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	<title>Comments on: Obama Lectures On Fiscal Responsibility Then Spends Too Much</title>
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	<link>http://www.onebigdog.net/obama-lectures-on-fiscal-responsibility-then-spends-too-much/</link>
	<description>"Let that be a lesson to you, boys and girls. Don't ever argue with the Big Dog because the Big Dog is always right"</description>
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		<title>By: Big Dog</title>
		<link>http://www.onebigdog.net/obama-lectures-on-fiscal-responsibility-then-spends-too-much/comment-page-1/#comment-147712</link>
		<dc:creator>Big Dog</dc:creator>
		<pubDate>Mon, 08 Feb 2010 03:33:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.onebigdog.net/?p=8982#comment-147712</guid>
		<description>I got it from the former head of the CBO.  He explained the process on a local radio program.</description>
		<content:encoded><![CDATA[<p>I got it from the former head of the CBO.  He explained the process on a local radio program.</p>
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		<title>By: Darrel</title>
		<link>http://www.onebigdog.net/obama-lectures-on-fiscal-responsibility-then-spends-too-much/comment-page-1/#comment-147697</link>
		<dc:creator>Darrel</dc:creator>
		<pubDate>Mon, 08 Feb 2010 01:08:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.onebigdog.net/?p=8982#comment-147697</guid>
		<description>Bigd: &quot;CBO has NEVER been correct because they are only given what the Congress wants scored.&quot;&gt;

DAR
  No, this is a terrible distortion you love to repeat. The actual reason, with regard to the budget, is given on their &lt;a href=&quot;http://www.cbo.gov/aboutcbo/faqs.shtml&quot; rel=&quot;nofollow&quot;&gt;FAQ page&lt;/a&gt;:

&quot;How accurate are CBO&#039;s budget projections?

By statute, CBO&#039;s baseline projections must estimate the future paths of federal spending and revenues under current law and policies. The baseline is therefore not intended to be a prediction of future budgetary outcomes; instead, it is meant to serve as a neutral benchmark that lawmakers can use to measure the effects of proposed changes to spending and taxes. So for that reason and others, actual budgetary outcomes are almost certain to differ from CBO&#039;s baseline projections.&quot;

This makes perfect sense.

Bigd: COngress leaves things out to get the numbers they want.&quot;&gt;&gt;

DAR
  Complete rubbish. The CBO has to do it&#039;s calculations based upon the law in question.

And regarding their economic forecasting accuracy, they have:

&quot;How accurate are CBO&#039;s economic forecasts?

CBO regularly evaluates the accuracy of its economic forecasts and publishes the track record. Those evaluations help guide the agency&#039;s efforts to improve its forecasts and help Members of Congress and others in their use of CBO&#039;s estimates. Historically, the accuracy of CBO&#039;s two-year forecasts and five-year projections has been very similar to the accuracy of those by the Blue Chip consensus (an average of private-sector forecasters) and the Administration.&quot;
--ibid

