Have you ever heard of the CBO? It’s the Congressional Budget office and they are a strictly nonpartisan group that conducts objective, impartial analysis of the budget. Well, not anymore Gary has officially dubbed them the Congressional Bullcrap Office. They should be providing economic information to Congress but right now it seems like they are sitting on their hands.
Congress will put a bill up and they will say we are gonna spend this much money on this bill. The CBO will take it in and they will give them a go or no-go on the bill. The world is now waiting on the CBO right now as they go through the “Build Back Better” proposal and score it. They have to approve if we have the means of supporting it. And now everyone is waiting for that decision.
The CBO has been failing the country for over an eon according to Gary. They have approved over $29 Trillion in spending since its founding. Why even have the office if we are going to allow this kind of spending ask Gary. They have not helped or aided anyone yet they are the final approval for the Presidents plan. Economists everywhere are worried about this massive spending but the con-artist on both sides of the government are acting as if there will be no ramifications to this amount of drastic increase in our deficit.
Investor’s Edge with Gary Kaultbaum can be heard on weekdays on MoneyTalk 1010. Gary Kaltbaum is a registered investment advisor with more than 30 years of experience in the markets. He is the owner and President of Kaltbaum Capital Management, a financial investment advisory firm headquartered in Orlando, Florida. He is a Fox News Channel Business Contributor regularly appearing on Fox News Channel and the Fox Business Network. In addition, Gary is the author of the book “The Investors Edge” and the host of a nationally syndicated radio show with the same title, “Investors Edge,” broadcast on numerous stations across the U.S. The show is also available on-demand and airs live 6-7 pm EST Monday-Friday. You can hear past shows online at garykaltbaum.com.
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