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Controversial CBO Report On Stimulus Turns Out Not To Exist

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kpete Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 10:58 AM
Original message
Controversial CBO Report On Stimulus Turns Out Not To Exist
Edited on Sat Jan-24-09 11:15 AM by kpete
Source: Huffington Post

Reports of a recent study by the Congressional Budget Office, showing that the vast majority of the money in the stimulus package won't be spent until after 2010, have Democrats on the defensive and the GOP calling for a pullback in wasteful spending.

Funny thing is, there is no such report.

"We did not issue any report, any analysis or any study," a CBO aide told the Huffington Post.

Rather, the nonpartisan CBO ran a small portion of an earlier version of the stimulus plan through a computer program that uses a standard formula to determine a score -- how quickly money will be spent. The score only dealt with the part of the stimulus headed for the Appropriations Committee and left out the parts bound for the Ways and Means or Energy and Commerce Committee.

Because it dealt with just a part of the stimulus, it estimated the spending rate for only about $300 billion of the $825 billion plan. Significant changes have been made to the part of the bill the CBO looked at.



Read more: http://www.huffingtonpost.com/2009/01/23/a-controversia...
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Ilsa Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 11:07 AM
Response to Original message
1. It's not news that Republicans are liars. I hope the "librul media"
Edited on Sat Jan-24-09 11:07 AM by Ilsa
gets the word out on this farce before Obama starts facing more opposition. Thanks for the post.
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pleah Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 11:07 AM
Response to Original message
2. K&R Why am I not surprised.
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skeewee08 Donating Member (434 posts) Send PM | Profile | Ignore Sat Jan-24-09 11:46 AM
Response to Original message
3. Those lying piece of sh**
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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 11:50 AM
Response to Original message
4. Mythomaniacs strike again!
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Enrique Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 11:54 AM
Response to Original message
5. the report exists, there's a link to it in this article
it's short, it's incomplete, it's not a finished "CBO product", but it exists.
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jasmeel Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 12:03 PM
Response to Reply #5
6. I think the stimulus plan changed since they rant their product.
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Lasher Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-25-09 03:36 AM
Response to Reply #6
15. Right, and a draft version does not constitute a report.
The report does not exist.
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Omaha Steve Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 01:11 PM
Response to Original message
7. Great post

K&R!

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underpants Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 01:17 PM
Response to Original message
8. LOL- the Fox News guy thought he had a winner with this at the presser the other day
WOw they really are just making stuff up....again
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 02:11 PM
Response to Original message
9. Welp for fuck sakes. No shit. It was just another theft fest.
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radfringe Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 02:14 PM
Response to Original message
10. so as usual....
repubs get half the info, get it wrong and make a stink
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samsingh Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 03:45 PM
Response to Original message
11. imagine if the gop did not exist?
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Piewhacket Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 06:58 PM
Response to Original message
12. propaganda machine cranking up in opposition mode.
need to identify (and discredit) those reporting these fabrications.
so WHO MADE THE REPORT?
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Doremus Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 07:09 PM
Response to Original message
13. So who, specifically, put the lie out there? Find him/her and punish as appropriate.
This kind of shit won't stop unless/until we reinstitute the concept of accountability in government.

Starting NOW.
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Skink Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 07:51 PM
Response to Original message
14. What's wrong with spending money on roads and bridges anyway?
should we not do it cause it might not act fast enough. FDR faced the depression. Ike built the Federal highway system just because. Now let's rebuild our infastructure with the goal of a better greener future. Not just because we are in recession.
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