D.</description>
		<content:encoded><![CDATA[<p>Bigd: &#8220;CBO has NEVER been correct because they are only given what the Congress wants scored.&#8221;&gt;</p>
<p>DAR<br />
  No, this is a terrible distortion you love to repeat. The actual reason, with regard to the budget, is given on their <a href="http://www.cbo.gov/aboutcbo/faqs.shtml" rel="nofollow">FAQ page</a>:</p>
<p>&#8220;How accurate are CBO&#8217;s budget projections?</p>
<p>By statute, CBO&#8217;s baseline projections must estimate the future paths of federal spending and revenues under current law and policies. The baseline is therefore not intended to be a prediction of future budgetary outcomes; instead, it is meant to serve as a neutral benchmark that lawmakers can use to measure the effects of proposed changes to spending and taxes. So for that reason and others, actual budgetary outcomes are almost certain to differ from CBO&#8217;s baseline projections.&#8221;</p>
<p>This makes perfect sense.</p>
<p>Bigd: COngress leaves things out to get the numbers they want.&#8221;&gt;&gt;</p>
<p>DAR<br />
  Complete rubbish. The CBO has to do it&#8217;s calculations based upon the law in question.</p>
<p>And regarding their economic forecasting accuracy, they have:</p>
<p>&#8220;How accurate are CBO&#8217;s economic forecasts?</p>
<p>CBO regularly evaluates the accuracy of its economic forecasts and publishes the track record. Those evaluations help guide the agency&#8217;s efforts to improve its forecasts and help Members of Congress and others in their use of CBO&#8217;s estimates. Historically, the accuracy of CBO&#8217;s two-year forecasts and five-year projections has been very similar to the accuracy of those by the Blue Chip consensus (an average of private-sector forecasters) and the Administration.&#8221;<br />
&#8211;ibid</p>
<p>D.</p>
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		<title>By: Darrel</title>
		<link>http://www.onebigdog.net/obama-lectures-on-fiscal-responsibility-then-spends-too-much/comment-page-1/#comment-147696</link>
		<dc:creator>Darrel</dc:creator>
		<pubDate>Mon, 08 Feb 2010 01:00:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.onebigdog.net/?p=8982#comment-147696</guid>
		<description>Bigd: &quot;The CBO can ONLY score what they are given. That is the law.&quot;&gt;&gt;

DAR
  Where on earth did you get this (quite ridiculous) idea (distortion) from?

D.
-------------
&quot;The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government. It is a government agency that provides economic data to Congress.[1] The CBO was created as an independent nonpartisan agency by the Congressional Budget and Impoundment Control Act of 1974.&quot;</description>
		<content:encoded><![CDATA[<p>Bigd: &#8220;The CBO can ONLY score what they are given. That is the law.&#8221;&gt;&gt;</p>
<p>DAR<br />
  Where on earth did you get this (quite ridiculous) idea (distortion) from?</p>
<p>D.<br />
&#8212;&#8212;&#8212;&#8212;-<br />
&#8220;The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government. It is a government agency that provides economic data to Congress.[1] The CBO was created as an independent nonpartisan agency by the Congressional Budget and Impoundment Control Act of 1974.&#8221;</p>
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		<title>By: Big Dog</title>
		<link>http://www.onebigdog.net/obama-lectures-on-fiscal-responsibility-then-spends-too-much/comment-page-1/#comment-147695</link>
		<dc:creator>Big Dog</dc:creator>
		<pubDate>Mon, 08 Feb 2010 01:00:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.onebigdog.net/?p=8982#comment-147695</guid>
		<description>It was comparing earnings to non earnings, I wouldn&#039;t expect you to understand.

Adam told me that I knew it was true I made it with some kind of help.  I merely pointed out that I did not.

If you want to be fair though, divide the work year into the actual time in school the grant paid for.  Use the actual hours and extrapolate to a whole year.</description>
		<content:encoded><![CDATA[<p>It was comparing earnings to non earnings, I wouldn&#8217;t expect you to understand.</p>
<p>Adam told me that I knew it was true I made it with some kind of help.  I merely pointed out that I did not.</p>
<p>If you want to be fair though, divide the work year into the actual time in school the grant paid for.  Use the actual hours and extrapolate to a whole year.</p>
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		<title>By: Darrel</title>
		<link>http://www.onebigdog.net/obama-lectures-on-fiscal-responsibility-then-spends-too-much/comment-page-1/#comment-147692</link>
		<dc:creator>Darrel</dc:creator>
		<pubDate>Mon, 08 Feb 2010 00:49:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.onebigdog.net/?p=8982#comment-147692</guid>
		<description>Bigd: &quot;The claim was that I got paid less and no time frame was given.&quot;&gt;&gt;

DAR
  In no sense is the claim in question true unless you stack the deck and invent an uneven timeline:

&quot;I got paid less than your government grants for college...&quot;

You got paid more unless you compare four years to one, then you got paid less. And this kind of blatant, ridiculous trick is useful how?

