FACT CHECK: SENATOR ONCE AGAIN MISTAKENLY CITES CBO
Majority Whip Attributes Savings Analysis To CBO When The Actual Source Is The Majority Leader's Office
SEN. DICK DURBIN (D-IL): "This Bill Alone Will Save The Federal Government ..." $650 Billion [From 2020-2029]. "And the Congressional Budget Office took a look at this bill, took a year to prepare it and said it is the biggest deficit cutter in the history of the United States. Because over 10 years, this bill alone will save the federal government $130 billion and over the next 10 years, $650 billion." (Sen. Durbin, Floor Remarks, 12/18/09)
WHAT CBO ACTUALLY SAID: "A Detailed Year-By-Year Projection For Years Beyond 2019… Would Not Be Meaningful"
CBO: "A Detailed Year-By-Year Projection For Years Beyond 2019, Like Those That CBO Prepares For The 10-Year Budget Window, Would Not Be Meaningful Because The Uncertainties Involved Are Simply Too Great." (CBO Director Doug Elmendorf, Letter To Sen. Harry Reid, 11/18/09, P.14)
SO WHO IS THE SOURCE OF THIS $650 BILLION CLAIM?
"Reid's Office Said The Bill Could Reduce The Deficit By $650 Billion In Its Second 10 Years." ("Harry Reid's Plan Ups Pressure On Moderates," Politico, 11/18/09)
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