RUSH: Look, the CBO said, if you must know, that the Ryan-Trump repeal-and-replace plan would save over $337 billion in 10 years. That’s right. They say that this will reduce the deficit by $337 billion in 10 years and that it would bring down the cost of premiums at least 10%. If that’s the price tag… I think all of that, frankly, is BS, folks. I don’t think anybody can possibly know what this is gonna be in 10 years because they don’t dynamically score this! It’s meaningless what the CBO says, except in terms of making it livable or unlivable to members of Congress.
But it doesn’t have one thing to do with reality, because they don’t score it dynamically. In other words, they don’t calculate what the impact of the changes will be on the way people live. And the best example I can give you of what I mean by dynamic-versus-static scoring, is CBO can only use the numbers they are given by people who write the legislation. That’s all they can do. So if the bill has a tax cut in it and if writers of the bill say, “We’re gonna cut taxes a half a trillion dollars, $500 billion over 10 years,” the CBO then subtracts $500 billion from the federal Treasury in 10 years, because the tax cut, well, they’re taking money away.
But what happens when you cut taxes? You often end up with more revenue. When you cut taxes, you happen to spur economic growth. When you cut taxes, you generally have new jobs created, and you generally have, then, more taxpayers, which is how you have additional tax revenue. The CBO doesn’t do any of that. In the CBO’s world, a tax cut automatically means the government loses whatever that amount of money is. A tax increase, by the same token, the government automatically gains that kind of money.
Well, let’s look at it that way. Let’s say this piece of legislation has $500 billion of tax increases in it. Well, only if people pay it. What if the tax increases result from behavior, such as a mandate to have health insurance? What about the people that say, “Screw you! I am not doing that!” Well, we got a fine mechanism over there and the CBO counts what that money is. They have no idea what effect… Well, they do not calculate — they don’t even try to calculate — the impact of a tax increase. They just assume everybody’s gonna pay it.
They just assume in a tax cut, everybody’s gonna get it. They do not — even with gazoons and gazoons of years of experience, they never even attempt to — dynamically score it. It’s straight-up-and-down numbers, and 10 years out, how can anybody…? These guys at the National Weather Service couldn’t even forecast where a blizzard was gonna hit 24 hours out, and it was on the map! We saw the blizzard!