You could always compare minutes to years and make it even look better. Is this how republicans do their budgets? Why yes, I think it is.</description>
		<content:encoded><![CDATA[<p>Bigd: &#8220;The claim was that I got paid less and no time frame was given.&#8221;&gt;&gt;</p>
<p>DAR<br />
  In no sense is the claim in question true unless you stack the deck and invent an uneven timeline:</p>
<p>&#8220;I got paid less than your government grants for college&#8230;&#8221;</p>
<p>You got paid more unless you compare four years to one, then you got paid less. And this kind of blatant, ridiculous trick is useful how?</p>
<p>You could always compare minutes to years and make it even look better. Is this how republicans do their budgets? Why yes, I think it is.</p>
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		<title>By: jmb27</title>
		<link>http://www.onebigdog.net/obama-lectures-on-fiscal-responsibility-then-spends-too-much/comment-page-1/#comment-147670</link>
		<dc:creator>jmb27</dc:creator>
		<pubDate>Sun, 07 Feb 2010 19:19:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.onebigdog.net/?p=8982#comment-147670</guid>
		<description>Predatory Lending is a major contributor to the economic turmoil we are currently experiencing.

Here is an example of what I am talking about:  
Scott Veerkamp / Predatory Lending  (Franklin Township School Board Member.)

Please review this information from U.S. Senator Jeff Merkley regarding deceptive lending practices:
&quot;Steering payments were made to brokers who enticed unsuspecting homeowners into deceptive and expensive mortgages.  These secret bonus payments, often called Yield Spread Premiums, turned home mortgages into a SCAM.&quot;

The Center for Responsible Lending says YSP &quot;steals equity from struggling families.&quot;    
1. Scott collected nearly $10,000 on two separate mortgages using YSP and junk fees. 2. This is an average of $5,000 per loan. 3. The median value of the properties was $135,000.  4. Clearly, this type of lending represents a major ripoff for consumers.

http://merkley.senate.gov/newsroom/press/release/?id=A09C6A80-537A-4EB1-83C5-31925F046B6F</description>
		<content:encoded><![CDATA[<p>Predatory Lending is a major contributor to the economic turmoil we are currently experiencing.</p>
<p>Here is an example of what I am talking about:<br />
Scott Veerkamp / Predatory Lending  (Franklin Township School Board Member.)</p>
<p>Please review this information from U.S. Senator Jeff Merkley regarding deceptive lending practices:<br />
&#8220;Steering payments were made to brokers who enticed unsuspecting homeowners into deceptive and expensive mortgages.  These secret bonus payments, often called Yield Spread Premiums, turned home mortgages into a SCAM.&#8221;</p>
<p>The Center for Responsible Lending says YSP &#8220;steals equity from struggling families.&#8221;<br />
1. Scott collected nearly $10,000 on two separate mortgages using YSP and junk fees. 2. This is an average of $5,000 per loan. 3. The median value of the properties was $135,000.  4. Clearly, this type of lending represents a major ripoff for consumers.</p>
<p><a href="http://merkley.senate.gov/newsroom/press/release/?id=A09C6A80-537A-4EB1-83C5-31925F046B6F" rel="nofollow">http://merkley.senate.gov/newsroom/press/release/?id=A09C6A80-537A-4EB1-83C5-31925F046B6F</a></p>
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		<title>By: Adam</title>
		<link>http://www.onebigdog.net/obama-lectures-on-fiscal-responsibility-then-spends-too-much/comment-page-1/#comment-147647</link>
		<dc:creator>Adam</dc:creator>
		<pubDate>Sun, 07 Feb 2010 16:16:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.onebigdog.net/?p=8982#comment-147647</guid>
		<description>So when the CBO says millions of jobs have been created by the stimulus what has been left out?</description>
		<content:encoded><![CDATA[<p>So when the CBO says millions of jobs have been created by the stimulus what has been left out?</p>
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		<title>By: Big Dog</title>
		<link>http://www.onebigdog.net/obama-lectures-on-fiscal-responsibility-then-spends-too-much/comment-page-1/#comment-147644</link>
		<dc:creator>Big Dog</dc:creator>
		<pubDate>Sun, 07 Feb 2010 15:59:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.onebigdog.net/?p=8982#comment-147644</guid>
		<description>The CBO can ONLY score what they are given.  That is the law.

