Two think-tanks about the latest CBO report. Have they read the same thing?

The liberal Centre on Budget and Policy Priorities says "The Congressional Budget Office’s new long-term budget outlook contains few surprises. It reiterates the argument that it and others (including us) have made previously — that policymakers should get down to the business of gradual deficit reduction, but without jeopardizing the economic recovery." Read the complete press release here.

The conservative Centre on Economic Policy Research says "The new long-term budget projections from the Congressional Budget Office (CBO) show once again that the major problem facing the both the budget and the larger economy is out-of-control health care costs, not any inherent fiscal crisis. As was the case last year, the CBO baseline shows that the long-term debt to GDP ratio levels off in the baseline scenario. In the 2011 projections, the ratio of debt to GDP actually begins to decline after the early 2040s. The graph shows the sharp drop in future deficit projections following the passage of the Patient Protection and Affordable Care Act (PPACA) in March of 2010". Read the complete press release here.