Three Representative Reactions to the CBO's Long-Term Budget Outlook

At 6 AM PDT this morning there emerged: http://cbo.gov/ftpdocs/115xx/doc11579/06-30-LTBO.pdf

Sample reactions:

Democrat:

We understand the current-law baseline--it says that PAYGO and health-care reform do what their enabling laws say that they do, and that they bend the deficit curve, and get us to near balance. They are, as CBO agrees, the largest long-run deficit-reducing policy changes in American history. We are proud of that--the task now is to make sure that the...