Keeping Convention News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To it. i am first in that respect. if you look at the writing of the cbo in the past and the medicare actuary in the past, they acknowledge the issue. >> greta: have we ever been right on the numbers, any of the scoring? >> every year, every bill, we hear number on cbo score. has the number ever been remotely in the ballpark? >> we can never know. >> greta: are we close? good at guessing? >> for some things we are, and some things we're bad. if you look at the social security trustee report going back to 20 or 30 years they are remarkably accurate. that's what happens there, most of the factor...

This is far reaching and economically significant law passed by the congress in many years. the consequence it will affect the federal deficit, hundreds of billions of dollars to the good, as implied by the score keeping convention, or in reality, hundreds of billions of dollars to the bad, which is the case under the actual change in law. >> bret: that is charles, with the a study saying that the healthcare law will a $130 billion to the deficit over the decade. jay carney responded with this: this is a partisan analysis that does not comport with the official presentation put forward by the ...

That this law would ad $340 billion in a best case scenario to federal deficit in ten years. >> greta: this is going to happen -- if your paper is correct, it will happen to us unless the law is held unconstitutional. this is inevitable unless we find a pot of gold some place, right? >> right. if the entirety of the law is upheld, it will be enormous cost to the federal government. >> greta: and there is just no place we can get the money except to go farther if debt? >> right. it will add to the deficit. >> greta: are you the only one saying this? or is this like -- do most people in the econ...

To it. i am first in that respect. if you look at the writing of the cbo in the past and the medicare actuary in the past, they acknowledge the issue. >> greta: have we ever been right on the numbers, any of the scoring? >> every year, every bill, we hear number on cbo score. has the number ever been remotely in the ballpark? >> we can never know. >> greta: are we close? good at guessing? >> for some things we are, and some things we're bad. if you look at the social security trustee report going back to 20 or 30 years they are remarkably accurate. that's what happens there, most of the factor...