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CBO says climate bill would cut deficit by $19B (Like "healthcare", CBO and Rats lie again)
MSNBC ^ | 7/7/2010 | by MATTHEW DALY/ap

Posted on 07/08/2010 3:59:29 AM PDT by tobyhill

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To: blueyon
It is only based on the information they are feed...

You are right but it is actually worse than that. I have sympathy (but not too much) for the CBO. They are owned and operated by our National Legislature. When they are given a request, it is not unusual for the requesting Representative or Senator to forbid consideration of anything not specifically asked for.

In this case, it MIGHT HAVE BEEN something like this, "given a steady business state, what would be the impact of this bill upon the deficit?" EVEN IF IT IS OBVIOUS that it could drive businesses into bankruptcy or offshore, the CBO is not permitted to mention this unless another congress-critter asks for it in a separate report.

21 posted on 07/08/2010 6:04:13 AM PDT by SES1066 (Cycling to conserve, Conservative to save, Saving to Retire, will Retire to Cycle.)
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To: thethirddegree; tobyhill

As I understand it the CBO can only do thier analysis based upon the numbers that Congress give to them and Congress only uses the numbers that look good for them. It is just like a computer if you put garbage in then you get garbage out. The CBO I believe tries but it is limited by Congress.


22 posted on 07/08/2010 6:11:07 AM PDT by Ratman83
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To: Ratman83
The CBO had a chance to speak up on the real numbers with healthcare but squandered that chance till the bill was passed. This time it needs to be said loud and clear that the cover-up is the same as lying.
23 posted on 07/08/2010 6:13:25 AM PDT by tobyhill
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To: tobyhill; All

Cutting welfare by $38 Billion would save TWICE that amount.


24 posted on 07/08/2010 6:23:15 AM PDT by Recovering_Democrat
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To: tobyhill

I think, have not researched< that the CBO as setup by congress does not have achoice on the numbers and this hampers its ability to say what the real cost is.


25 posted on 07/08/2010 6:24:24 AM PDT by Ratman83
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To: Ratman83

You’re right but if they don’t want to be accused of being in the tank for the Rats then they’ll figure out a way to write reports with true numbers.


26 posted on 07/08/2010 6:29:19 AM PDT by tobyhill
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To: tobyhill

Of course it will cut the deficit in the short term, it’s a TAX! Like any tax, it brings in revenue, until it drains the economy and costs even more jobs and then it increases the deficit.

Just say no to Obamnomics.


27 posted on 07/08/2010 6:34:14 AM PDT by Eva (Aand)
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To: tobyhill
Don't worry, the REAL numbers will come out AFTER they pass the bill. This laboratory, peta-dish report is meant to ease the consciences of the CONgress traitors who are willfully and knowingly defying the will of the people, because they are so much smarter know so much more about what we really need.
28 posted on 07/08/2010 6:35:32 AM PDT by PSYCHO-FREEP ( Give me Liberty, or give me an M-24A2!)
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To: tobyhill

Of course it scores as deficit reduction. The CBO can’t take into account the possibility that the legislation will damage businesses and thereby cut tax revenues. They can only score the direct effects of the legislation.

And the direct effect is to raise BILLIONS in new taxes, mostly through the sale of carbon credits. So it’s not that enacting climate legislation will reduce our deficits, any more than “fixing” health care would reduce the deficits.

In both cases, the “deficit reduction” was due to raising taxes in the bills.


29 posted on 07/08/2010 7:41:06 AM PDT by CharlesWayneCT
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