CBO contradicts administration claims on future deficit reduction

The Congressional Budget Office has been busy lately debunking claims about the cost of Obamacare. Now the non-partisan agency has turned its sights to the president's budget and the administration claims that it will reduce the deficit by $3.2 trillion over the next 10 years. We received an email from Victoria Coley of Public Notice, a non profit organization "dedicated to providing the facts and insights on the affects public policy has on American's financial well being." Victoria writes: Today the Congressional Budget Office released its official score of President Barack Obama's fiscal year 2013 budget outline. Last month, the White House estimated the President's plan would cut the growth of federal deficits by $3.2 trillion over 10 years; the CBO found the opposite - the budget would increase the growth of deficits $3.5 trillion over the next decade. "Unfortunately, the President's budget is a continuation of the overspending policies of the last ten to 12 years," said...(Read Full Post)