Two hundred twenty-five billion dollars less. That is the difference between CBO and OMB. CBO says it will be $225 billion higher than OMB estimates. OMB is estimating a very low percentage rate of growth, 4.5 percent in the next couple of years, which is a dramatic departure with the last several years. Let us hope it happens, but I doubt that it will.
Discussing discrepancies between CBO and OMB budget estimates.
Share
More from John Spratt
I want to thank Congresswoman Gwen Moore for suggesting this hearing and for her role in bringing it about and putting it together.
I want to welcome everyone to our hearing this morning on The Social Safety Net: Impact of the Recession and of the Recovery Act.
I was a member of Congress and served on the House Armed Services Committee, when the ``Don't Ask, Don't Tell'' policy was adopted. It was a clever solution, but the policy and its consequences deserve an updated review. The Secretary of…
Other voices in this conversation
