THE FAKE NEWS OF THE CONGRESSIONAL BUDGET OFFICE
The Congressional Budget Office (CBO) projected that 21 million people would be enrolled in the Obamacare insurance exchanges by 2016, back when the bill was voted on in 2010.
The actual number turned out to be about 10 million — the projection being off by more than 100 percent.
Did the CBO provide hugely incorrect forecasts because they were under political pressure by the Democrats to report fake news of how beneficial the program would be, or were they sloppy in their work product, or did they pretend to know more than they could have possibly known?
Despite many decades of major forecast errors, Congress continues to rely on CBO projections far more than is warranted. Most recently, the Republicans had been waiting in great anticipation of the CBO witch doctors’ “scoring” of their various repeal-and-replace Obamacare plans. They are waiting for more CBO fake news.















