[jazusamo]

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Thomas Sowell

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[sickoflibs]

This became obvious to me last year, The CBO always bases it's calculations on incorrect and usually dishonest assumptions manufactured by those in Washington to sell something good for them. It's work is politically useful, practically useless.

It is always used to justify something with years out predictions, so politicians can cut taxes while increasing spending NOW to get re-elected while claiming it will all be pay for itself 2 to 5 congresses in the future, based on CBO estimates. Other times they overestimate tax increases revenues and always underestimate program costs.

[GOPJ]

Adding insult to injury, the CBO’s latest projections also indicate that some 3 million Americans will lose their employer-based insurance coverage. This comes despite the repeatedly assurances of the president and others that they would be able to stay on their current employer-based policies, if they wished to do so.

It'll be more than 3 million - the incentives for businesses to dump health insurance are overwhelming under ObamaCare.

The 'you can keep your health insurance' lie was based on an earlier untruth - that companies wouldn't figure out how much they 'save' by going along. Soon the only people with good health care - and insurance - will be government workers and union goons.

[Cyman]

I fell in love with the CBO when they came out with a study that showed “preventive care will contribute to the costs of healthcare not reduce them”.

[Impy]

“I think occasionally the CBO does something that’s useful,” Sowell told Newsmax.TV in an exclusive interview.

When? Nothing comes to mind.