Newtwatch: Calls Congressional Budget Office “A Reactionary Socialist Institution”
The former Speaker of the House labeled the Congressional Budget Office a “reactionary socialist institution” during a speech on Social Security reform in New Hampshire on Monday…
“The Congressional Budget Office is a reactionary socialist institution which does not believe in economic growth, does not believe in innovation and does not believe in data that it has not internally generated,” Gingrich said.
Exactly what is Gingrich labeling a “reactionary socialist institution?”
The CBO’s mission is to provide Congress with information on budgets and the impact that legislation will have on government finances.
The agency is frequently described as “nonpartisan” and “objective.” Generally respected by politicians on both sides of the aisle, the CBO acts as an official scorekeeper of sorts on budget issues.
Douglas Holtz-Eakin, a former CBO director and Republican, called the Gingrich allegation “ludicrous.”Click here for reuse options!
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