Posted by Tod Lindberg on 9th October 1995
FOR MONTHS, REPUBLICANS on Capitol Hill complained that “their” Congressional Budget Office wasn’t behaving. The CBO had long been a COP bete noire, subject to constant accusations from the right that its supposedly independent studies were cooked for the benefit of the Democrats in charge of the House and Senate. The new Republican Congress was supposed to effect major ideological changes in the CBO, now under the management of June O’Neill. But O’Neill’s CBO has been a disappointment for many; it has refused, for example, to support claims that a cut in the capital-gains tax will actually increase the amount of tax money in government coffers.
So a sigh of relief flooded Capitol Hill last week when the CBO decided to ” score” the GOP’s Medicare reform proposals the way the House leadership wanted them scored (and needed the CBO to score them). The COP needs $ 270 billion in savings over the next seven years to balance the budget, and party leaders believe their Medicare plan does just that.