CBO: Friend Or Foe?

That is my latest poem…the title that is…….

The Congressional Budget Office (CBO) is both, friend and foe, if your particular ideology does not agree with the CBO’s findings then it cannot be trusted because it is a government entity that as we know cannot be trusted to give the people the real facts….and then when it does agree with your particular set of priorities then it is a friend and its findings should be heeded at all costs……

There you have it….it is both friend and foe……

I bring this up because the latest report from the CBO seems to favor the GOP’s set of priorities……..read on McDuff……

CBO’s Key Findings:

  • Revenue in 2014 is on track to exceed its historical average of 17.4 percent of GDP.
  • The deficit will again top $1 trillion by 2022.
  • Interest on the national debt will quadruple over the next decade.
  • By 2021, Obamacare will cause a “reduction in full-time-equivalent employment of about 2.3 million.”
  • Obamacare “will reduce the total number of hours worked, on net, by about 1.5 percent to 2.0 percent during the period from 2017 to 2024.” The largest decline will occur among “lower-wage workers.”
  • Obamacare “will cause a reduction of roughly 1 percent in aggregate labor compensation over the 2017–2024 period.”

To read the full report: http://cbo.gov/publication/45010.

So in this case at this point in the year….the CBO has given lots of ammo for the GOP in the coming 2014 elections….I can hear the “Repeal Obamacare” chants as I write……but the question is….will the CBO still be the friend the GOP needs to win their ‘rightful’ place as the power in DC?  Or will it go back to being the propaganda wing of the President?

You choose.

4 thoughts on “CBO: Friend Or Foe?

    1. Yes, but I love to listen to the conservs spin this…..my biggest point was that the CBO is either friend or foe…..either listen to what they say or not…but stop the spin….chuq

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