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Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (14993)	3/21/2010 7:18:09 PM
From: Lane3	1 Recommendation Read Replies (1) \| Respond to of 42652

So your assumption is GDP will be down? Or up? +/-. I don't know. It doesn't matter. What matters is that CBO is required to make that assumption regardless of what IT thinks. I have been trying to convey to you why CBO's scoring does not necessarily represent what would be CBO's best estimate were it left to its own expert devices. CBO operates within parameters that don't allow it to "think." I happened upon that example today so I posted it. CBO is constrained from rolling its collective eyes when it issues reports. It bites its tongue, mostly, although there are hints. If feel for those folks. It's a tough job, particularly when they know that there are people out there who don't know the code and who are sucking it all in.

To: Road Walker who wrote (14993)	3/24/2010 11:13:15 AM
From: TimF	Respond to of 42652

If your measuring the impact of the bill on federal revenue the issue isn't whether GDP will be up or down compared to today's GDP, its whether the bill has a positive or negative effect on GDP. Well not really GDP. Government spending counts as an addition to GDP dollar for dollar, but government spending doesn't get taxed (and in fact has a negative impact on the fiscal balance0. So perhaps the point is rather its effect on private taxable economic activity rather than GDP.