CBO and the Stimulus

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There are few people who understand the intricacies of federal spending better than Scott Lilly, the former staff director of the House Appropriations Committee who is now a senior fellow at the Center for American Progress. (Indeed, we have quoted him here in the past.) Here’s what he has to say about the unofficial Congressional Budget Office analysis that has become the center of a controversy over just how quickly the money from Barack Obama’s stimulus plan would be spent–and a subject of much chat among our Swampland commenters today.