View Poll Results: is cbo reliable

Voters
19. You may not vote on this poll
  • im right wing and cbo is accurate

    1 5.26%
  • im left wing and cbo is accurate

    5 26.32%
  • im independant or no opinion and its accurate

    2 10.53%
  • im right wing and i think its inaccurate

    0 0%
  • im liberal and i think its inaccurate

    0 0%
  • im independant and i think its inaccurate

    2 10.53%
  • why should i care

    1 5.26%
  • other

    9 47.37%
Multiple Choice Poll.
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Thread: is cbo a reliable source.

  1. #41
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    Re: is cbo a reliable source.

    Quote Originally Posted by beerftw View Post
    no i can name one die hard leftwing and one diehard rightwinger who both believe them fact,and others who blindly follow it.

    im gonna continuethis in the mornin,imtoo drunk to pay attention and kinda gluedtomy tv.


    Get outta here braskee


  2. #42
    Liberal Fascist For Life!


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    Re: is cbo a reliable source.

    Quote Originally Posted by beerftw View Post
    my point is a system that estimates cant be used as fact,though alot do.
    CBO does not claim projections to be facts. It is certainly not their fault if others claim that. It would be an easy argument to debunk.

    also to note 4mil jobs lost estimate was off,cbo actually said 800k jobs lost,my drunkenness confused it with another cbo number,my bad bros,other points still stand.
    That explains it!
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

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  3. #43
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    Re: is cbo a reliable source.

    Quote Originally Posted by beerftw View Post
    i do,i used the treasury dept in another thread and an unnamed liberal argued it was inaccurate and his cbo estimates were more accurate(treasury dept defied his argument).

    but please cite [SIZE=]A SINGLE EXAMPLE CBO WAS CORRECT OR EVEN CLOSE[/SIZE]
    Well that's interesting because the Treasury Department does the forecast and estimating for the Administration aka Obama. So were you with the administration before you were against it? lol


    The Treasury Department estimates budget and revenues for the Executive branch aka the Adminstration, but it doesn't adjust for inflation. The CBO provides estimates for congress and does adjust for inflation. An independent study has shown that the CBO tends to be more accurate than the Treasury and the Federal Reserve's projections.....


    "... the CBO routinely succeeds in frustrating Republicans and Democrats alike. The agency also has a strong track record. A study in the journal Polity examined the accuracy of economic forecasts made by the White House, the Federal Reserve, and the CBO between 1979 and 1997. During that time, the administration's forecasts were the least accurate and the CBO's were the most accurate. (The Fed forecasted inflation as accurately as the CBO but wasn't as good on gross-national-product growth and unemployment.) The study also found partisan bias in the White House forecasts: Republican administrations tend to exaggerate inflation while Democratic ones exaggerate unemployment. Neither of these tendencies shows up in the CBO's projections."

    How nonpartisan is the Congressional Budget Office? - Slate Magazine

  4. #44
    Sometimes wrong

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    Re: is cbo a reliable source.

    The CBO is a typical GIGO (Garbage In Garbage Out) calculator. Based on the ASSUMPTIONS that they are given they issue a SWAG (Scientific Wild Assed Guess), e.g. when asked what a 100% tax rate on something would generate they whip out the last years stats on that tax revenue source and then add some extra for "projected growth", instead of simply laughing and saying ZERO since only a moron would continue to work/invest in that area to get a guaranteed, after tax, return of ZERO.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  5. #45
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    Re: is cbo a reliable source.

    Quote Originally Posted by ttwtt78640 View Post
    The CBO is a typical GIGO (Garbage In Garbage Out) calculator. Based on the ASSUMPTIONS that they are given they issue a SWAG (Scientific Wild Assed Guess), e.g. when asked what a 100% tax rate on something would generate they whip out the last years stats on that tax revenue source and then add some extra for "projected growth", instead of simply laughing and saying ZERO since only a moron would continue to work/invest in that area to get a guaranteed, after tax, return of ZERO.
    Like government policy makers, businesses also rely on budget and financial projections. To get a bank loan it is a pre-requisitite....

    A Successful Business Financial Projection

    A business without a budget projection is a business that is more likely to fail.

  6. #46
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    Re: is cbo a reliable source.

    I vote other, because this is the first time I've ever heard of it.
    I love the NSA. It's like having a secret fan-base you will never see, but they're there, watching everything you write and it makes me feel all warm and fuzzy inside knowing that I may be some person's only form of unconstitutional entertainment one night.

  7. #47
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    Re: is cbo a reliable source.

    Quote Originally Posted by beerftw View Post
    i am asking opinions,but how can an organization that debunks itself be accurate???
    We only have your opinion that is so. From what you have stated previously, it is your interpretations of CBO studies that are in error.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  8. #48
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    Re: is cbo a reliable source.

    GOP hypocrisy on the CBO:



    "Remember when the GOP thought the Congressional Budget Office was independent and non-partisan, and their word was sacrosanct? The Dem Senate communications center does, and sends out this list.

