The House and Senate Budget Committees have published succinct rejoinders to the CBO reported we blogged on here, providing warnings about the misleading, thought favorable, short-term deficit projection against the backdrop of the long term fiscal condition of the nation. My colleague Craig commends in particular this (Page 5 of the House document (Realistic Estimate Shows Bleak Deficit Outlook), graphic depiction of the distorted long term-picture painted by the Bush Administration. We note that the CBO is under legal constraints not to reflect that picture itself, for a variety of debatable reasons. House: CBO Forecasts Continued Fiscal Deterioration Senate : CBO Budget Outlook Shows Deteriorating Long-Term Picture Remains Unchanged