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Congressional Budget Office: Difference between revisions
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Whereas politicians on both sides of the aisle have criticized the CBO when its estimates have been politically inconvenient,<ref name=":2">{{Cite news|url=http://www.latimes.com/business/la-na-pol-cbo-report-qa-20170314-story.html|title=What is the CBO, and can you trust its numbers on the Republican healthcare plan?|last=Lee|first=Don|date=2017-03-14|work=Los Angeles Times|access-date=2017-03-23|language=en-US|issn=0458-3035}}</ref><ref name=":0" /> economists and other academics overwhelmingly reject that the CBO is partisan or that it fails to produce credible forecasts. | Whereas politicians on both sides of the aisle have criticized the CBO when its estimates have been politically inconvenient,<ref name=":2">{{Cite news|url=http://www.latimes.com/business/la-na-pol-cbo-report-qa-20170314-story.html|title=What is the CBO, and can you trust its numbers on the Republican healthcare plan?|last=Lee|first=Don|date=2017-03-14|work=Los Angeles Times|access-date=2017-03-23|language=en-US|issn=0458-3035}}</ref><ref name=":0" /> economists and other academics overwhelmingly reject that the CBO is partisan or that it fails to produce credible forecasts. | ||
A March 2017 survey of leading economists shows a consensus behind the notion that "adjusting for legal restrictions on what the CBO can assume about future legislation and events, the CBO has historically issued credible forecasts of the effects of both Democratic and Republican legislative proposals."<ref name=":1">{{Cite web|url=http://www.igmchicago.org/surveys/the-cbo|title=The CBO|publisher=[[Initiative on Global Markets]] (IGM), [[University of Chicago]] [[Booth School of Business]]|language=en-US|date=March 21, 2017}}</ref> According to MIT economist [[David Autor]], the "CBO has a good track record with a very difficult assignment. It errs, but not systematically or with partisan intent."<ref name=":1" /> According to Yale economist [[Christopher Udry]], "There is no credible evidence of partisan bias."<ref name=":1" /> Economist [[Walter E. Williams]], a [[classical liberal]], wrote in 1998 that the CBO was well-regarded for its "honest numbers" on fiscal and economic matters.<ref name="Joyce" /> According to the '' | A March 2017 survey of leading economists shows a consensus behind the notion that "adjusting for legal restrictions on what the CBO can assume about future legislation and events, the CBO has historically issued credible forecasts of the effects of both Democratic and Republican legislative proposals."<ref name=":1">{{Cite web|url=http://www.igmchicago.org/surveys/the-cbo|title=The CBO|publisher=[[Initiative on Global Markets]] (IGM), [[University of Chicago]] [[Booth School of Business]]|language=en-US|date=March 21, 2017}}</ref> According to MIT economist [[David Autor]], the "CBO has a good track record with a very difficult assignment. It errs, but not systematically or with partisan intent."<ref name=":1" /> According to Yale economist [[Christopher Udry]], "There is no credible evidence of partisan bias."<ref name=":1" /> Economist [[Walter E. Williams]], a [[classical liberal]], wrote in 1998 that the CBO was well-regarded for its "honest numbers" on fiscal and economic matters.<ref name="Joyce" /> According to the ''Los Angeles Times'', "the CBO's analyses and forecasting are regarded as good or better than others doing similar work... economists say that the CBO's economic projections generally compare favorably against other outfits, and its long-term budget estimates have been fairly accurate."<ref name=":2" /> | ||
According to George Washington University political scientist Sarah Binder, the CBO "has emerged over its history as a neutral analyst of congressional budgets and cost estimates for proposed legislation."<ref name=":0" /> The agency has "a nonpartisan staff culture".<ref name=":0" /> | According to George Washington University political scientist Sarah Binder, the CBO "has emerged over its history as a neutral analyst of congressional budgets and cost estimates for proposed legislation."<ref name=":0" /> The agency has "a nonpartisan staff culture".<ref name=":0" /> | ||