Saturday, June 25, 2011

Douglas Elmendorf (CBO Director) - "We Don't Estimate Speeches"

An apparently unintentional, yet upon reflection, extremely cutting quip at Obama and the Democrats who have still not put forth a budget and prefer broad speeches over specific plans with details.

Video embedded below.

"This morning Congressional Budget Office Director Douglas Elmendorf testified before the House Budget Committee. He was asked about the proposals in Obama's April speech, and replied with what appears to be a degree of sarcasm:

Congressional Budget Office Director Douglas Elmendorf had some harsh words for President Obama during a hearing held by the House Budget Committee on Thursday to discuss the nation's long-term fiscal outlook.

Chairman Rep. Paul Ryan, R-Wis., asked Elmendorf whether the CBO had attempted to estimate the budgetary effects of the framework Obama outlined in April, which was based on a 12-year budget window instead of the usual 10 years.

"We don't estimate speeches," Elmendorf shot back.

So there you have it. The Democratic Party has defaulted on the most basic duty of a democratic government: it refuses to say how it intends to spend the people's money.

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