The Congressional Budget Office at middle age
This month marks the 40th anniversary of Congressional Budget Office. Today, CBO, although occasionally criticized for its analysis and estimates, stands out as a Washington institution that has maintained influence and credibility amid strident partisanship.
On February 23, the Hutchins Center on Fiscal and Monetary Policy convened a conversation to examine the political forces that have, so far, allowed CBO to maintain its independence, to evaluate what CBO has done well and what it hasn’t, and to highlight challenges it confronts in the future. Philip Joyce, professor of public policy at the University of Maryland and author of The Congressional Budget Office: Honest Numbers, Power and Policymaking (Georgetown University Press, 2011), made an opening presentation, followed by a panel discussion.
Join the conversation on Twitter using #CBO.
|Background paper||“The Congressional Budget Office at middle age” by Philip Joyce »|
|Interactive Timeline||The Congressional Budget Office turns 40 »|
Former U.S. Representative (D-Conn.)
U.S. Political Economist, Global Investment Research - Goldman Sachs
Vice President - Peter G. Peterson Foundation
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[On the politics of climate impacts in the U.S.] The political alignment around climate impacts is almost the exact opposite of the political alignment around emissions control.
[On the geographic distribution of climate impacts in the U.S.] The damages to the Republican-electing congressional districts is almost double what it is for the Democratic-voting districts.
[On Brookings research on climate impacts and human health] When you look at the out years, all of these factors have an impact on what people care about, but the really dominant effect is mortality. Literally, there’ll be climate change killing people.