional Budget Office weighs in on the Obama-Pelosi-Reid Path To Economic Utopia™.

His most notable quotes include:

"the federal budget is on an unsustainable path"

"would depress economic growth in the United States"

"would cause substantial harm to the economy"

"CBO estimates that in fiscal years 2009 and 2010, the federal government will record its largest budget deficits as a share of GDP since shortly after World War II."

"This higher debt results in permanently higher spending to pay interest on that debt."

Gee, that sounds familiar.

Where do you liberals draw the line? How much federal government is enough for you? 60% of your income in taxes? 70%?

Or just North Korea-style? Their carbon footprint is very low and their health care is free!

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