CBO needs new blood: Opposing view By:Michael A. Needham
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Most Americans have never heard of the Congressional Budget Office, so it may come as a surprise that an intense debate is occurring in Washington about the agency and its director, Doug Elmendorf. While some are urging the new, Republican-controlled Congress to keep the Democratic appointee, the better approach would be to bring in new blood.
CBO scores have an outsized impact on the workings of Capitol Hill; unfavorable scores often end legislative debates before they begin. Elmendorf’s CBO is widely respected as a supposedly neutral arbiter of legislative costs. But on several occasions its rulings — rosy estimates of job gains from the stimulus and predictions downplaying job losses from Obamacare, for example — have done the policy debate a disservice.Read More