Amazing, isn't it? When the CBO makes a determination seems to support a bill the party in power likes, then the CBO can never be wrong. BUT, if they make a determination, as they did this time, that a bill will not do what the politicians say it will, they of course they are often wrong, or make the wrong assumptions, or just plain don't understand how the bill works. White House stands by Inflation Reduction Act after CBO warns inflation won't drop as a result (msn.com)
Both PennWharton and the CBO agree, the bill just won't do much for inflation. I wonder if PennWharton is now on the political shade throwing hit list. Inflation Reduction Act: Comparing CBO and PWBM Estimates — Penn Wharton Budget Model (upenn.edu)
Even Bernie Sanders knocks the bill! Bernie Sanders knocks Schumer and Manchin's big climate and healthcare bill, calling it the 'so-called Inflation Reduction Act' (msn.com)
And then we have a group of 230 economists predicting the bill will fail to curb inflation, and in fact may actually cause ore of it. And, of course, these economists must be labeled as WRONG. Senator Schumer even said it out loud. Schumer calls economists 'wrong' who are cautioning Manchin's spending bill will increase inflation | Fox Business
Plain as the nose on your face? Is Senator Schumer now deriding the nose-less? Or is it the nasally challenged? Senate poised to work through the weekend to advance economic package - The Washington Post
Here's the CBO report. You can actually judge for yourself. H.R. 5376 Inflation Reduction Act of 2022-Revised Tables (cbo.gov)
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