Opinion | Congress treats the Congressional Budget Office like a crystal ball for legislation, but one economist says their models are built on flawed assumptions (by paulconstant)
The Congressional Budget Office has always served a vital role in government, economist Mark Paul explains in"I like to call them the scorekeepers," Paul said."They're really the referees here. They run these economic models that I think are the most important policy models out there."
But the CBO, like any human institution, brings biases to their work — and it doesn't help that the current CBO director, a conservative think tank. The CBO's models are built from flawed assumptions that don't necessarily reflect how legislation might actually behave in the real world. "In other words," Paul said,"they simply say that government is just terrible at their job and any public investments are largely wasteful."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Nonprofit workers in NYC rally for higher wages in mayor's budgetWorkers contracted by the city for nonprofit work say their wages make it difficult to adequately staff operations.
Consulte Mais informação »
Ukraine Aid, Huge Budget Bill Near Final OK in SenateA $13.6 billion emergency package of military and humanitarian aid for besieged Ukraine and its European allies is sailing toward final congressional approval
Consulte Mais informação »
Senate gives final approval to Ukraine aid, huge budget billWASHINGTON (AP) — A $13.6 billion emergency package of military and humanitarian aid for besieged Ukraine and its European allies easily won final congressional approval Thursday, hitching a ride on a government-wide spending bill that's five months late but loaded with political prizes for both parties.
Consulte Mais informação »
Senate Gives Final Approval to Ukraine Aid, Huge Budget BillThe Senate has given final congressional approval to a $13.6 billion emergency package of military and humanitarian aid for besieged Ukraine and its European allies
Consulte Mais informação »
WATCH: Kat Cammack accuses Dems of rushing budget vote for weekend partyFlorida Republican Rep. Kat Cammack went live on Facebook to accuse House Democrats of rushing the vote on the congressional spending bill to make room for their annual retreat in Philadelphia.
Consulte Mais informação »