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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: CYBERKEN who wrote (363737)	2/26/2003 11:35:06 AM
From: DuckTapeSunroof	Respond to of 769670

Actually, I agree that 'dynamic scoring' (including the potential gains in economic growth that can result from the lowering of taxes when calculating the effect of tax policy changes) can result in a more accurate determination of the effect of tax changes. Only, there is no standard way to do it... so it offers to politicians a great opportunity to use 'smoke and mirrors' to claim anything they want to. The Republican Congressional caucus itself has not yet agreed on a standard way to do this... and neither has the GAO or the CBO, Treasury, or private economic forecasting firms. So, to be honest, any dynamic scoring plan should allow for 'back testing' of the data, and corrections to the methodology moving forward... so that the formula can be tested against real world results. So, if it works , i.e., if it produces more accurate results that standard 'static scoring' methods, then I'm of course for it. The theory is sound... but the implementation may give politicians (a bunch well know to lie to get what they want) new tools with which to lie to the public. In other words: use it, but prove that it works. As Reagan said: "trust but verify"!