We don’t mean to always pick on these folks, but many in the media still consider them the “go-to guys” for an honest “bipartisan” assessment of how budget proposals will affect the nation’s debt crisis.
We almost fell off our collective chairs when we saw this statement by the group regarding the new Biden budget.
Brace yourself:
“The President’s budget… would represent an important first step toward long-term fiscal sustainability.”
Huh?
That’s like saying the Hindenburg was a first step toward flight safety.
Just as a quick refresher: this “step in the right direction” – spends $7.3 trillion and lets the debt rise by another $10,000,000,000,000 over the next decade and raises job-killing taxes by another $5 trillion. We’ve been analyzing presidential budget proposals for four decades. This is by far the biggest spending budget in our lifetimes and it even makes Barack Obama look like a skinflint.
CFRB also recently endorsed the disastrous Inflation Reduction Act, which added hundreds of billions more in spending.
It’s a free country and everyone is entitled to their own opinion. But for the sake of truthful advertising, this group should really call themselves the Committee of Liberals to Raise Taxes and Grow the Government. We also can’t fathom why any fiscally sensible Conservative would align with them.