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Doug Elmendorf

The Republican's Magical Mystery Tour (Starting Next Week)

Robert Reich | Posted 02.27.2015 | Politics
Robert Reich

According to reports, one of the first acts of the Republican Congress will be to fire Doug Elmendorf, current director of the non-partisan Congressional Budget Office, because he won't use "dynamic scoring" for his economic projections. Dynamic scoring is the magical-mystery math Republicans have been pushing since they came up with supply-side "trickle-down" economics. It's based on the belief that cutting taxes unleashes economic growth and thereby produces additional government revenue. Supposedly the added revenue more than makes up for what's lost when Congress hands out the tax cuts. Dynamic scoring would make it easier to enact tax cuts for the wealthy and corporations, because the tax cuts wouldn't look as if they increased the budget deficit.

CBO Chief: The Middle Class Will Have To Pay For America's Debt Problem

The Huffington Post | Jillian Berman | Posted 05.03.2013 | Business

One government official has some bad news for Americans and politicians: You can’t protect the middle class from tax increases or benefit cuts if yo...

Amanda Terkel

CBO: Health Care Repeal Would Up Deficit By $230 Billion | Amanda Terkel | Posted 05.25.2011 | Politics

WASHINGTON -- Repealing health care reform will add $230 billion to the deficit over the next decade, leave 32 million fewer people with insurance and...

CBO Director Trashes Bush Tax Cuts

Washington Post | Ezra Klein | Posted 05.25.2011 | Business

Testifying before the Senate Budget Committee yesterday, CBO director Doug Elmendorf destroyed the case for an extension of the Bush tax cuts in gener...

Why Geithner Can't Save the Treasury Bond

Eric Schurenberg | Posted 05.25.2011 | Business
Eric Schurenberg

If the U.S. loses its top credit rating, it certainly won't be the first nation so embarrassed. Japan just lost its top rating and the U.K. is on the bubble.

Sam Stein

CBO Director Throws Another Wrench Into Health Care Debate | Sam Stein | Posted 05.25.2011 | Politics

Congressional Budget Office director Douglas Elmendorf threw another wrench into Democratic arguments for cost-effective health care reform, telling a...