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CBO on $1.2 Trillion: ‘No’



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Over at Critical Condition, Hanns Kuttner notes that while the Democrats attribute their claim that health-care reform will cut the deficit by $1.2 trillion in its second ten years to the Congressional Budget Office, this estimate is nowhere to be found in the CBO report itself. It seems that the Democrats took the CBO’s estimate that deficit reduction could fall “in a broad range around one-half percent of GDP,” matched it up to some estimates of GDP in 2020–2029, and attributed their back-of-the-envelope math to the CBO itself.

I e-mailed a source within the CBO to ask if they had arrived at the $1.2 trillion figure themselves. The source e-mailed back one word: “No.”



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