Saturday, January 08, 2011

PoliticsUSA: Congressional Budget Office: CBO only seems dishonest in its recent outrageous report based on legislated falsehoods

Heritage Foundation calls BS on frantic CBO report -- It helps to read the fine print on your lease, your pre-nup, and most importantly your CBO reports: "The Congressional Budget Office (CBO) today released a report stating that repealing the health care law would increase the deficit by $145 billion between 2012 and 2019," reads Heritage's Foundry blog. But as the Foundry points out, the CBO cannot calculate what would happen if the bill were not, say, perfectly enacted by God himself on a nation of collectivist angels. Incidentally, CBO Director Doug Elmendorf is aware of this, even if the professional left and the Democratic Party are not: "Current law now includes a number of policies that might be difficult to sustain over a long period of time. … If those provisions would have subsequently been modified or implemented incompletely, then the budgetary effects of repealing [the law] and the relevant provisions of the Reconciliation Act could be quite different—but CBO cannot forecast future changes in law or assume such changes in its estimates.” What is the CBO good for, again? 

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-- posted by EconoMix

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