30
Jun
2009
More Rosy Forecasts From the CBO
Earlier I linked to an IER critique of the CBO’s scoring of Waxman-Markey. Bob Roddis sends me this Yglesias discussion of the super bargain TARP plan. You thought taxpayers were out $700 billion? Nah, don’t worry; the CBO is predicting only $159 billion in total losses on the plan, of which a mere $69 billion* is due to financial sector losses.
* It’s a nice comment on the times that I actually typed the phrase “mere $69 billion.”
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