Michele Bachmann dismisses CBO then uses CBO numbers within 60 seconds

[Revere]

There is no issue with the credibility of the CBO. They don't audit. They just regurgitated the garbage numbers Democrats gave them to make Obamacare appear deficit neutral.

This is partisan nonsense.

No, it's accurate. The CBO spits out whatver numbers and asusumptions Congresss feeds it.

 

[Toro]

There is no issue with the credibility of the CBO. They don't audit. They just regurgitated the garbage numbers Democrats gave them to make Obamacare appear deficit neutral.

This is partisan nonsense.

No, it's accurate. The CBO spits out whatver numbers and asusumptions Congresss feeds it.

Dude, that's a really silly comment.

Ezra Klein - What Does the Congressional Budget Office Do? An Interview With Doug Elmendorf.

 

[Revere]

This is partisan nonsense.

No, it's accurate. The CBO spits out whatver numbers and asusumptions Congresss feeds it.

Dude, that's a really silly comment.

Ezra Klein - What Does the Congressional Budget Office Do? An Interview With Doug Elmendorf.

It doesn't change any assumptions Congress makes for it.

Nothing in that links claims they do.

 

[elvis]

There is no issue with the credibility of the CBO. They don't audit. They just regurgitated the garbage numbers Democrats gave them to make Obamacare appear deficit neutral.

This is partisan nonsense.

No, it's accurate. The CBO spits out whatver numbers and asusumptions Congresss feeds it.

No they don't.

 

[Revere]

This is partisan nonsense.

No, it's accurate. The CBO spits out whatver numbers and asusumptions Congresss feeds it.

No they don't.

Yes, they do.

A score can be different things. CBO does official cost estimates for legislation at certain points in the legislative process. Those cost estimates usually include the cost over 10 years of the legislation. That 10 years is called the budget window. Those numbers, and an explanation of where they come from, are the official cost estimate, But we also do a variety of preliminary analyses. The estimates we've released for the Senate HELP Committee health bill and House bills are preliminary estimates. They're complicated bills and we're still working through all the aspects of the calculations we need to do. But we provide the preliminary estimates so there's an understanding of the broad contours of the legislation.

 

[Toro]

No, it's accurate. The CBO spits out whatver numbers and asusumptions Congresss feeds it.

Dude, that's a really silly comment.

Ezra Klein - What Does the Congressional Budget Office Do? An Interview With Doug Elmendorf.

It doesn't change any assumptions Congress makes for it.

Nothing in that links claims they do.

Yes it does.

Normally people don't hear much about the Congressional Budget Office. It's a quiet place where people talk about numbers. But every few years, when major legislation moves forward, it seems like the weight of the world is on your shoulders. So what is it you do?

CBO provides objective analysis of budget and economic policy for the Congress. It was founded in 1975. Congress wanted a source of information independent of what it was hearing from the administration. For the last 34 years, we have provided estimates of the cost of different proposals and of the effects of different proposals on the budget, the economy, and the well-being of individuals.

How exactly does that work? To paraphrase Schoolhouse Rock, how do a bunch of academic papers become a model?

On health care, the root of the model is that people work for firms and live in families and we think they are making purposeful choices about how to get health-care insurance that are sensitive to the cost and quality of health insurance. There are estimates that economists and health experts have developed over years of the ways that individuals and companies respond to different options. We build those estimates of how sensitive people and employers are into the model. If we can show to the model a set of insurance choices that are different than the set of insurance choices people are given today, we can model how they make decisions.

So you take existing evidence of how people react to changes and then test more changes against it.

That's right.

So you put it all into the model and then you get something called a score. What is a score?

A score can be different things. CBO does official cost estimates for legislation at certain points in the legislative process. Those cost estimates usually include the cost over 10 years of the legislation. That 10 years is called the budget window. Those numbers, and an explanation of where they come from, are the official cost estimate, But we also do a variety of preliminary analyses. The estimates we've released for the Senate HELP Committee health bill and House bills are preliminary estimates. They're complicated bills and we're still working through all the aspects of the calculations we need to do. But we provide the preliminary estimates so there's an understanding of the broad contours of the legislation.

