21 March 2010

CBO Should Come with a Label

From Harvard Econ Prof Greg Mankiw’s blog

[The CBO’s] estimates should come with a warning label:

I will default to the experts on this when it comes to econ because I know nothing.  However, what I understand is that the projections are made upon assumed growth of GDP, inflation, tax changes and so on.  With the CBO predicting savings based on the data given and assumed, I would think that the chances that the healthcare bill is budget neutral is high.  But, I am not going to pretend like I know a lot about economics.  Either way, I still do not support a bill that does not take care of tort reform and places a large decrease on doctors when we are in need of more primary health physicians.