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White House Shrugs Off "Consistently Inaccurate" CBO Score

White House Shrugs Off "Consistently Inaccurate" CBO Score

The White House has released its official statement with regard the CBO score, noting their "consistently inaccurate" and pointing out that "we know the facts."

Following a Tweet right after the release of CBO's official score of the House Healthcare Bill...

The White House issued a full statement on CBO Healthcare Report

The CBO has consistently proven it cannot accurately predict how healthcare legislation will impact insurance coverage.

 

CBO Says 22 Million More Uninsured Under Senate Bill, Premiums Initially 20% Higher Then 30% Lower

CBO Says 22 Million More Uninsured Under Senate Bill, Premiums Initially 20% Higher Then 30% Lower

The CBO has scored the Senate version of the healthcare bill, which was passed by the House as H.R.1628, and found a few more modest improvements relative to its scoring of the Healthcare Bill as of May 24 . Here are the apples to apples comparisons with the last proposed version of the bill:

GM Will Raise $3 Billion In Debt To Fund Pensions

GM Will Raise $3 Billion In Debt To Fund Pensions

One of the primary reasons why GM files for bankruptcy back in 2009, much to the chagrin of the Obama administration not to mention the company's creditors, was because its pension and retirement benefits had become untenable (ignoring that the GM bankruptcy inverted the liquidation analysis on its head with bondholders crammed down at the expense of unions and pensioners who are a much bigger portion of the US voting population than a few bondholders on Wall Street).

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