That doesn't mean the CBO is always right, but to say they are merely relying on numbers from Congress simply isn't correct.

 

[Revere]

Dude, that's a really silly comment.

Ezra Klein - What Does the Congressional Budget Office Do? An Interview With Doug Elmendorf.

It doesn't change any assumptions Congress makes for it.

Nothing in that links claims they do.

Yes it does.

Normally people don't hear much about the Congressional Budget Office. It's a quiet place where people talk about numbers. But every few years, when major legislation moves forward, it seems like the weight of the world is on your shoulders. So what is it you do?

CBO provides objective analysis of budget and economic policy for the Congress. It was founded in 1975. Congress wanted a source of information independent of what it was hearing from the administration. For the last 34 years, we have provided estimates of the cost of different proposals and of the effects of different proposals on the budget, the economy, and the well-being of individuals.

How exactly does that work? To paraphrase Schoolhouse Rock, how do a bunch of academic papers become a model?

On health care, the root of the model is that people work for firms and live in families and we think they are making purposeful choices about how to get health-care insurance that are sensitive to the cost and quality of health insurance. There are estimates that economists and health experts have developed over years of the ways that individuals and companies respond to different options. We build those estimates of how sensitive people and employers are into the model. If we can show to the model a set of insurance choices that are different than the set of insurance choices people are given today, we can model how they make decisions.

So you take existing evidence of how people react to changes and then test more changes against it.

That's right.

So you put it all into the model and then you get something called a score. What is a score?

A score can be different things. CBO does official cost estimates for legislation at certain points in the legislative process. Those cost estimates usually include the cost over 10 years of the legislation. That 10 years is called the budget window. Those numbers, and an explanation of where they come from, are the official cost estimate, But we also do a variety of preliminary analyses. The estimates we've released for the Senate HELP Committee health bill and House bills are preliminary estimates. They're complicated bills and we're still working through all the aspects of the calculations we need to do. But we provide the preliminary estimates so there's an understanding of the broad contours of the legislation.

That doesn't mean the CBO is always right, but to say they are merely relying on numbers from Congress simply isn't correct.

On the cost and revenue side, they use EXACTLY what Congress tells them to.

If Congress tells them not to count expense A, like doc fix, they don't count it.

Therein lies the fraud of the CBO numbers for Obamacare.

 

[rdean]

Here are the real numbers.

Committee On The Budget

From Fucking Paul Ryan?????????????

Hilarious! Truly Hilarious!

Republicans put an 87 year old man in charge of the "Committee on Science and Technology".

Republicans put this women in charge of the "Committee on Higher Education".

 

[Real American]

It doesn't change any assumptions Congress makes for it.

Nothing in that links claims they do.

Yes it does.

Normally people don't hear much about the Congressional Budget Office. It's a quiet place where people talk about numbers. But every few years, when major legislation moves forward, it seems like the weight of the world is on your shoulders. So what is it you do?

CBO provides objective analysis of budget and economic policy for the Congress. It was founded in 1975. Congress wanted a source of information independent of what it was hearing from the administration. For the last 34 years, we have provided estimates of the cost of different proposals and of the effects of different proposals on the budget, the economy, and the well-being of individuals.

How exactly does that work? To paraphrase Schoolhouse Rock, how do a bunch of academic papers become a model?

On health care, the root of the model is that people work for firms and live in families and we think they are making purposeful choices about how to get health-care insurance that are sensitive to the cost and quality of health insurance. There are estimates that economists and health experts have developed over years of the ways that individuals and companies respond to different options. We build those estimates of how sensitive people and employers are into the model. If we can show to the model a set of insurance choices that are different than the set of insurance choices people are given today, we can model how they make decisions.

So you take existing evidence of how people react to changes and then test more changes against it.

That's right.

So you put it all into the model and then you get something called a score. What is a score?

