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 welcome everyone to our hearing this morning on The Social Safety Net: Impact of the Recession and of the Recovery Act.
I think it is a bit irresponsible to at least articulate to the American people, to the Congress, why you think we need a new policy direction.
The moral of the story is, if the leaders of both parties don't want a commission to succeed, if the leaders of both parties aren't willing to put both parts of the budget, taxes and spending, on the table, the chances that it is going to…
All of these have contracts for ultimate waste disposal with the federal government?
Other voices in this conversation
