July 25, 2012

political-talk

On recent CBO estimates that the cost of Obamacare has come down, owing to the Supreme Court’s ruling…

Just so you know, the “non-partisan” budget scorekeeper [at the] CBO is being headed at present by a woman, Melinda Beeuwkes Buntin, who has been the Deputy Assistant Director to CBO’s Health Services Department since the middle of 2011. She has donated more than $26,000 to Democrat candidates, $2,300 of that going to Obama in 2008. Before Obamacare was passed she was cited as an Obama spokeswoman. In 2009-2010 she visited the Obama White House eight times. She is the non-partisan budget scorekeeper at CBO. She’s an Obama hack.



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March 23, 2012

rush-limbaugh-politics

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.”


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August 1, 2011

radio-limbaugh

On the very mixed bag which is the new debt ceiling deal…

There supposedly are no tax increases in this. Yet the CBO… is counting on the Bush tax cuts expiring. Next year the Bush tax cuts are set to expire. That’s going to be a tax increase without anybody having to vote for one. Now, it’s also possible that the Bush tax cuts will be extended… and I think it’s 50/50… if that happens, then what happens to the CBO score? The CBO score is thrown out the window. The CBO score is BS anyway but if the Bush tax cuts are extended, the CBO is going to score that as a major cut, which will have to be replaced. A cut in government revenue. If the Bush tax cuts are extended that’s less revenue than the government’s counting on, which means that the (Debt) Commission will have an automatic excuse to go in and raise taxes.