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Congressional Budget Office Director Doug Elmendorf testified today before the Senate Budget Committee regarding the CBO's recent long term Budget and Economic Outlook, providing context and detail to the committeemembers.
Republicans on the committee stressed the GOP's success in producing a budget that Democrats have refused to consider, while Democrats have done little to produce real plans themselves. Sen. Wicker (R-Miss.) asked Elmendorf about President Obama's recent remarks that the federal government should undertake a "balanced approach" to deficit reduction, and what the CBO's analysis might be.
"We have not seen a specific proposal,"...
CBO Director on Obama Budget: "We Have Not Seen A Specific Proposal"