Grist.org, June 17, 2009 by Daniel Farber
http://www.grist.org/article/2009-06-18-cbo-report-waxman-tell-us/
Actually, the CBO report tells us virtually nothing about the economic costs of the bill or how much consumers will lose out of pocket. In fact, the way most people understand the idea of a budget deficit, it doesn’t really say much about that either. CBO’s analysis is based on some very technical accounting that can easily be misinterpreted. In particular, CBO treats the issuance of free carbon allowances quite differently than most people would expect.