Congressional Budget Office Quotes

While the budget resolution is a nonbinding blueprint, it is, nevertheless, an important guideline for Congress. Once the President's proposed budget is received by Congress on the first Monday of February, Congress generally goes to work on appropriating the funds required.

The Congressional Budget Office has been embarrassed repeatedly by making projections based on the assumption that tax revenues and tax rates move in the same direction.

One of the most important tasks of the United States House of Representatives is to pass a budget resolution.

The CBO is the only group that makes the weatherman's ten-day forecast look like exact science. They seem to miss their projections with extreme regularity.

We're not going to let some unelected bureaucrats in Washington stop us from moving forward with our agenda, but at the end of the day, CBO is not the Holy Grail.

The CBO is part of an intricate web that has been woven that is designed to be an obstacle to Republican ideas and greased lightning for Democrat ideas, while everybody claims it's nonpartisan. But that's not possible. It simply isn't nonpartisan, and it can't be.

Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.

If you look at the studies coming out of the Congressional Budget Office, the number one thing that's going to blow a hole in the deficit as we go forward 20, 30 years is government spending on healthcare.

So in the House and Senate, we own the budget. So what does that mean? That means that we can pass the spending bill.

The Congressional Budget Office is a reactionary socialist institution which does not believe in economic growth, does not believe in innovation, and does not believe in data that it has not internally generated.

One would hope that you would have a CBO director who does not let ideology get in the way of making good estimates. [Congress] values having a credible institution that they can rely on to give them the best estimates possible.