Republicans Are Best Hope for Entitlement Reform

Through these past, several months, I have wondered why so many put their faith in the Congressional Budget Office, while others within the Government do not rely strictly on the CBO for accurate information. The following articles may explain why the CBO has good intentions, but finds it necessary to recalculate three to four times before they come to a decision--and even that decision may not end up to be accurate:

Congressional Budget Office Often Guesses Big Changes:

http://capitalgainsandgames.com/blog/stan-collender/1128/cbo-often-guesses-big-changes

Center for Economic and Policy Research and CBO's Assessments:

http://www.cepr.net/index.php/blogs/social-security-monitor/

(many articles related to S.S. and the CB)).

It is interesting to note the particular article, written by Dean Baker and titled: Letter to Rep. Coffman on Social Security Comments,"-- an article on S.S. as a "Ponzie Scheme." The following article: Letter to Rep. Ryan: "Social Security Is Not a 'Ponzi Scheme," and CBO's opinions on Social Security: "Legislation by Sen. Hutchison Would Cut Social Security Benefits for Near-Retirees." The CBO is often not quoted correctly, or is quoted before or after CBO has changed its mind about the budget statistics they present from one period of time to another.

For those who "put their faith" in the accuracy of the CBO, it is probably best to take their statistics with a grain of salt and check back with them every now and then to see if the CBO has "rethought" their previous information. Sometimes they are accurate--sometimes, "way off." They have good intentions, however.

By the way, the Website below is another good site to monitor every now and then.

http://www.cepr.net/index.php/blogs/social-security-monitor/

More on the CBO:

http://www.thedailybeast.com/articles/2010/03/18/do-these-numbers-add-up.html

"OMB and CBO Hold Outdated and Inaccurate Views of SCSEP:

Views from the Senior Community Service Employment Program (SCSEP) also gives info on the CBO (among many other Websites), and this pdf. article is titled: "Updating the Federal Government's Official Assessment of the Senior Community Service Employment Program."

ann keenan of MI 12:40AM October 26, 2011

"If a free society cannot help the many who are poor, it cannot save the few who are rich. "

JFK - 1961

Ranger Dan of MI 11:02AM October 17, 2011

brucetee

Says "all you,or anyone,has to do is look at the ryan plan to see that it wiil increase the cost to seinor;s by thousands of dollars every year."

Naturally brucetee doesn't prove it. From__ thin air __ he comes up with "thousands of dollars every year." Why not discuss obamcare brucetee ? Point is Ryan bill was not passed. obamacare was. Is a tragedy waiting to happen. When I say we can not affort obamacare, I support my claims:

"New CBO Report Proves We Cannot Afford Obamacare"

"Obamacare proponents say the new law cuts the deficit. But the CBO report pulls the mask off the bill and reveals what it really is: a massive tax increase that, on paper at least, is slightly greater than the massive spending hike it also contains. Obamacare thus indisputably represents a massive new burden on current taxpayers and future generations." That cost the elderly in either $$$ or less health care or both.

http://blog.heritage.org/2011/02/23/new-cbo-report-proves-we-cannot-afford-obamacare/

Bill Hedges of MO 1:36AM October 13, 2011

hey junior

all you,or anyone,has to do is look at the ryan plan to see that it wiil increase the cost to seinor;s by thousands of dollars every year.

handing someone a voucher and wishing the good luck is not the answer to the problem.most seniors are on a fixed income.

bruce b of NV 2:03PM October 12, 2011