A score can be different things. CBO does official cost estimates for legislation at certain points in the legislative process. Those cost estimates usually include the cost over 10 years of the legislation. That 10 years is called the budget window. Those numbers, and an explanation of where they come from, are the official cost estimate, But we also do a variety of preliminary analyses. The estimates we've released for the Senate HELP Committee health bill and House bills are preliminary estimates. They're complicated bills and we're still working through all the aspects of the calculations we need to do. But we provide the preliminary estimates so there's an understanding of the broad contours of the legislation.

That doesn't mean the CBO is always right, but to say they are merely relying on numbers from Congress simply isn't correct.

On the cost and revenue side, they use EXACTLY what Congress tells them to.

If Congress tells them not to count expense A, like doc fix, they don't count it.

Therein lies the fraud of the CBO numbers for Obamacare.

thats a bit of stretch since until the last 2 years, no one ever questioned the CBO as much as they do currently.

 

[Trajan]

Bachman has no credibility after an exchange like this.

she never had any with idiots like you in the 1st place


So big deal

look im trying to be objective here, so please try to do the same.
in the exchange between Bachman and Weiner, Bachman state that you cant believe the CBO because the democrats simply feed them bad information. (this in reference to the a repeal of the health care bill adding $230 billion to the deficit), not more than a minute later, she produces a chart generated by the CBO showing the Obama debt vs. the Bush debt.

if you call out an organization for using false numbers, but then praise the same organization for having the correct numbers, how is that not counter intuitive?

agreed, so the question is who gave the numbers to the cbo on the obama bush comparison. IF its reps. then they numbers have as little credibility as the a-fore mentioned figure.

 

[Trajan]

Yes it does.



That doesn't mean the CBO is always right, but to say they are merely relying on numbers from Congress simply isn't correct.

On the cost and revenue side, they use EXACTLY what Congress tells them to.

If Congress tells them not to count expense A, like doc fix, they don't count it.

Therein lies the fraud of the CBO numbers for Obamacare.

thats a bit of stretch since until the last 2 years, no one ever questioned the CBO as much as they do currently.

uhm, I think thew questioned started almost immediately, when the first costs started coming up for obama care he made it known he would not accept anything over 900 billion then I think the number moved to 1 trillion...and voila' the cbo came up with a 940 or so billion estimate.
I seem to remember they ran a data set with the doctor fix and that blew up the number of course, so they didn't count it....or that is a new set of numbers was given to them and .......

 

[Toro]

It doesn't change any assumptions Congress makes for it.

Nothing in that links claims they do.

Yes it does.

Normally people don't hear much about the Congressional Budget Office. It's a quiet place where people talk about numbers. But every few years, when major legislation moves forward, it seems like the weight of the world is on your shoulders. So what is it you do?

CBO provides objective analysis of budget and economic policy for the Congress. It was founded in 1975. Congress wanted a source of information independent of what it was hearing from the administration. For the last 34 years, we have provided estimates of the cost of different proposals and of the effects of different proposals on the budget, the economy, and the well-being of individuals.

How exactly does that work? To paraphrase Schoolhouse Rock, how do a bunch of academic papers become a model?

On health care, the root of the model is that people work for firms and live in families and we think they are making purposeful choices about how to get health-care insurance that are sensitive to the cost and quality of health insurance. There are estimates that economists and health experts have developed over years of the ways that individuals and companies respond to different options. We build those estimates of how sensitive people and employers are into the model. If we can show to the model a set of insurance choices that are different than the set of insurance choices people are given today, we can model how they make decisions.

So you take existing evidence of how people react to changes and then test more changes against it.

That's right.

So you put it all into the model and then you get something called a score. What is a score?

A score can be different things. CBO does official cost estimates for legislation at certain points in the legislative process. Those cost estimates usually include the cost over 10 years of the legislation. That 10 years is called the budget window. Those numbers, and an explanation of where they come from, are the official cost estimate, But we also do a variety of preliminary analyses. The estimates we've released for the Senate HELP Committee health bill and House bills are preliminary estimates. They're complicated bills and we're still working through all the aspects of the calculations we need to do. But we provide the preliminary estimates so there's an understanding of the broad contours of the legislation.

