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Republicans take aim at the deficit

  1. Ron Montgomery profile image62
    Ron Montgomeryposted 6 years ago
    1. Jim Hunter profile image60
      Jim Hunterposted 6 years ago in reply to this

      The Congressional Budget Office projections are less accurate than a horoscope.

      in January 2007 the CBO forecast GDP growth of 2.3, 3% in 2008, and 2.9% each year after that, until 2012. The CBO "assumed" that the housing decline would stop, that the economy would not be thrown into a recession, and that gas prices would remain low. Wrong on all counts.

      The CBO accurate?

      Not so much.

      1. Flightkeeper profile image77
        Flightkeeperposted 6 years ago in reply to this

        I agree, the CBO has to rely on figures that are provided for them and it's usually manipulated, so it's garbage in garbage out.

        1. Doug Hughes profile image60
          Doug Hughesposted 6 years ago in reply to this

          That's false. The CBO uses the actual numbers from a proposed bill, but they use their own assumptions in making a forecast, frequently making best case, worst case and most likely predictions.

          The CBO is not omnipotent. They will  never be exactly right on any major projection. (Watch when that gets quoted back at me, wingnuts will change the meaning by omitting the word 'exactly'.)

          They are impartial, giving honest estimates that always displease somebody, which gives them the MOST credibility of ANY agency doing predictions.

          1. Flightkeeper profile image77
            Flightkeeperposted 6 years ago in reply to this

            They have credibility but they still have to depend on the numbers that the party gives them which is why they kept revising the numbers.  But then again, the libtards conveniently forget that part.

      2. livelonger profile image88
        livelongerposted 6 years ago in reply to this

        That was a budgetary impact study.

        GDP growth forecasts are quite a bit more difficult.

        Keep spinning...

        "Repealing the Job-Killing Health Care Law Act" lol

        1. Doug Hughes profile image60
          Doug Hughesposted 6 years ago in reply to this

          Excuse me, but doesn't giving access to health care to 32 million Americans CREATE jobs in doctor's offices, hospitals, pharmacies, medical manufacturing, laboratories, etc....

          1. livelonger profile image88
            livelongerposted 6 years ago in reply to this

            Yes, hence the lol

            Repealing Obamacare will do some killing of another sort...

            1. Flightkeeper profile image77
              Flightkeeperposted 6 years ago in reply to this

              Yeah, government. big_smile

    2. Stump Parrish profile image59
      Stump Parrishposted 6 years ago in reply to this

      So the CBO is just another waste of taxpayer dollars.  How many millions do we spend on this government office or agency that has proven it's incapable of doing anything other than keeping someone employed?

      1. livelonger profile image88
        livelongerposted 6 years ago in reply to this

        Who would you trust to come up with budgetary impact projections of legislation? Arthur Andersen? tongue

        1. Doug Hughes profile image60
          Doug Hughesposted 6 years ago in reply to this

          Rush Limbaugh knows all.

    3. lovemychris profile image81
      lovemychrisposted 6 years ago in reply to this

      Not at all!!  smile

  2. Evan G Rogers profile image82
    Evan G Rogersposted 6 years ago

    I heard this argument, and it's pretty stupid.

    Sure, repealing health care will add to the deficit (and even that is debatable). But it will reduce spending and taxation, and it will keep some freedom alive.

    The budget might grow, but our civilization will be better off in the long run.

 
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