I think it helps to also put the CBO report into proper perspective. The director of the CBO is appointed by the Speaker of the House of Representatives and President pro tempore of the Senate, in this case Nancy Pelosi and Daniel Inouye, respectively. Needless to say, both Pelosi and Inouye are strong supporters of the Dream Act.
I would suspect that the CBO director and his staff of minions would like nothing more than to keep their jobs this winter, and consequently they'll need to keep both Nancy and Daniel happy. I doubt seriously that anything published by the CBO would frown upon the King and Queen
.
For the most part cost estimating is really nothing more than crystal ball gazing. In this case the crystal balls of Nancy and Daniel. Not exactly the best crystal balls to be gazing into. I would also suspect that the CBO is like any other appointed government agency. It's a puppet to be used for those who pull it's strings.
Ideally, there should be two congressional cost estimates for any bill. One estimate coming from each side of the table. The true costs for legislation will most likely be found somewhere in the middle.
However, the real issue is not whether the CBO cost estimates will prove to be accurate or if the Dream Act will help reduce Government deficits. I doubt it will. But rather that we've elected politicians to represent us who are more than willing to reward lawlessness in exchange for quick Government and political "enrichment" (if there is any). This speaks volumes to our character.
Pro 28:20 A faithful man shall abound with blessings: but he that maketh haste to be rich shall not be innocent.