Home > posts > CBO On Obama Budget: “We Don’t Estimate Speeches”
June 28th, 2011 10:24 am
CBO On Obama Budget: “We Don’t Estimate Speeches”
Posted by Print

In February, President Obama unveiled his irresponsible deficit-inflating 2012 proposed budget.  By April, Obama hastily said “never mind,” scrapped that proposal and offered a vague Budget 2.0 speech after Congressman Paul Ryan (R – Wisconsin) embarrassed him by unveiling his debt-cutting budget roadmap.

The problem is that the so-called leader of the Free World was too afraid to offer any specificity whatsoever, focusing on his reelection instead of the nation’s intensifying fiscal emergency.  At a House Budget Committee hearing last week, Rep. Ryan asked Congressional Budget Office (CBO) chief Douglas Elmendorf whether the CBO had yet been able to estimate Obama’s latest “budget.”  Elmendorf’s not-so-subtle reply:

We don’t estimate speeches.  We need much more specificity than was provided in that speech for us to do our analysis.”

Come to think of it, a lot of voters probably think back to the 2008 presidential campaign and say the same thing.

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