That doesn't mean the CBO is always right, but to say they are merely relying on numbers from Congress simply isn't correct.

On the cost and revenue side, they use EXACTLY what Congress tells them to.

If Congress tells them not to count expense A, like doc fix, they don't count it.

Therein lies the fraud of the CBO numbers for Obamacare.

Back it up.

 

[Modbert]

No they don't.

We're still waiting for Revere to give us evidence that the Brand X case shows the FFC has no jurisdiction over the internet. Doubt we'll get any sense here either.

 

[elvis]

No they don't.

We're still waiting for Revere to give us evidence that the Brand X case shows the FFC has no jurisdiction over the internet. Doubt we'll get any sense here either.

wonder if he realizes the CBO was ok with the tax cuts when they were implemented . I surmise he likes them when its convenient.

 

[ClosedCaption]

lol...Why dont we all just go off of the "I believe it therefore it is a fact" rule....

Bachman doesnt believe the CBO therefore the CBO's findings are Bogus...When she believes the CBO their findings are accurate...and that works whenever she wants it to. Accusations are truth

how stupid.

 

[Yurt]

There is no issue with the credibility of the CBO. They don't audit. They just regurgitated the garbage numbers Democrats gave them to make Obamacare appear deficit neutral.

This is partisan nonsense.

where does the cbo get their information from?

 

[Trajan]

example-

CBO deals another blow to House health plan
By PATRICK O'CONNOR | 7/18/09


The nonpartisan Congressional Budget Office dealt another blow to House Democrats on Friday night, saying their health care bill would increase the federal deficit by $239 billion over the next 10 years.

The projected shortfall means Democrats would need to find additional revenue or make deeper cuts to existing programs in order to meet their goal of paying for the $1 trillion bill.

But those projections don't account for a $245 billion reduction in the deficit this legislation would create, if Democrats can also approve new balanced budget rules that would permanently address an annual shortfall in Medicare payments to physicians Democrats may also defend the cost of their bill by pointing out that in the long run, under new accounting rules, the bill would generate a $6 billion surplus.


more at-
CBO deals another blow to House health plan - Patrick O'Connor - POLITICO.com

 

[Zander]

When Medicare was passed the CBO estimated the cost of Medicare part A to be $9 Billion by 1990. Actual Expenditure in 1990 was $67 billion .....Does anyone really believe that another HUGE entitlement program is going to reduce the deficit....

 

[Toro]

There is no issue with the credibility of the CBO. They don't audit. They just regurgitated the garbage numbers Democrats gave them to make Obamacare appear deficit neutral.

This is partisan nonsense.

where does the cbo get their information from?

They develop econometric models from the text of the legislation. Then, using econometric modeling, the CBO makes an estimate. The CBO, based on statistical analysis and cross referencing empirical data, will draw their own conclusions on the affect of the legislation. If, for example, a legislator says "We will build a hospital for $100," the CBO will say "No you won't."

Forecasting is an enormously difficult task, and I don't expect the CBO to be any more accurate than the next place. But the CBO is an independent body. Those saying they don't have credibility don't have credibility.

 

[Toro]

example-

CBO deals another blow to House health plan
By PATRICK O'CONNOR | 7/18/09


The nonpartisan Congressional Budget Office dealt another blow to House Democrats on Friday night, saying their health care bill would increase the federal deficit by $239 billion over the next 10 years.

The projected shortfall means Democrats would need to find additional revenue or make deeper cuts to existing programs in order to meet their goal of paying for the $1 trillion bill.

But those projections don't account for a $245 billion reduction in the deficit this legislation would create, if Democrats can also approve new balanced budget rules that would permanently address an annual shortfall in Medicare payments to physicians Democrats may also defend the cost of their bill by pointing out that in the long run, under new accounting rules, the bill would generate a $6 billion surplus.


more at-
CBO deals another blow to House health plan - Patrick O'Connor - POLITICO.com

Soooooooooo

We shouldn't believe this because Democrats are feeding numbers to the CBO.

Instead, we should just believe whatever we already believe.