Donald B. Marron is a visiting professor at the Georgetown Public Policy Institute and writes about economics, finance, and life at dmarron.com. In 2006, he served as acting director of the Congressional Budget Office.

Everyone should be much more cautious when spinning the cost estimate for the Democrats’ bill. Former CBO acting director Donald B. Marron on the variables and asterisks involved. Plus, Benjamin Sarlin talks to more past CBO chiefs about the agency’s accuracy.