How Congress underwrites the models that trap American policymaking
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Dear reader,

Making policy invariably means trying to predict the future,
which is why legislators rely on models to help forecast the impacts of
their decisions. But when the budget model that dominates policymaking
is wrong, it limits policymakers' ability to take action on the crises
that affect the American people.

Today in the Prospect, Philip Rocco investigates the immense power the
Congressional Budget Office's economic projections have
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in Washington, and how Congressional reliance on the CBO prevents
legislators from addressing urgent policy needs. As Rocco writes, to
build better models, we may have to build better politics.

You can read the full article here >>
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READ MORE >>
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This article is part of our special April print issue on economic
modeling. We will be rolling out the rest of the issue over the coming
days. Click here to read the entire April 2023 issue as it is
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