Wow. Nothing gets by the finely honed intellects over there at the CBO.
Regarding the CBO, to quote a line from a current movie: They aren’t “the sharpest knife in, ah, the place, ah, where, ah you put the knives.”
I have not taken the CBO seriously for quite a while.
“He warned that making budget cuts too deep, too fast could be “disruptive” to the economic recovery at a fragile time.”
So let me get this straight, if I am constantly running up more debt and borrowing money. Then all of a sudden I stop doing that, start paying it down, and make budget cuts. It will be disruptive?
How is this disruptive!?!?