I did not make it up.  Learn what you are talking about.</description>
		<content:encoded><![CDATA[<p>The CBO can ONLY score what they are given.  That is the law.</p>
<p>I did not make it up.  Learn what you are talking about.</p>
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		<title>By: Adam</title>
		<link>http://www.onebigdog.net/obama-lectures-on-fiscal-responsibility-then-spends-too-much/comment-page-1/#comment-147642</link>
		<dc:creator>Adam</dc:creator>
		<pubDate>Sun, 07 Feb 2010 15:53:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.onebigdog.net/?p=8982#comment-147642</guid>
		<description>&quot;You are, unfortunately, unable to see this or accept this even though it is absolutely correct.&quot;

When I cite CBO reports they contain sometimes pages of sources and info on how they arrive at their results.  It has nothing to do with what Congress gives or doesn&#039;t give them. You have just made that up completely and you know it.</description>
		<content:encoded><![CDATA[<p>&#8220;You are, unfortunately, unable to see this or accept this even though it is absolutely correct.&#8221;</p>
<p>When I cite CBO reports they contain sometimes pages of sources and info on how they arrive at their results.  It has nothing to do with what Congress gives or doesn&#8217;t give them. You have just made that up completely and you know it.</p>
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		<title>By: Big Dog</title>
		<link>http://www.onebigdog.net/obama-lectures-on-fiscal-responsibility-then-spends-too-much/comment-page-1/#comment-147639</link>
		<dc:creator>Big Dog</dc:creator>
		<pubDate>Sun, 07 Feb 2010 15:46:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.onebigdog.net/?p=8982#comment-147639</guid>
		<description>Oh sure, experts at the CBO.  Obama is the only person to do this even though the law requires it.  CBO has NEVER been correct because they are only given what the Congress wants scored.  COngress leaves things out to get the numbers they want.

You are, unfortunately, unable to see this or accept this even though it is absolutely correct.

If I ran the budget then it would be balanced.

It is not as simple as a family budget because in a family budget family members do not keep adding pork and they do not expect others to pay for it.  Family budgets would be really bad if we added pork and spent someone else&#039;s money.

In Congress they are not spending their money, they are spending the money of the taxpayer.  They add pork and they keep spending because they do not care.  It is not their money.

You complain about the wars and other things but you think it was great that Obama signed legislation with more than 10,000 items of pork in them.

I would veto all of them.</description>
		<content:encoded><![CDATA[<p>Oh sure, experts at the CBO.  Obama is the only person to do this even though the law requires it.  CBO has NEVER been correct because they are only given what the Congress wants scored.  COngress leaves things out to get the numbers they want.</p>
<p>You are, unfortunately, unable to see this or accept this even though it is absolutely correct.</p>
<p>If I ran the budget then it would be balanced.</p>
<p>It is not as simple as a family budget because in a family budget family members do not keep adding pork and they do not expect others to pay for it.  Family budgets would be really bad if we added pork and spent someone else&#8217;s money.</p>
<p>In Congress they are not spending their money, they are spending the money of the taxpayer.  They add pork and they keep spending because they do not care.  It is not their money.</p>
<p>You complain about the wars and other things but you think it was great that Obama signed legislation with more than 10,000 items of pork in them.</p>
<p>I would veto all of them.</p>
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