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matthjensen | 8 years ago

I am equally concerned by the application of secret simulation models by organizations like the Congressional Budget Office for fiscal policy decision making. Our legislators rely on models that even they do not have access to when writing spending and tax laws.

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creaghpatr|8 years ago

The CBO estimations compared to the actuals speak for themselves.

I find it hilarious when venture capitalists cite CBO forecasts on twitter when, in the real world, if you brought that kind of data into a startup pitch it would get laughed out of the room.

https://www.forbes.com/forbes/welcome/?toURL=https://www.for...

^I don't mean to pick on the ACA either this applies to virtually all CBO estimations.

xxpor|8 years ago

Because it turns out that the modeling the CBO has to do is WAY harder than what your typical startup has to worry about.