President Biden previously touted the nonpartisan Congressional Budget Office (CBO) as the “gold standard” – but now his White House is trying to undermine it.
While serving as vice president in the Obama administration, Biden said in an interview with Larry King that the nonpartisan legislative budget scorer is the “gold standard” when it comes to their work.
In fact, the president said that no members of either party call into question the CBO’s reports.
“I don’t know one single serious econometric model, from the conservative to the liberals, who would acknowledge anything other than we created a minimum of 1.6 million jobs to – and the estimates from the CBO, which is really a, as you know, the gold standard – no Republican or Democratic questions it – that say we created or saved over two million jobs,” Biden said to King in a 2010 interview on jobs and the economy.
The nonpartisan CBO impartially studies the economic impact of legislation proposed to Congress and assigns bills a score.
White House press secretary Jen Psaki had taken shots at the previous administration for its treatment of the CBO score.
“Watching Mullaney try to walk away from CBO score and explain budget outline is awkward and uncomfortable to watch,” Psaki tweeted in 2017 in reference to Mick Mulvaney, then director of the Office of Management and Budget.
