The most recent backlash over the “repeal and replace” legislation from Democrats, is that the Congressional Budget Office has yet to evaluate the cost of the legislation. What most Americans don’t realize is that the C.B.O. (Congressional Budget Office) is just another useless part of the federal government not worthy of taxpayer’s money. This is nothing more than a bunch of overpaid bureaucrats trying their hand at impressing ignorant Americans with their financial wizardry.
The first two words that describe the institution are the most revealing. The word “congressional” when referring to finances should set off alarm bells in anyone’s mind. The second thing is the word “budget”. A budget is a made-up form of accounting, a pie in the sky, so to speak, to allow for errors, and in most cases encourage them so there is a favorable outcome at tax time. If any area of government does not meet their assign budget for a given term, the following term their budget is cut. In order not to found short in the next term, the department will spend their allotted budget whether they need to or not. This “budget” accounting practice then allows an institution to seamlessly grow the budget as deemed “necessary”. This ever increasing practice, is ever increasing the burden on the taxpayers. I consider the merit of the C.B.O. with the same equivalent as Unicorns and leprechaun. Both have given rise to great expectations in the minds of some, but have fallen short of true accomplishments.
True accounting is done line by line, a practice suggested by Republican Presidential candidate Carly Fiorina, and I hoped and prayed that this principle would be put in practice. Only by using this principle can any accurate measure of finances be achieved. Since the federal government has never applied this practice, there can never be any model by which to compare to make an accurate forecast of what any given expense would be to the American taxpayers. So when I hear about anything having to be checked by the C.B.O., I place very little confidence in any of their conclusions.