Is the CBO trustworthy?

The only data I am willing to quote from CBO is basic accumulated data, such as federal income tax revenues in a given year (as long as that year has already happened.)

When it comes to their economic forecasts, we'd all have a better chance at an accurate prognostication by having some fortune teller look in their crystal ball, read our tea leaves, throw bones on the floor, or examine chicken guts.
 
Good Luck said:
The only data I am willing to quote from CBO is basic accumulated data, such as federal income tax revenues in a given year (as long as that year has already happened.)

When it comes to their economic forecasts, we'd all have a better chance at an accurate prognostication by having some fortune teller look in their crystal ball, read our tea leaves, throw bones on the floor, or examine chicken guts.
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So when President Bush relied on CBO projections, you rejected them as invalid?
 
Mojo said:
So when President Bush relied on CBO projections, you rejected them as invalid?
Click to expand...
Since there was no surplus to begin with, and have I stated so quite plainly, what do you think? (This isn't school - there ARE such things as stupid questions.)
 
..."President Bush said Saturday that the most important number in the budget he sends to Congress next week is the $5.6 trillion surplus it projects over the next 10 years.

That huge projected surplus provides the underpinning of all the administration's tax-cut and spending plans, Mr. Bush said in his recorded weekly radio address.

"A surplus in tax revenue, after all, means that taxpayers have been overcharged," the president said. "And usually when you've been overcharged, you expect to get something back." The surplus figure "counts more than any other" in the budget, he said.

"Along with funding our priorities and paying down debt, my plan returns about one of every four dollars of the surplus to the American taxpayers, who created the surplus in the first place," Mr. Bush said..."

http://www.cbsnews.com/stories/2001/02/24/national/main274334.shtml
 
I know what Bush said. I also know what Clinton said. I know what a lot of people have said. If my response about the accuracy of CBO is not clear enough for you, that is your lack, not mine. Your questions are pure idiocy, and you refusal to state anything resembling your own thoughts just paints you as a flame baiting troll

Bye now.
 
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