First Thoughts on the CBO Score
Megan McArdle at The Atlantic see’s it this way 1) Thanks to reconciliation instructions, they needed to improve the budget impact by at least $1 billion in the sidecar. They improved it by exactly $1 billion. Which goes back to what I’ve now said several times: the CBO process has now been so thoroughly gamed that it’s useless. 2) The proposed changes increase spending dramatically, most heavily concentrated in the […]