Democratic Underground - At least the CBO didn't imply Pres. Obama was fudging the numbers like they did of Bubba in '99.

Reply #16: At least the CBO didn't imply Pres. Obama was fudging the numbers like they did of Bubba in '99. [View All]

ClarkUSA

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Fri May-29-09 06:35 PM
Response to Original message

16. At least the CBO didn't imply Pres. Obama was fudging the numbers like they did of Bubba in '99.

Edited on Fri May-29-09 06:44 PM by ClarkUSA

The Congressional Budget Office said today that President Clinton had grossly underestimated the cost of his proposal for Medicare coverage of prescription drugs.

Dan L. Crippen, director of the budget office, also told Congress that Mr. Clinton had overstated the savings that could be achieved by his proposals to redesign Medicare and encourage competition in the traditional fee-for-service program.

When Mr. Clinton unveiled his drug proposal on June 29, he said it would cost $118 billion over 10 years. The budget office says now that the cost would be $168 billion, 42 percent higher than Mr. Clinton's estimate.

The estimate of the budget office has many political ramifications. It will give Republicans a reason to support a much more limited Medicare drug benefit, as Congress is normally obliged to use the cost estimates from its own budget office.

Thank goodness "Obama officials" are so much more competent and timely about transparent self-correction than Clinton and BushCo officials! It seems you're wrong about "same ol, same ol" -- unless you were talking about yourself. :eyes:

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Reply #16: At least the CBO didn't imply Pres. Obama was fudging the numbers like they did of Bubba in '99. [View All]