Earl Pomeroy: “I participated in hearings on the concept of dynamic scoring and acknowledge... we simply do not have the tools, the…”

“I participated in hearings on the concept of dynamic scoring and acknowledge... we simply do not have the tools, the ability at the present time to reasonably quantify in a way that would give anyone the certainty required under this deficit picture that we should move toward a more dynamic process; is that correct? Mr. Greenspan's response: On the broader question of can we effectively create an economic model which fully captures all the effects of a specific policy action, I would say to you, not in our lifetime.”