A number of us believe that the Democrats have still not placed sufficient emphasis on what has to be seen as the defining action of the Bush administration thus far: that it’s taken only six months for the administration to squander the budget surpluses it took such hard work in the 1990s to achieve.
(Yes, the economic downturn has something to do with it. But economic downturns happen; it’s called the business cycle. The real culprit is flawed fiscal policy.)
In case you missed it, this is from Jean Meserve yesterday on CNN’s Inside Politics:
And now, some scoops from our sources. The Congressional Budget Office now says it will release new revenue numbers on August 28, a week later than expected. Sources tell us GOP leaders told the CBO to sit on the numbers until Republicans can return from their vacations and be on hand to diffuse the expected fallout. According to one leadership staffer, the new revenue estimates mean, quote, “we’ll just barely miss having to dip into the Social Security trust fund.”
First cooking the books. Now leaving them in the oven too long!