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The CBO score is out

You can download it here (pdf).

By Ezra Klein  |  March 18, 2010; 11:20 AM ET
 
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Comments

The site must be overloaded, because I can't get it.

Posted by: JakeD2 | March 18, 2010 11:27 AM | Report abuse

I did see THIS letter from CBO to Pelosi -- note the paragaraph after the bullet points. Lots of "prelimary" and "not thoroughly examined the reconcilation proposal."

http://www.cbo.gov/ftpdocs/113xx/doc11355/hr4872.pdf

Posted by: JakeD2 | March 18, 2010 11:31 AM | Report abuse

Once I was able to download the file that your linked to, Ezra, my pdf reader said it could not open the file because it is empty. Obviously there's a broken link somewhere. I'll now try JakeD2's link, but you may want to fix the link or post the doc on a more robust server.

Posted by: rkarraker | March 18, 2010 11:36 AM | Report abuse

What I was able to access (Tables 4-5) lumped together "Education" savings -- from student loans I assume -- with "Health" so if anyone sees where that is broken out, please let me know.

Posted by: JakeD2 | March 18, 2010 11:46 AM | Report abuse

The administration could add to the stimulus by instructing the Treasury Department to enter every office NCAA basketball pool in the country, using the President's bracket as its entry. Just a thought.

Posted by: bdballard | March 18, 2010 12:02 PM | Report abuse

In its Monday (15 March) analysis, "CBO indicated that it has identified at least $50 billion in specified and estimated authorizations of discretionary spending that might be involved in implementing that legislation. The authority to undertake such spending is not provided in H.R. 3590;" Today, CBO projects 5-year "sidecar" savings of $15.6B, due to elimination of Medicare Advantage and changes in education loan policy. So, a cost of $50B+ less savings of $15.6B is an increase of $34.4B+ during the 2010-2014 period. It is convenient that the as-yet unauthorized expenses are summarized in a document separate from the savings: what if these necessary extra expenditures are never authorized?

Posted by: rmgregory | March 18, 2010 12:18 PM | Report abuse

"Over the period 2010 to 2020, CBO expects the Obama budget would run a cumulative deficit of $11.3 trillion — $1.2 trillion more than the administration predicted. By 2020, total federal debt would reach... $20.3 trillion — up from $5.8 trillion at the end of 2008.

Between 2010 and 2030, the population age 65 and older is expected to rise from 41 million to 71 million people. CBO projects spending on Social Security, Medicare, and Medicaid in 2030 will reach 14.4 percent of GDP, up from 9.8 percent today. That will be like adding a whole new Social Security program to the budget without any additional revenue to pay for it."

-Capretta

Posted by: staticvars | March 18, 2010 12:18 PM | Report abuse

It's going to be fun to play the Shifting Rationale Game. Or maybe it will be the Simply Deny The Accuracy Of The Report And Insist That Nothing Could Ever Control Costs Better Than The Free Market God Intended game. Or maybe we'll just fall back on old standbys, like the Simultaneously Communist and Fascist and Also Unconstitutional Game. And if you picked all three, congratulations, you've been paying attention.

Posted by: Jenn2 | March 18, 2010 12:40 PM | Report abuse

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