As a former CBO director, I can attest that CBO is sometimes accused of a bias toward exaggerating costs and underestimating savings. Unfortunately, parts of today’s analysis from CBO could feed that perception. For example, and without specifying precisely how the various modifications would work, CBO somehow concluded that the council could "eventually achieve annual savings equal to several percent of Medicare spending...[which] would amount to tens of billions of dollars per year after 2019." Such savings are welcome (and rare!), but it is also the case that (for good reason) CBO has restricted itself to qualitative, not quantitative, analyses of long-term effects from legislative proposals. In providing a quantitative estimate of long-term effects without any analytical basis for doing so, CBO seems to have overstepped.Then adds: "That paragraph reads a bit like a very angry Data trying to hurt Spock's feelings."
Morning Joe Gets Antsy
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Deep Space Homer is the 15th episode of the fifth season of The Simpsons in
which Homer goes to space. At some point during the adventure, Homer
accident...
8 hours ago
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