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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsReport: New Congress Dumping CBO Chief To Clear Way For Special GOP Budget Math
http://a3.img.talkingpointsmemo.com/image/upload/c_fill,fl_keep_iptc,g_faces,h_365,w_652/ncs9qpd77wtfmr7hbncf.jpgThe incoming leaders of the new Republican-controlled Congress have opted against reappointing Doug Elmendorf as head of the Congressional Budget Office, Bloomberg News reported Monday citing an "aide briefed on the decision." The move helps clear the way for so-called "dynamic scoring" -- a Holy Grail of conservative GOP budget wonks who don't like the way the costs of tax cuts are currently calculated.
Elmendorf previously served as an economist with the Treasury Department and the Federal Reserve. He was appointed to lead the CBO in 2009 after Peter Orszag, the previous director, was nominated to run the White House Office of Management and Budget. After that, in 2011, Elmendorf was confirmed for a four-year term after Republicans took over the House of Representatives.
Supporters of Elmendorf have said that the fact that he was reappointed by congressional Republicans shows that he isn't spiking the numbers to favor establishment Republicans or the Obama administration.
Over the past few months Republicans have renewed their focus on changing the way CBO scores budgets if they were to take control of the Senate and keep control of the House of Representatives. Dynamic scoring calculates budgets through a controversial view that tax cuts both create economic growth and counter lost revenue. Currently the CBO does not use dynamic scoring.
http://talkingpointsmemo.com/livewire/republicans-renominate-doug-elmendorf-dynamic-scoring
dixiegrrrrl
(60,010 posts)There are gonna be some fun books and movies and plays made about the Kongressional Klown Kar gang, down the road.
If anyone has a sense of humor left by then.
Wonder if only Faux news will be allowed at press conferences?
Katashi_itto
(10,175 posts)SamKnause
(13,108 posts)lube in the country to soften the screwing the 99% have coming their way.
Volaris
(10,272 posts)The reason they want this done is so that they can erase the on-paper (see ACTUAL AND REAL) savings to the Federal Government provided by the ACA. Then, they can claim that its a giant waste of tax-payer money, and vote (again) to repeal it.
If they do, it won't be 5 years and single-payer will be the Law of the Land.
Let's pray they're actually that stupid.
eppur_se_muova
(36,271 posts)The name sounds like something technical that only budget wonks would understand, but it's really just a formula for telling big lies and cloaking them in ersatz legitimacy.
Octafish
(55,745 posts)No? More "Go Along to Get Along." So it's more of the same-ol', same ol'. Fool me once shame on you. Fool me twice. Won't get fooled again trickle down Budget Math.