Congressional Budget Office (CBO)

April 25, 2018

When the Economy Is Like the Weather

Economic forecasting can frequently be inaccurate because of changing numbers and human bias or, as Yogi Berra reputedly said, "It's tough to make predictions, especially about the future."

January 8, 2015

Understanding a New Tax Issue

With the House requiring dynamic scoring of tax legislation from the CBO, the bigger tax debate resurfaces on how much redistribution and spending.

March 21, 2014

The One Big Reason We Can’t Really Cut the Federal Deficit

It is tough to be a deficit hawk.   Rather than our typical spike in wartime spending, we have a peacetime deficit. (Please note that the federal […]

February 6, 2014

A Surprising Connection Between Tennessee and the Affordable Care Act

There is probably a tradeoff between health insurance and the demand for jobs. During 2005 in Tennessee, the demand for jobs increased when 170,000 people lost their Medicaid […]