Then I look at what you are saying about the CBO, and the ACA and I see that the original estimate of cost was below a trillion, coming in at $780 Billion according to who else, the CBO, now that has tripled. I saw the CBO estimate the Stimilus which came in at twice what they estimated. So, I look up how they operate, and how any entity that can be wrong every time they estimate something still is looked to when the rhetoric starts flying, and I find this:
and this“Everyone should know that any number will be either too high or too low,” Donald Marron, a former CBO deputy director told The Daily Caller.
There are a number of problems associated with CBO’s estimates. Some have to do with the games Congress itself plays with numbers. In the case of highly complex programs like health care, a myriad of variables can throw estimates off. In fact, the government’s track record for estimating health-care program costs is poor.
Read more: Congressional Budget Office consistently wrong on health-care estimates | The Daily Caller
Then I have you in here telling me that you'd rather put your trust in the CBO because you say they know more than you do on the particular subject, yet I am giving you not only two people above one of which a former deputy director of the CBO, saying that they are most often wrong in their estimates for the exact reasons I gave you and you ask me if I ever considered that I may be wrong? Well, Of course I do often. Any rational person with a smidgen of intelligence has to ponder that question, but on this? Absolutely not.Economic forecasts are useful, writes Len Burman, but you have to account for the fact that they’re usually wrong:
The forecasts are usually off the mark, sometimes by quite a lot. Most recently, CBO forecast 2.3 percent average annual growth for 2008 and 2009. It turned out that the economy contracted by an average of 1 percent per year. The Blue-Chip forecasters similarly underestimated the depth of the recession, which was a factor in the underpowered economic stimulus measures enacted to try to combat the downturn. Everyone also underestimated the expansion of the economy in the 1990s.
Economic forecasts: Useful, but almost always wrong - The Washington Post
You can tout the CBO from here until the cows come home, and when it plays out we will find that the report that you push today on page one, will be adjusted in the future on page 26, and we won't hear a peep of how you were wrong now....So you'll excuse me if not only myself, but a majority of Americans are just not trusting Obama at present, or anyone associated with him.
As for Elmendorf telling it as he sees it, just remember the old computer axiom...."Junk in - Junk out!"