Open source the CBO!

The economists at the Congressional Budget Office aren't magicians — and there's no good reason why they shouldn't reveal how they perform their tricks

CBO
(Image credit: (Mark Wilson/Getty Images))

The Congressional Budget Office (CBO), as a nonpartisan group tasked with producing "scores" (a sort of predictive economic analysis) of the macroeconomic and budget impact of congressional bills, is one of the most politically important parts of our government.

All politicians rely on CBO scores to trumpet the cost benefits of their own bills or to lacerate their opponents over deficit-expanding price tags. CBO scores get cited in the media as gospel, and they can powerfully shape legislation and its chances of becoming law. For example, an enormous part of the ObamaCare debate was devoted to the cost of the bill — the cost as modeled by the CBO, over a certain period of years, according to certain assumptions. Certain parts of the bill were deliberately crafted to achieve the right CBO score. (Larry Elder helpfully recounts the ObamaCare-CBO saga here.)

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Pascal-Emmanuel Gobry

Pascal-Emmanuel Gobry is a writer and fellow at the Ethics and Public Policy Center. His writing has appeared at Forbes, The Atlantic, First Things, Commentary Magazine, The Daily Beast, The Federalist, Quartz, and other places. He lives in Paris with his beloved wife and daughter.