How Congress underwrites the models that trap American policymaking
Congressional Budget Office
Posted inEconomic Policy
Six Ways Existing Economic Models Are Killing the Economy
The alleged science doesn’t match up to the real world.
Posted inEconomic Policy
How Policymakers Fight a Losing Battle With Models
Reforms are needed to ensure that inaccurate budgetary math doesn’t take precedence over maximizing long-term prosperity.
Posted inEconomic Policy
How Models Get the Economy Wrong
Seemingly complex and sophisticated econometric modeling often fails to take into account common sense and observable reality.
Posted inTAP
Beware Debt Hysteria
Today on TAP: Spending cuts for the sake of debt reduction would weaken both Biden and the economy.
Posted inBuilding Back America
Manchin’s Cherry-Picking of Budget Estimates
He has deficit concerns with the Build Back Better Act. But the same analysts he cites think his bipartisan infrastructure bill is even worse for the deficit.
Posted inBuilding Back America
CBO’s Metaphysical Medicaid Madness
Why does something Congress already paid for cost $300 billion, according to the budget scorekeeper?
Posted inEconomic Policy
How the Budget Rules Hobble the Progressive Imagination
It’s time to repeal pay-as-you-go requirements, a throwback to the austerity economics of the Clinton-Obama era.
Posted inTAP
One More Republican Needs to Go—the Head of CBO
Today on TAP: Former assistant Treasury secretary Phillip Swagel was appointed in 2019