CBO Director On Obama Budget Framework: "We Don't Estimate Speeches"

Posted by Brian Patrick on

FYI – 


Chairman Ryan: The President gave a speech on April 13th where he outlined a new budget framework that claims $4 trillion in deficit reduction over 12 years. Have you estimated the budget impact of this framework?

CBO Director Douglas Elmendorf: No Mr. Chairman, we don’t estimate speeches. We need much more specificity then was provided in that speech for us to do our analysis.

  • Watch The Video HERE


CBO Director On Obama Budget Framework: "We Don't Estimate Speeches"
The Washington Examiner
Philip Klein
June 23, 2011

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.

The CBO had provided estimates of the actual budget Obama released in February, but Obama's April speech revised his framework without releasing a detailed proposal to back up his claims.
 





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