Former CBO Director Douglas Holtz-Eakin shows how the Dems gamed the CBO. The CBO is required to take legislation at face value and not determine the plausibility.
The legislation will raise, not lower deficits by $562 billion and we will be on the hook for a rapidly expanding program.
The deficit is already expected to exceed at least $700 billion a year over the next decade doubling the debt to more than $20 trillion. In ten years the deficit is expected to be $1.2 trillion.
This legislation increases this debt but I think most supporters would support the bill if it cost 50% more.
http://www.nytimes.com/2010/03/21/opinion/21holtz-eakin.html
The legislation will raise, not lower deficits by $562 billion and we will be on the hook for a rapidly expanding program.
The deficit is already expected to exceed at least $700 billion a year over the next decade doubling the debt to more than $20 trillion. In ten years the deficit is expected to be $1.2 trillion.
This legislation increases this debt but I think most supporters would support the bill if it cost 50% more.
http://www.nytimes.com/2010/03/21/opinion/21holtz-eakin.html
