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is cbo a reliable source.

is cbo reliable

  • im right wing and i think its inaccurate

    Votes: 0 0.0%
  • im liberal and i think its inaccurate

    Votes: 0 0.0%
  • why should i care

    Votes: 0 0.0%

  • Total voters
    17
that proves even further their math is inaccurate,

ill gladly take them as a source for estimates,but not for a source of facts.

estimates are easily disproven,facts are not,i started this thread because someone called cbo reliable and accurate and undisputable.
The policy makers use the non-partisan CBO to make legislation, so if its good enough for them, then why isn't it good enough for you? I'd like to know what you have that is so much better?
 
The policy makers use the non-partisan CBO to make legislation, so if its good enough for them, then why isn't it good enough for you? I'd like to know what you have that is so much better?

didnt you just say im mad cuz they didnt provide answers i liked,now you say they are bipartisan,still no proof of accurasy.
 
If something has a cost of 1 dollar, and a savings of a buck and a quarter, it saves money, but costs a dollar. See the problem. A bunch of savings and revenue increasers where included in ACA to offset to total cost and make it save money(over 10 years). SO when you say they projected it saving money it was figuring both halves into the equation. When you say costing over a trillion, you are figuring just one side of the equation in.

but how can an organization make such difference,they should have been able to have a true cost from the start,not well release it as we realize true cost vs visualized cost.

that backs my point,someone can grab any of the multiple cbo estimates and say it backs their point.cbo is not accurate or fact,its simply estimates.cbo also has a bad tendancy of not including any variables and considering everything constant(see bush tax cut math)
 
they change projections as often as romney flip flops,how is that not innaccurate,
Projections are sometime innaccurate. Your focusing on one projection...

especially since until the supreme court ruling,nothing in obama care changed,yet cbo findings 180'd eachother constantly.how can results vary so much from something that hasnt changed.

Your still focusing on one thing...
Your basing your whole understanding on one fault projection?

on another note how can you call an organization that estimates a reliable source????
Becuase the projections are often accurate.
 
Projections are sometime innaccurate. Your focusing on one projection...



Your still focusing on one thing...
Your basing your whole understanding on one fault projection?


Becuase the projections are often accurate.

on obamacare one.


on stimulous spending 2.

both completly 180 off from eachother on cbo projections,read the op,not what you want to read.
 
didnt you just say im mad cuz they didnt provide answers i liked,now you say they are bipartisan,still no proof of accurasy.

So you don't have anything better or more accurate than the CBO, is that it? Thats what I thought...sour grapes.
 
but how can an organization make such difference,they should have been able to have a true cost from the start,not well release it as we realize true cost vs visualized cost.

that backs my point,someone can grab any of the multiple cbo estimates and say it backs their point.cbo is not accurate or fact,its simply estimates.cbo also has a bad tendancy of not including any variables and considering everything constant(see bush tax cut math)

CBO makes projections based on best data. What is gas going to cost next month? Who knows, but we can make an educated guess. If the cost of gas is part of a projection, the difference between actual and projected then needs to be figured in when the next projection is made. That is why I chose "other" as my poll option. No, the CBO is not 100 % accurate. However, it is the best projection we are going to get. They will, more often than not, be more accurate than any other place that does those type projections.
 
on obamacare one.


on stimulous spending 2.

both completly 180 off from eachother on cbo projections,read the op,not what you want to read.

You did not document anything in the OP, you just made claims.
 
So you don't have anything better or more accurate than the CBO, is that it? Thats what I thought...sour grapes.

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 A SINGLE EXAMPLE CBO WAS CORRECT OR EVEN CLOSE
 
You did not document anything in the OP, you just made claims.

you want me to google cbo claims??i figured everyone would spend 4 seconds doing it but if people are that lazy i will do it.
 
on obamacare one.


on stimulous spending 2.

both completly 180 off from eachother on cbo projections,read the op,not what you want to read.

Can i ask you a question?
What other group organization was close?
They do the best they can with the data they have.
 
you want me to google cbo claims??i figured everyone would spend 4 seconds doing it but if people are that lazy i will do it.

Well, since one of your claims has already blown up in your face since you did not know the difference between net and gross, you know what, it might be a good idea to actually document your claims instead of expecting others to do your homework for you.
 
Can i ask you a question?
What other group organization was close?
They do the best they can with the data they have.

my point is a system that estimates cant be used as fact,though alot do.



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.
 
my point is a system that estimates cant be used as fact,though alot do.
Well when people use them they usually say something along the lines of "the CBO projects"
 
Well when people use them they usually say something along the lines of "the CBO projects"

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.
 
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.

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Get outta here braskee
 
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!
 
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
 
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 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.
 
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.
 
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
 
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.
 
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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.
 
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