Friday, October 16, 2009

Former CBO Chief Calls Obama Administration Fiscal Policies ‘Laughable’

Subject: txt mny -
A former congressional budget chief called the Obama administration’s claims to fiscal responsibility ''hypocritical'' and ''laughable,'' noting in particular the mounting unemployment numbers (9.8 percent nationwide) despite the $787-billion stimulus plan enacted in February that he said was poorly designed... [ya think?]

''A minority (under $300 billion) of the near trillion-dollar bill cut taxes, and very little cut marginal tax rates,'' ... ''The result was no real improvement in economic incentives.''

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[I.e., they're all about safety nets {which they control} instead of job creation.]
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