Word: cbo
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Dates: during 2010-2019
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...intimidate those at the pinnacles of power. A soft-spoken academic who coaches his daughters' soccer team, he is described by virtually everyone who knows him as a genuinely nice guy. But consider some of the things that have been said about the director of the Congressional Budget Office (CBO) and his ideas during the past year. "Off the wall," fumed Dave Obey, the famously volatile chairman of the House Appropriations Committee. Senate majority leader Harry Reid has suggested - and not in a nice way - that Elmendorf's presumption is such that "maybe what he should...
...this morass, Democrats assert that their plan, which subsidizes about 30 million people so that they can afford coverage, will lower the deficit. Fears of higher taxes and bigger deficits, they sneer, are unfounded. Their reasoning? The Congressional Budget Office (CBO) says so. But they raise taxes to pay for the subsidies—a surcharge on the rich in the House of Representatives, a tax on “Cadillac plans” in the Senate—taxes that could have gone exclusively to reducing the deficit. And the CBO warns that the deficit will lessen only...