Not disagreeing with you. Why have a CBO at all?
Why have a CBO at all?
Sowell’s general problem is this...
He supports a balanced budget amendment.
To produce a balanced budget, there has to be accountants, actuaries and auditors in place to evaluate the profits and costs to the government on each line item of each proposed piece of legislation and executive and judicial branch’s adjustment to law.
Something would have to replace the CBO for this to happen, and the big 4 accounting firms have proven themselves completely corrupted over the last decade.
There is no institution in the world that has the institutional depth and integrity needed to audit the budget of the US Federal Government.
Even a return to a gold standard would not fix this if it didn’t also expressly forbid fractional banking of the real value of the gold reserves. but the modern economy would cease to function if that were made in to law.
Anything else I write would be all doom and gloom but you read that enough on FR. The thing about going bankrupt... Ernest Hemingway: “How did you go bankrupt?” Two ways. Gradually, then suddenly.”