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Sound Familiar??

Politicians are notably fair-weathered when it comes to touting reports issued by the Congressional Budget Office. When the data fall in your favor, it's considered gospel. When the number crunchers aren't so kind, it's deemed fantasy.

But on Thursday Republican national Chairman Michael Steele took the routine to a new extreme, going so far as to dismiss the CBO's analysis of the deficit reducing impact of the health care bill a "lie."

Asked to responded to calculations that the bill would save $1.2 trillion in the out-years following the first decade after implementation, Steele replied told CNN's Rick Sanchez: "I got two words for you -- or three words. Three words... That's a lie."

It's not, of course. It is an estimate based on a formula and data. And while it surely won't be dead-on-accurate, it's a well-respected basis for considering legislation

Answer Question
 
sweet-a-kins

Asked by sweet-a-kins at 7:12 PM on Mar. 18, 2010 in Politics & Current Events

Level 34 (67,502 Credits)
Answers (20)
  • Steele, at the very least, should know this. Back when he was delivering a tour-de-force takedown of the health care bill in late July, the RNC chair cited CBO data eight times in an effort to claim it was a deficit killer.


    laughing


    Just like CM!!

    sweet-a-kins

    Answer by sweet-a-kins at 7:13 PM on Mar. 18, 2010

  • It is an estimate

    Yeah, you might want to go look up the definition of estimate before you unleash all that righteous indignation.
    Anonymous

    Answer by Anonymous at 7:13 PM on Mar. 18, 2010

  • It is an estimate Yeah, you might want to go look up the definition of estimate before you unleash all that righteous indignation.


    You might want to go look up every other post about the CBO one here. If they are favorable estimates for the conservative side..they are ALL OVER it like WHITE ON RICE,,,,and if it says they opposite...they dont know WTH they are talking about.


    Mr. Steele cited their ESTIMATES 8 TIMES to say how its a deficit killer blah blah..then said they lied ..so which is it? Based on THEIR data you say A B C is going to happen...but since it works out in the OTHER SIDES favor it isnt reliable now???

    sweet-a-kins

    Answer by sweet-a-kins at 7:22 PM on Mar. 18, 2010

  • Hah! Pretty standard politics. Everyone loves the CBO when it comes down on their side!
    stacymomof2

    Answer by stacymomof2 at 7:22 PM on Mar. 18, 2010

  • Hah! Pretty standard politics. Everyone loves the CBO when it comes down on their side!


    The CBO is like the weather man of politics!! lol

    sweet-a-kins

    Answer by sweet-a-kins at 7:23 PM on Mar. 18, 2010

  • lol sweet!
    stacymomof2

    Answer by stacymomof2 at 7:24 PM on Mar. 18, 2010

  • Who gives a flying flip if it is deficit REDUCING. Tell me it is DEBT reducing and I will be more interested.

    Politics aside, we cannot afford this.
    yourspecialkid

    Answer by yourspecialkid at 7:25 PM on Mar. 18, 2010

  • Politics aside, we cannot afford this.


    We cannot afford to NOT do this

    sweet-a-kins

    Answer by sweet-a-kins at 7:26 PM on Mar. 18, 2010

  • I'm no economist, but I have a hard time seeing a savings of over a TRILLION dollars after the first decade.
    29again

    Answer by 29again at 7:32 PM on Mar. 18, 2010


  • This is how Democrats get their 10-year spending under $1 Trillion--they don’t start up their $940 billion plan until the 5th year, LONG after Obama is gone along with MANY of the Dems who voted for this crap!  $17 billion out of our pocket for nothing! THEN the program starts and it costs $923 billion--which as you know is going to end up being a VERY CONSERVATIVE estimate!!!!

    LoriKeet

    Answer by LoriKeet at 7:32 PM on Mar. 18, 2010

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