The Congressional Budget Office has been in the news, and blogosphere, since the announcement of ObamaCare. The CBO put out a set of numbers that didn’t flow with Obama’s, so Doug Elmendorf was summoned to the White House for a ‘meeting.’ Magically, every number since then worked out in Obama’s favor.
The CBO can only score what the Democrats give them. We all witnessed the corrupt process the Democrats used to pass this unconstitutional bill, so you can be sure the CBO received falsified numbers. Not to mention how the CBO didn’t account for the ‘Doc-fix’ that the Democrooks passed.
Now we get to laugh at the CBO for pointing out that Obama’s fiscal policy is UNSUSTAINABLE. A day late and a few trillion dollars short I would say.
The Hill reports:
Fundamental changes to the federal budget will be needed to rein in unsustainable deficits, Congress’s budget watchdog said Thursday.
“U.S. fiscal policy is unsustainable, and unsustainable to an extent that it can’t be solved through minor changes,” Congressional Budget Office (CBO) Director Douglas Elmendorf told reporters at a Christian Science Monitor breakfast.
Spending on Medicare, Medicaid and Social Security, plus defense programs and debt interest, will exceed the rest of the federal budget in 10 years if most of the 2001 and 2003 tax cuts are extended, as President Barack Obama has proposed, Elmendorf said.
“It’s a matter of arithmetic,” Elmendorf said of getting record deficits under control.
“Government would need to make changes in some set of the large programs, large parts of the tax code that we think of as the fundamental parts of the budget.”
OK. Elmendorf took a page from Obama’s playbook and tried the “Blame it on Bush” strategy. Here’s a question I would like to ask: “What about the claim that ObamaCare would cut the deficit?”
We were told that with the passing of ObamaCare, the deficit would be lowered by $138 billion in the first 10 years (the government collects 10 years of taxes for 6 years of service). Now Elmendorf is telling us this spending is unsustainable. Which is it? Whose numbers can we trust?
Also take note of how those associated with Obama are speaking about raising taxes. Keep your ears open for the whispers of the European-style VAT (Value Added Tax), which Paul Volker, a Obama adviser, has already been harping about. Lower quality health care and higher taxes are on the way folks.