Opinion | Congress treats the Congressional Budget Office like a crystal ball for legislation, but one economist says their models are built on flawed assumptions (by paulconstant)
The Congressional Budget Office has always served a vital role in government, economist Mark Paul explains in"I like to call them the scorekeepers," Paul said."They're really the referees here. They run these economic models that I think are the most important policy models out there."
But the CBO, like any human institution, brings biases to their work — and it doesn't help that the current CBO director, a conservative think tank. The CBO's models are built from flawed assumptions that don't necessarily reflect how legislation might actually behave in the real world. "In other words," Paul said,"they simply say that government is just terrible at their job and any public investments are largely wasteful."
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