Word: cbo
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Dates: during 2000-2009
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...dollar costs, meanwhile, will be pretty steep. The Congressional Budget Office (CBO) last week estimated it would cost $9 billion to $13 billion to deploy forces, $6billion to $9 billion a month to prosecute the war and then $5 billion to $7 billion to transport GIs back home. Add a peacekeeping mission that the CBO estimates would cost $1 billion to $4 billion a month, and the total for three months of combat plus five years of occupation would be $272 billion...
...week was the White House?s turn to crunch the numbers; next week, on Aug. 27, the Congressional Budget Office will send out its bean-counters with a result the Democrats hope will put Bush?s first budget exactly where they want it: In the red. But while the CBO?s numbers may vary slightly from the OMB?s, in leaky Washington it?s a good bet that Mitch Daniels? accountants had the CBO?s numbers in mind when they came up with that extra $4.3 billion last week...
...debt, Bush has conveniently redefined the debt so as to avoid the need to repay it. The administration claims that $1.2 trillion of debt is locked up in bonds that cannot be paid off for at least a decade without incurring heavy penalties. However, both the Congressional Budget Office (CBO) and Federal Reserve Chair Alan Greenspan have estimated that this figure is too high by more than $400 billion. It is inexcusable for the Bush administration to declare victory and go home when billions in redeemable debt lie unpaid...
Medicare's situation is further complicated by Bush's pledge to create a prescription drug benefit. New numbers released by the CBO have convinced members of both parties that Bush's program would fall short by tens of billions of dollars; using the Medicare surplus to cover this shortfall, as the administration has proposed, would be akin to stealing from future generations of retirees to fund today's coverage. Bush is just as shortsighted in his Social Security budget, which would take money out of the trust fund to pay for private accounts without covering future expenses...
...Remember, those surplus projections come with a diet too. The CBO's rosy forecasts lowballed economic growth and productivity enough to put them on pretty firm ground. What trigger proponents are saying is that the third component of the projections - growth in discretionary spending - was hopelessly optimistic, and they can't be trusted to stick...