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We aren't just actuaries or bean counters, we have to be looking at what is the impact. >> greta: visionaries in some way. >> what are we visioning just cutting the deficit is it just about numbers? or what is the impact that is our decisions would have on ordinary people. it is easy to talk about slashing social security or medicare, the average older american makes $18,000 a year. >> greta: the democratic party doesn't even have a budget now from which we can work in terms to figure out what we should slash or save or do anything. all these economic discussions to me, is as an outside sider ...

We aren't just actuaries or bean counters, we have to be looking at what is the impact. >> greta: visionaries in some way. >> what are we visioning just cutting the deficit is it just about numbers? or what is the impact that is our decisions would have on ordinary people. it is easy to talk about slashing social security or medicare, the average older american makes $18,000 a year. >> greta: the democratic party doesn't even have a budget now from which we can work in terms to figure out what we should slash or save or do anything. all these economic discussions to me, is as an outside sider ...

Counters in washington, cbo probably has a better track record than most. these forecasts are sort of almost like weather forecasts, maybe a little better, i don't want to disparage chad or anybody, but, you know, they change. and i've seen it many times in my relatively brief time in washington, where, you know, there have been these big forecasts about some bill like the medicare prescription drug bill from 2003 it's going to cost "x" dollars and few years later you find the costs have exploded, so i don't think anyone knows for sure, but if anyone is sort of the best emumpire, it is the con...

How many more pages do you have to read? >> quite a few. i'm going as fast as i can. >> neil: i think you lost your fastball. get cracking. you have 12 minutes. >> okay. >> neil: i'm disappointed. i'm a little disappointed. you have time to redeem yourself. back to the homework. racing through this. i have to say, he's letting me down, i'm sure he's letting you down. in the meantime, cbo or cbo? boy, oh, boy. the bean counters are getting burned out. can we really rely on their numbers? boss:hey, glad i caught you. i was on my way to present ideas

Effectiveness research. this is great. this is where panelists get together and they'll have experience in a wide variety of areas, including economics. economics? wait a minute. i thought the problem with healthcare in america it was all about money and we weren't going to have bean counters anymore. right. this bean counter no longer will be with your insurance company. this one will be a benevolent grant-writing bean counter from washington. you'll be powerless over this guy. you can't leave his company. no, no. they'll tell you what treatment you can and cannot have. america, this is the m...