Washington Post Discovers that CBO Is Not God

The Washington Post is widely known as the newspaper that uses both its opinion and news pages to constantly tell readers that we have to cut Social Security and Medicare spending because the Congressional Budget Office (CBO) predicts big deficits 10, 20, or 30 years in the future. That is why it was extraordinary to see an article in the Sunday paper telling readers that CBO is often wrong and that its scores may not always be the best basis for policy decisions.

The central theme of the pi...