I think people back home get all mixed up when we are talking about CBO, Congressional Budget Office, or OMB, Office of Management and Budget. That is the administration's predictors of economics. But I try to explain it to them this way: you have to work from the same set of books using the same accounting system in order to understand where you are both at. You cannot use one type of accounting system and a different accounting system and come to an agreement. That is why it was so important and why I was hopeful for a period of time, when the President first agreed to doing this, that he would actually put his numbers there, that we would be comparing them apples to apples and not apples to oranges.
Greg Ganske: “I think people back home get all mixed up when we are talking about CBO, Congressional Budget Office, or OMB, Office of…”
Editor's note · Context
Discussing the importance of consistent accounting systems in budget analysis.
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