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.”