Sainted CBO Doesn’t Understand Economics

from Conservative Review:

Crystal Ball Office (CBO): Big Gov cronyism good for your health

crystal ball reading

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We live in a time when politicians refuse to even understand the basic difference between the X and Y chromosomes. It is therefore not hard to understand why up is down and in is out when it comes to health care economics in the eyes of the esteemed Congressional Budget Office.

According to the CBO, the more Congress pays ransom to the insurance cartel, the lower prices will be, and then government will actually save money. Earlier this week, it issued its crystal ball projection on the Murray-Alexander bailout (the “Bipartisan Health Care Stabilization Act of 2017”) and said it would decrease the deficit by $3.8 billion. Less is more and more is less.

Of course, the insurance cartel would never use the morphine that numbs the pain from the price increases to raise prices even more … and demand even more bailouts next year. Bailing out the most failed and expensive national project of all time is now profitable, according to the smart people in D.C. read more

Do We Need Transparency at the CBO

from the Washington Examiner:

Mick Mulvaney isn’t pleased with the power wielded by his competitor, the Congressional Budget Office. You can chalk that up in part to a natural rivalry between the CBO and Mulvaney’s Office of Management and Budget, which is an arm of the White House. Mulvaney also highlights some reasons everyone concerned with good policy should want reform at CBO.

“At some point, you’ve got to ask yourself, has the day of the CBO come and gone?” Mulvaney told the Washington Examiner‘s writers and editors in a recent meeting at the White House complex. Mulvaney specifically tore into a CBO staffer who helped give the Republican healthcare bill a bad score. read more