Republicans take aim at the deficit

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   Ron Montgomeryposted 13 years ago

   Not so much

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      Jim Hunterposted 13 years agoin 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.

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         Flightkeeperposted 13 years agoin 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.

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            Doug Hughesposted 13 years agoin 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.

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               Flightkeeperposted 13 years agoin 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.

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         livelongerposted 13 years agoin 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"

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            Doug Hughesposted 13 years agoin 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....

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               livelongerposted 13 years agoin reply to this

               Yes, hence the
               
               Repealing Obamacare will do some killing of another sort...

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                  Flightkeeperposted 13 years agoin reply to this

                  Yeah, government.

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      Stump Parrishposted 13 years agoin 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?

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         livelongerposted 13 years agoin reply to this

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

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            Doug Hughesposted 13 years agoin reply to this

            Rush Limbaugh knows all.

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      lovemychrisposted 13 years agoin reply to this

      Not at all!! 

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   Evan G Rogersposted 13 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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