Gingrich Calls the CBO a "Reactionary Socialist Institution"

Worth Clicking: Blasts from the past wound Romney

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November 21, 2011

Gingrich Calls the CBO a "Reactionary Socialist Institution"

Newt Gingrich had some tough words for the Congressional Budget Office, CNN reports.

Said Gingrich: "The CBO 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."

Former CBO director Douglas Holtz-Eakin, a Republican, called the allegation "ludicrous."

Said Holtz-Eakin: "I think if you parse that phrase carefully, he got one out of three right. I do agree it is an institution. If you're playing baseball, that's a decent batting average."

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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November 21, 2011