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View Diary: Before You Start Bashing Sen. Patty Murray (D-Wash.) Read This (293 comments)

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  •  CBO deficit estimate is based on false assumptions (2+ / 0-)
    Recommended by:
    pistolSO, FloraLine

    http://www.nakedcapitalism.com/...

    No one can be expected to see every comment or follow every link but if you didn't see this one you might still be basing your estimates on false premises.

    CBO estimates of the deficit center on the cost of health care. Their model is based on decades of historic increases in health care cost that exceed the cost of living. Some people are not willing to assume similar expansions of Medicare/Medicaid will happen again in the coming decades.

    You should ask who these people are to question CBO's model.

    http://www.federalreserve.gov/...

    Glenn R. Follette
    Chief
    Fiscal Analysis Section
    Research and Statistics

    Chief, Fiscal Analysis
    Board of Governors of the Federal Reserve System 2010 - present.

    Economist
    Board of Governors of the Federal Reserve System 1988 - 2000

    Administrator
    Organization for Economic Cooperation and Development 1994 - 1997

    Senior Economist
    Board of Governors of the Federal Reserve System 2000 - 2010

    http://www.federalreserve.gov/...
    Louise M. Sheiner
    Senior Economist
    Fiscal Analysis Section
    Research and Statistics

    Economist
    Board of Governors of the Federal Reserve System 1993 - present

    Deputy Assistant Secretary for Economic Policy
    U.S. Department of the Treasury 1996

    Senior Staff Economist
    Council of Economic Advisers 1995 - 1996

    Economist
    Joint Committee on Taxation 1990 - 1993

    That enough from me. Now go read the article.

    Others have simply gotten old. I prefer to think I've been tempered by time.

    by Just Bob on Sun Nov 11, 2012 at 04:44:21 PM PST

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