Word: cbo
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...plan draws on relatively conservative estimates from the Congressional Budget Office, Clinton uses more optimistic projections from the Office of Management and Budget that show greater tax revenue from economic growth offsetting the need for some cuts. "Clinton is not going to sign anything that agrees to the CBO numbers because he would be bound to them," Carney notes. "What he may do is to decide to take somebody else's numbers, either a combination of CBO and OMB numbers or some neutral economic assumptions done by third party economists. But if Clinton does this, then he will be faced...
...bondholders such as Ross Perot, who in 1992 reported that a chunk of his then $3.3 billion fortune was invested in low-risk government securities. Interest is one of the items targeted for massive cuts under G.O.P. budget plans -- $155 billion under Senator Pete Domenici's proposal. Moreover, the cbo states, mere passage of a credible balanced-budget plan could lead the bond market to bid down interest rates almost immediately, lowering the cost of financing the government's existing debt an additional $170 billion over the next seven years...
...concludes that each new B-2 could cost $1.3 billion, for a total of $26 billion. ``I don't know where Northrop is coming up with their numbers,'' says William Myers, who spent 20 years in the Air Force charting weapons costs and has been doing the same at CBO for 13 years...
Ralph Crosby, Northrop vice president for the B-2, says CBO's historical analysis can't predict the cost of the next planes because ``we now have a firm, fixed-price offer'' pending at the Pentagon. ``It's based on lean production techniques,'' Crosby says. The 11,000 people working on the first B-2s, for example, would be trimmed to about 3,600 for the second...
Clinton on Feb. 8, 1994, after the CBO said his health-care plan would increase, not decrease, the deficit