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November 15, 2005


Total psycho of a CBO Director to leave post

Holtz-Eakin is out

Douglas J. Holtz-Eakin, Director of the Congressional Budget Office, and former White House economist, has announced that he is leaving his position at the end of a year, one year short of his full four-year term. Holtz-Eakin has been a promiment economist for many years, holding teaching positions at Columbia, Princeton, and Syracuse Universities, and was appointed to lead the White House Council of Economic Advisors during Bush's first term. He's no chump!

But something seems to have gone dreadfully wrong with Holtz-Eakin's economic judgement in the last few years. Let's look at some of the outrageous things this guy has done as Director of the CBO:

  • Said that Bush's tax cuts and big spending plan could not lead to economic growth: "The message is that you cannot grow your way out of this," he said, referring to our explosive deficit.
  • Released a report noting that Bush's tax cuts strongly favor the very wealthy.
  • Questioned the validity of privatizing Social Security.
  • Stated that getting rid of the estate tax would reduce contributions to nonprofit organizations.
  • Determined that allowing same-sex marriage would increase federal tax revenues.

Holy Moses! This guy is a maniac! He clearly does not understand this administration's economic or political views at all. Thank God this moron is history.

But seriously, we can imagine that life must have been total hell for Holtz-Eakin these past few years. We hope he'll have a much less combative experience at the Council on Foreign Relations, where he plans to work starting next year. But we'll be left with some new robot CBO Director who won't cause so much trouble for the administration.

categories: Economics, Politics
posted by amy at 12:48 PM | #

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