Wednesday, August 4, 2010

Democrats Bite Democrats: Part II

By Thomas Sowell

Rumors of Congressional Democrats privately expressing disapproval of the Obama administration's actions and policies have been given more credence by such things as House Speaker Nancy Pelosi's public criticism of White House spokesman Robert Gibbs. But when two long-time Democratic pollsters, Patrick Caddell and Douglas Schoen, called President Obama "cynical" and "racially divisive," that was a dramatic statement. It was like saying that the emperor has no clothes.

imageA much more rhetorically subdued but nevertheless devastating implicit criticism of current  government spending policies came from an even more unlikely source: the Congressional Budget Office, whose director is a Democrat.

Without naming names or making political charges, the Congressional Budget Office last week issued a report titled "Federal Debt and the Risk of a Fiscal Crisis." The report's dry, measured words paint a painfully bleak picture of the long-run dangers from the current runaway government deficits.

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The CBO report points out that the national debt, which was 36 percent of the Gross Domestic Product three years ago, is now projected to be 62 percent of GDP at the end of fiscal year 2010-- and rising in future years.

Read it all…

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