During the whole political drama that was the debate on the American Recovery & Reinvestment Plan, Obama’s stimulation plan, I kept hearing all about the CBO report that basically said that if left alone the economy would recovery on its own in 10 years. And also they kept saying just how this report stated that very little would be accomplished by the plan being offerd by the administration.
From a post in the Huffington Post:
Reports of a recent study by the Congressional Budget Office, showing that the vast majority of the money in the stimulus package won’t be spent until after 2010, have Democrats on the defensive and the GOP calling for a pullback in wasteful spending.
Funny thing is, there is no such report. How is that for BS?
“We did not issue any report, any analysis or any study,” a CBO aide told the Huffington Post.
Rather, the nonpartisan CBO ran a small portion of an earlier version of the stimulus plan through a computer program that uses a standard formula to determine a score — how quickly money will be spent. The score only dealt with the part of the stimulus headed for the Appropriations Committee and left out the parts bound for the Ways and Means or Energy and Commerce Committee.
The CBO numbers were given to a small number of congressional Democrats and Republicans, but were not posted online because they’re not an official CBO product. (Media outlets, while reporting widely about the “report,” have declined to post it online. Here’s the whole thing.) Democratic aides say they are certain that the GOP leaked it to the Associated Press in order to undercut the spending portion of the stimulus.
The press broadly picked up on it and a simple narrative developed: the stimulus bill won’t stimulate the economy. The administration tried to push back against the CBO numbers, sending around a set of talking points making the case that the “new CBO spendout rate report is being taken out of context.”
So once again the GOP has resulted to using BS to make their case. I guess if you do not have any facts to back up your claims then make them up….it has worked in the past…it will work in the present.