If She Pulls a Knife, He's Got To Kill a Wife: OJ Has Already Confessed Killing Niccole Brown To Oprah, Will Repeat Confession In Live Interview?! | Main | WSJ Source: Perry's In
June 23, 2011

CBO Director: Yeah, Obama's Budget Reduction Speech Was Meaningless To Us. Also Biden Debt Reduction Talks Falling Apart?

CBO Director Doug Elmendorf is testifying at the House Budget Committee today and is pretty much ripping up the administration's approach to the budget and economic policy.

You may remember that the Senate voted 97-0 to not take up the budget Obama submitted. The excuse Democrats gave for not supporting their President's budget was that it was superseded by Obama's deficit reduction speech.

Well, today Elmendorf said, "just words".

Ouch.

Jim Petholoukis is live tweeting the hearing
. A couple of more nuggets from Elmendorf:

Boom Boom Pow! CBO's Elmendorf: "Higher marginal tax rates do reduce economic activity ."

Ka-Blam! CBO Elmendorf: Raising tax rates on rich hurts more than raising tax on everyone else. (Dem wasn't expecting that answer)

I'm going to guess the liberal won't be so quick to call the CBO the "Gold Standard" of budget analysis anymore.

Related: Looks like the GOP is pulling out of the Sheriff Joe led debt reduction talks. It's almost as if this was simply a stalling tactic by the administration or something.


digg this
posted by DrewM. at 12:56 PM

| Access Comments




Recent Comments
Roy: "Because, if you're not joining them, that proves y ..."

Mike Hammer, etc., etc.: "Thought Crime: St. Louis Cop Under Investigation f ..."

mnw: "I was surprised that CBS national radio news (driv ..."

Zod: "The NFL players kneel. Zod approves. ..."

vivi: "177 - pics/video or it didn't happen. Post 'em on ..."

Anna Puma (HQCaR): "The new [i]Death Wish[/i] movie starring Bruce Wil ..."

steevy: "Oh and like clock work,protests are patriotic agai ..."

Jane D'oh: "DOCTOR Marc LaMont Hill sez he doesn't stand for t ..."

TheQuietMan: "A lot of shooting going on in Chicago this weekend ..."

steevy: "356 The NBA put an end to old "Muhammed Abdul-Rauf ..."

Slippery Slope Salesman [/i]: " Lost all respect for Terry Bradshaw yesterday on ..."

Zod: ">>352 Since the player's egos and racial identity ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64