March 23, 2012

Mark Steyn is filling in for Rush today… On the profound systemic unreliability of the Congressional Accounting Office…

One of the things I would like to see proposed is that we abolish the Congressional Budget Office – in fact that we blow it up, and we salt the ground so that nothing grows there ever again. Because this particular accounting device – ten years, ten-year cost projections – is unique to the United States. They don’t do it even in crazy countries like Greece and Spain and Portugal and Ireland and Italy, the so-called PIGS of the European Union. Portugal, Italy, Ireland, Greece, Spain. They don’t have this ten-year phony-baloney accounting trick. I mean for starters, it’s ridiculous. Senators’ terms are six years, Congressmen’s terms are two years, Presidents’ terms are four years. The idea that anyone’s in a position to say what anything’s gonna cost in ten years is absurd, because one of the most basic principles in free societies [is] that a parliament can’t bind its successor… so to “cost” things on the basis of what’s gonna be happening in 2022… none of us knows what’s gonna be happening in 2022, which is why the entire CBO accounting trick should be blown up. That should be the “Line 1” of Paul Ryan’s plan: “I’m going to abolish the Congressional Budget Office and get the United States back to an honest accounting system.”


__Spacer (25x50)politics__Spacer (50x50)politics