Bob Schaffer: “the President's budget is fraudulent. That seems to be the devastating verdict of the nonpartisan Congressional Budget…”

“the President's budget is fraudulent. That seems to be the devastating verdict of the nonpartisan Congressional Budget Office. CBO took a look at the President's budget and they were appalled at what they saw. Double counting, slick accounting, arithmetic gymnastics, things like this have not been seen since the advent of rain forest math and faddish politically correct schools. Social Security is not saved. In fact, Social Security would remain insolvent despite the figures the President's budget says looks good on paper. And spending busts the spending caps that Congress worked so hard to pass only 2 short years ago. Spending goes up, way up. And so the security of Social Security goes down, way down. One would think that the White House would avoid this kind of slick accounting. Double counting of imaginary money is guaranteed to get them in trouble with the CBO and all other budget analysts and economists. Congress is eager, though, to work with the President to stick with our historic balanced budget agreement. But the President's budget just does not pass the straight face test. Mr. Speaker, we need to go back to work.”