    Grassley: CBO is Independent, Makes Decisions “Based Upon Facts.” In an appearance on Fox News Channel’s “Your World with Neil Cavuto,” Senator Chuck Grassley said, “Elmendorf is responsible to the Congress. He should do nothing that compromises his responsibility to the Congress.....I said to him, you know, you're an independent person, you're supposed to be independent. How long it takes you to do your job is no concern of mine. The only concern I have is that you're intellectually honest and you make decisions based upon the facts and not because of Republican or Democrat pressure. And I think he's done that.” [“Your World with Neil Cavuto,” FOX News, 7/22/09]

    Sessions Used CBO to Defend His Opposition to the Stimulus, Described CBO as “Nonpartisan Witnesses.” In an interview on Fox News Channel’s “Your World with Neil Cavuto,” Senator Sessions said, “Well, I think we need to be cautious. I don't say it won't work. I think at the hearing today, CBO basically said - ” Mr. Cavuto interrupted to clarify and said, “We should say CBO is the Congressional Budget Office.” Senator Sessions continued and said, “- Congressional Budget Office. They're nonpartisan witnesses. They testified -- notice the inflection -- it might make a positive difference. Another witness said their projections don't include a stimulus because it's not now law but that any kind of big expenditure should help some in the short run. That we don't doubt.” [“Your World with Neil Cavuto,” FOX News, 1/8/09]

    Cornyn: “God Bless Dr. Elmendorf For His Integrity And Commitment To Tell The Truth.” “I believe the professionals at the Congressional Budget Office are doing a very difficult but unpopular work. They are speaking the truth to power here in Washington and making the folks who would pass these enormous unfunded bills that impose this huge debt on generations hereafter somewhat unhappy. But I think they are doing an important service by telling us the facts. Last week I commended the Director of the CBO, Dr. Doug Elmendorf, for saying that CBO will ‘never adjust our views to make people happy.’ God bless Dr. Elmendorf for his integrity and commitment to telling the truth. We need to learn how to deal with the truth, not try to remake it or cover it up.” [Congressional Record, 6/22/09]

    McConnell Described CBO as “Independent,” Praised Their Assessments. In press releases of his floor statements, Senator McConnell praised CBO’s assessments of health care and repeatedly described them as “independent.” On July 21, McConnell said, “Despite repeated assurances from the administration to the contrary, the independent Congressional Budget Office says that just one section of one of the Democrat proposals we’ve seen would force 10 million people off their current health plans.” On July 22, McConnell said, “According to the independent Congressional Budget Office, the Democrat proposals would very likely increase overall health care spending, not reduce it. There goes that argument.” [Press Releases, Office of Senator McConnell, 7/21/09; 7/22/09]

    McConnell Used CBO to Further His Health Care Claims. In an interview on Fox News Channel’s “Your World with Neil Cavuto,” Senator McConnell discussed Medicare and said, “The director of CBO, as you just indicated, has underscored what they are doing. And it's astonishing.” [“Your World with Neil Cavuto,” FOX News, 9/24/09]

    McConnell Used CBO to Justify Humana’s Right to Mislead to Seniors. Senator McConnell took to the floor and the airwaves to defend insurance industry giant Humana’s First Amendment right to mislead America’s seniors. “McConnell, who has opposed health care proposals by President Barack Obama and congressional Democrats, was back on the Senate floor Wednesday. He pointed out that an analysis by the nonpartisan Congressional Budget Office showed Humana's concerns were justified.” [Courier-Journal (Louisville, KY), 9/27/09]

    Cornyn Called CBO “Nonpartisan,” Used Them Justify His Opposition to Obama’s Budget. In a statement, Senator Cornyn used a “report from the nonpartisan Congressional Budget Office” as “further evidence that this Administration needs to get its priorities straight.” [Press Release, Office of Senator Cornyn, 3/20/09]

    Alexander Previously Embraced the CBO’s Scoring on Health Legislation. Senator Alexander justified his support of a health care proposal by highlighting the CBO’s scoring. “I endorse the plan because the nonpartisan Congressional Budget Office has said it wouldn't add a penny to the deficit, and because it wouldn't create a government-run plan to compete with private insurance plans.” [Senator Alexander column via States News Service, 8/1/09]

    But the best part?

    Cantor Called CBO Score a “Turning Point.” In a press conference, House Minority Whip Eric Cantor said, “In following up on the Leader's statements about Republican efforts to try and make sure we accomplish health care reform, I think the news yesterday from the CBO is the turning point in the heath care debate so that we will be able to put some reason back into the discussion here and be able to produce for the middle class families in this country.” [Press Conference, 6/16/09]

    Cantor Used CBO as a Validator. In an appearance on Bloomberg television, House Minority Whip Eric Cantor said, “So the trade off is, do you want to go and take some steps that make sense, incrementally, towards the solution of trying to get more people having access? You do that by instilling competition, which will reduce prices. CBO validates that our bill does that.” [“Political Capital with Al Hunt,” Bloomberg, 11/6/09]"

    The GOP & the CBO: A Tale of Hypocrisy
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  9. #49
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    Re: is cbo a reliable source.

    The CBO is bound by the assumed scenarios presented in legislation.
    It's not that they're wrong, it's that the bull**** written in legislation is skewed to make things look rosy, for those who pass the bills.
    Last edited by Harry Guerrilla; 07-28-12 at 07:55 AM.
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  10. #50
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    Re: is cbo a reliable source.

    Quote Originally Posted by TheDemSocialist View Post
    Yes the CBO is a reliable source.
    they're actually pretty open about the limitations on their estimates, being that they are based on the full implementation of the legislation, and that rarely happens.
    Last edited by Dr. Chuckles; 07-28-12 at 08:04 AM.

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