Modernizing the CBO | National Review Online

Rather than produce projections behind a heavy veil, the CBO and the JCT should ultimately act as developers and stewards of an open public model, available online to anyone with sufficient technical prowess to use it. The two agencies, with outside help, would create and maintain the model, and would decide on and make publicly known a set of official economic assumptions and policy expectations to be used in modeling for formal budget-process purposes. Anyone could “score” any policy proposal using those official assumptions — and so could know the CBO score for that proposal immediately — and could also use the model with other assumptions to project a proposal’s consequences under alternative circumstances.

via Modernizing the CBO | National Review Online.

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