tag:blogger.com,1999:blog-11034229.post4285601071249678546..comments2023-07-14T02:53:40.719-07:00Comments on retired doc's thoughts: More "Social Justice" surprises for the middle class-more taxesjames gaultehttp://www.blogger.com/profile/05537303135780186926noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-11034229.post-8444483118296326902011-01-21T18:17:18.994-08:002011-01-21T18:17:18.994-08:00--> Romer is Theoretically Correct
How The CBO...<a href="http://easyopinions.blogspot.com/2010/09/romer-is-theoretically-correct.html#fly" rel="nofollow"><b>--> Romer is Theoretically Correct</b></a><br /><br />How The CBO Scores Congressional Legislation:<br />==============<br />A fly on the wall:<br /><br /><b>CBO</b>: The MedHelp bill spends $1 trillion and increases what you must borrow, the deficit, by $270 billion.<br /><b>Politician</b>: What if I tell you that we will stop paying as much for Medicare services, saving an additional $500 billion?<br /><br /><b>CBO</b>: Can you really do that?<br /><b>Politician</b>: Just assume that I can. I'll write it into the margin.<br /><br /><b>CBO</b>: Then, the bill spends $1 trillion and <i>reduces</i> the deficit by $230 billion. It raises taxes by $730 billion, and saves $500 billion on Medicare.<br /><br /><b>Press Conference</b>: The bi-partisan, non-partisan, mathematical, unbiased, technoid, trustworthy, very smart CBO has just scored the MedHelp bill. Ladies and Gentlemen and Republicans, this bill delivers medical help to everyone, and reduces the deficit by $230 billion. How could any intelligent person be against it? <br />==============<br /><br />Definition: <a href="http://easyopinions.blogspot.com/2008/11/political-dictionary.html#nonpartisan" rel="nofollow"><b>non-partisan</b></a> adj. A person or organization wanting greater influence by claiming a higher morality. Similar to "non-lying". There are some rare cases where the term can be applied without laughing. For example, the need for at least a little reliable information has supported some non-partisan data gathering and statistical analysis. Whether or not reliable, data is little used in political decisions. <br /><br /><br /><a href="http://yidwithlid.blogspot.com/2010/03/ny-times-and-wash-post-say-cbo-numbers.html" rel="nofollow"><b>NY Times and Washington Post: CBO Numbers Stink</b></a><br />03/19/10 - The Lid by Sammy Benoit<br />==========<br />[edited] Democrats worked with the nonpartisan Congressional Budget Office for more than a year, fine-tuning the bill in the last weeks. And, they consulted repeatedly with the bipartisan staff of the Joint Committee on Taxation.<br /><br />The CBO found that cost and deficit targets would be missed. So, Democrats adjusted parts of the legislation to meet their goal.<br /><br />Here are two of their tricks.<br />() The first ten years of increased taxes are applied to only six years of costs.<br />() $500 billion of Medicare savings are counted twice.<br />==========Andrew_M_Garlandhttps://www.blogger.com/profile/02855052302054611917noreply@blogger.com