Cass Ballenger: “CBO has analyzed the data, crunched the numbers, weighed the options, and come to its conclusion: The President is…”

“CBO has analyzed the data, crunched the numbers, weighed the options, and come to its conclusion: The President is wrong. Wrong by about $130 billion. That is the amount between what the President said his plan would save, and what CBO said it would cost. CBO, for those who don't know, is the Congressional Budget Office, the supposedly nonpartisan accounting office of the Congress. Since the Congress has been run by the Democrat majority for 40 years, you can bet your bottom dollar that CBO's estimates were conservative. Here is what CBO says: For the 6-year period from 1995 through 2000, the administration's estimates indicate that the proposal would reduce the deficit by about $60 billion. In contrast, CBO estimates that the deficit would increase by more than $70 billion over that period. The President is wrong about the deficit. His proposal won't achieve the savings he promised. What else is wrong in the President's proposal? The American people are anxious to find out.”