The nonpartisan Congressional Budget Office is acting in a bipartisan way to cover up the biggest single threat to the bipartisan political alliance that is stripping America of its wealth: the United States Congress.
There is no question that the following policy is bipartisan. Democrats and Republicans in Congress are completely agreed that the following information should not get out to the American people, namely, that the present value of the United States government’s off-budget liabilities is over $200 trillion.
The man who has followed this for the longest time is Prof. Lawrence Kotlikoff of Boston University. He has created a great deal of embarrassment for the government by his relentless pursuit of the statistical implications of the statistics released by the Congressional Budget Office.
The Congressional Budget Office has a way to avoid this, namely, to cease publishing the statistics that Kotlikoff has used to expose the real condition of the United States government.
Kotlikoff referred to this suppression of information in an article that appeared in Forbes.
The CBO has two sets of books. This is what any Ponzi scheme requires. It releases one set of books to the rubes in the financial media, who are perfectly content to quote from it, when they are even aware of it. This is called the Extended Baseline Forecast or EBF.
The second set of books is called the Alternative Fiscal Scenario or AFS. Here’s how Kotlikoff describes the difference.
In past years, the CBO simultaneously released what it calls its Alternative Fiscal Scenario. This forecast is what CBO actually projects future taxes and spending to be given not just the laws in place, but also how Congress and the Administration have been bending and changing the laws through time. In short, the Alternative Fiscal Scenario (AFS) is what the CBO thinks we’re facing absent a truly dramatic and sustained shift in fiscal policy.
Because of Kotlikoff’s ability to get news coverage for the AFS, the CBO decided this year not to publish it.
(For the rest of the story, click the link.)
if you can't blind them with brilliance, baffle them with bull puckey. WHY would the ruing elites want to allow we peons to know the mess they've got us into? We just MIGHT begin to question a thing or two……. ya think?
Article 5: US CONSTITUTION.
Coming, states convention 12/7/2013 for the purpose of considering Amendments to the Constitution. Suggest you read Mark Levin’s latest book, The Liberty Amendments.
The voter/taxpayers don't want to hear any of this stuff; they prefer the last cigarette and blindfold approach to life. They see they have no answers to the disaster of democracy they've been sold over the last century and therefore think no solutions are possible. What's to be gained by worrying about our doom? Maybe it won't happen until we're gone? Maybe it's just racism? Maybe up is down, day is night, good is bad, black is white? We all have cable TV; why worry about anything that isn't here yet?
Econoranter
I have used this analogy for several years now: "Hey the game is on, and I got a beer in my hand, don't bother me" this seems to be the attitude of millions of citizens of this country.