Morrissey points out that the report lays bare the fundamental incompetence and/or dishonesty earlier this year of Peter Orszag, President Obama’s Director of the Office of Management and Budget:

…. Democrats wanted analysis that allowed them to ignore the problems in Social Security, and Orszag was happy to supply them. Douglas Elmendorf has had to right the ship at CBO while Orszag continues to blow his predictions at OMB, most notably in overall deficit projections, which Orszag had to admit were off by more than 40% and $2.2 trillion over the next ten years.

Of course, they were helped along by a complacent media unwilling to do math, and a host of apologists for the Left.

…. The situation at Social Security is much worse than this administration and Democrats in Congress want to admit. They want to continue busting the deficit and creating new entitlements while the existing ones careen towards collapse.

The situation may be much worse than even the CBO portrays.

See charts and report >>>

Cross-posted at NewsBusters.org.