Dynamic Scoring's Deficit

Now what will the tax cut cult try?

They finally got their wish and the Congressional Budget Office tried dynamic scoring the federal deficits away.

But it did not work. As this Washington Post editorial explains:

Now the CBO has tried it their way -- and the administration's contention that the country will magically "grow its way" out of deficits as it cuts taxes still turns out to be more or less a fairy tale. The CBO, headed by new director Douglas Holtz-Eakin, who arrived straight from the White House Council of Economic Advisers, analyzed President Bush's tax and spending proposals using various models to forecast the overall effect on the economy. The report -- the CBO's first foray into dynamic analysis -- showed "small" supply-side effects, "either positive or negative," from Mr. Bush's budget. Its models indicated that the proposals would raise -- or, in most scenarios, lower -- economic growth by less than a percentage point on average in the next 10 years.

Mr. Holtz-Eakin may want to update his resume.

We know, after all, how much President Bush appreciates it when his economic assumptions are not backed by his appointees. Evidence or not, such contradictions are simply not tolerated.