On the recordJuly 26, 2017
Mr. Chairman, I thank my esteemed colleagues for raising the issue, but it is more an issue of accuracy than anything else. As we look at this, Mr. Chairman, it is real easy to look at CBO and realize that they are the one group that makes a weatherman's 10-day forecast look accurate. They consistently miss it all the time. When you look at the 2002 farm bill, they missed it by $137 billion. The 2008 farm bill, they missed by $309 billion. Eventually, it adds up to real money. But even with that, let's look at the sale of 64 million barrels of oil from the Strategic Oil Reserve. They actually said that there is no income from that and that it costs the government to get rid of 64 million barrels of oil. What kind of analysis does that? So if my friend opposite wants to debate this over the accuracy, I welcome it. Mr. Chair, it is time that we deal with this.
