Posted on 01/21/2011 5:31:27 AM PST by markomalley
It's the age of civility in American politics, but there's one institution that's been civil all along: the Congressional Budget Office (sorry, but sometimes civility is boring). The nonpartisan agency, which calculates the official cost of legislation for Congress, speaks in the polite language of actuarial tables, refuses to reliably please or disappoint either party and is the closest thing American politics has to an umpire. And the Republicans are getting sick and tired of it.
(Excerpt) Read more at washingtonpost.com ...
protect the boy king at any cost
Can be fixed with a 0 in the budget, end of problem.
How’s that JournoList thingy working out for ya, Ezra?
Exactly ... garbage in, garbage out
And that is not all ....Congress can make assumptions on the value of benefits, etc. - and the CBO must use those assumptions.
This is the classic case of GIGO - Garbage In/Garbage Out.
It is a joke to call the CBO “non-partisan” - when it is completely partisan.
The problem isn’t the CBO, it that politician know how to game it.
eg. Collect taxes for 10 years and provide benefits for 6. Voila, Obamacare is a DEFICIT REDUCTION act.
Obama butt-kissing ahead.
Yes, and no.
The name escapes, but ~1990, the Texas rep with the Ph.D in
Economics asked the CBO what's the take on a tax rate of 100%.
The CBO came back with the expected net income unadjusted for the certain decrease in economic activity, shifting of jobs, etc.
The CBO came back with the expected net income unadjusted for the certain decrease in economic activity, shifting of jobs, etc.
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