CBO Review is…Well, Just Invalid

March 18, 2010 at 13:12 (Economy, General Stupidity, Health, News)

Why? Because the healthcare bill hasn’t been written yet.

I’m not going to pretend to be a budget wonk but aside from the fact that the CBO projections are based on the ‘facts’ provided to them by Democratic leadership, the Director of the CBO says this isn’t a real estimate (pdf)

Although CBO completed a preliminary review of legislative language prior to its release, the agency has not thoroughly examined the reconciliation proposal to verify its consistency with the previous draft. This estimate is therefore preliminary, pending a review of the language of the reconciliation proposal, as well as further review and refinement of the budgetary projections.

In other words, they don’t really know yet since the bill hasn’t been provided in it’s final form.

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