Tag Archives: CBO

Out of Control Spending

Actually, the federal government had a significant budget surplus during the month of April; the largest since 2008. WASHINGTON (MarketWatch) — The federal government had a budget surplus of $114 billion in April, the Congressional Budget Office estimated Wednesday. That … Continue reading
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Posted in Economy | Tagged , , | 8 Comments

Medicaid Expansion Will Cost States Even Less Than Expected

From the Center on Budget and Policy Priorities: CBO now estimates that the federal government will, on average, pick up more than 95 percent of the total cost of the Medicaid expansion and other health reform-related costs in Medicaid and … Continue reading
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Posted in Healthcare | Tagged , , , | 9 Comments

Deficit Falls for a Fifth Year in a Row

According to the Congressional Budget Office, the federal budget deficit for 2014 will be nearly $200 billion less than 2013, falling from $680 billion to $492 billion thanks in part to record tax revenue. via Bloomberg “This will be the … Continue reading
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Posted in Open Thread, Taxes | Tagged , , | 4 Comments

GOP Bill to ‘Save American Workers’ Would Actually Strip Healthcare from a Million Workers, the CBO Reports

The Republican battle against the Affordable Care Act just can’t catch a break. First, the website is repaired and currently runs quite well. Then we find out that millions of uninsured Americans signed up for a plan, with millions more … Continue reading
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Posted in Healthcare, The Daily Banter | Tagged , | Leave a comment

Job Killers

Artist – Kevin Siers In other news, South Carolina Republicans have voted to withdraw $70,000 in funding from two public colleges because two books based on gay people appeared on freshman reading lists. After the vote state lawmakers could be … Continue reading
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Posted in Education, Jobs, LGBT, Open Thread, South Carolina | Tagged , | Leave a comment

The All New GOP Lie About Obamacare, the CBO and Jobs

After last week’s hilarious GOP disinformation campaign about the Congressional Budget Office’s (CBO) report on the economic impact of the Affordable Care Act, the Republicans have changed gears to an all new disinformation campaign about the report. To recap: the … Continue reading
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Posted in Healthcare, The Daily Banter | Tagged , , | 5 Comments

CBO: Obamacare Will Cost Hundreds of Billions of Dollars Less Than Projected

Rick Ungar at Forbes brings the good news: Amidst the dark skies of the Healthcare.gov launch, some daylight may finally be emerging with respect to one of the critical goals of the Affordable Care Act—bending the cost curve of America’s … Continue reading
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Posted in Healthcare | Tagged | 5 Comments

CBO: Senate Immigration Bill May Reduce Illegal Immigration By Half

From the Associated Press WASHINGTON (AP) — Comprehensive immigration legislation passed by the Senate would reduce illegal immigration into the U.S. by one-third to one-half beyond what would happen under existing law, the Congressional Budget Office said Wednesday. That’s a … Continue reading
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Posted in Congress, Immigration | Tagged , | Leave a comment

Kill It With Fire

Based on the latest findings from the Congressional Budget Office, the president’s latest budget proposal may signal an end to the “balanced approach” he has advocated for the past several years as it relies primarily on new taxes to reduce … Continue reading
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Posted in Economy, President Obama | Tagged , , , | 4 Comments

Been There, Done That

The Congressional Budget Office informed House Republicans today that they will not score their 37th attempt to repeal Obamacare because it simply doesn’t blow their skirt up anymore. Well, not exactly, but they more or less don’t have time for … Continue reading
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Posted in Congress, Healthcare | Tagged , , | 2 Comments

Out of Control Spending!

According to the Congressional Budget Office (CBO) the federal deficit is shrinking faster than anyone anticipated is now 24 percent lower than previous projections. If the current laws that govern federal taxes and spending do not change, the budget deficit … Continue reading
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Posted in Economy | Tagged , , | 5 Comments

Obamacare is Working

Projections for Medicare spending between 2011 and 2020 have fallen by $500 billion. From the Center on Budget and Policy Priorities: CBO has reduced its projections of Medicare spending in response to a pattern of very low spending growth in … Continue reading
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Posted in Healthcare | Tagged , , , | 4 Comments

Out of Control Spending!

Well, not really. According to the Congressional Budget Office, the federal government is projected to run a deficit of just $845 billion in 2013. Furthermore, the deficit in 2014 may be as low as $616 billion. The federal government will … Continue reading
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Posted in Economy | Tagged , , | Leave a comment

About that $4 Trillion Deficit

A quick word about this: The CBO determined Tuesday that the package, hammered out late Monday evening by Vice President Biden and Senate Minority Leader Mitch McConnell (R-Ky.), would — over the next decade — come with a $3.9 trillion … Continue reading

Posted in Economy | Tagged , , , , | 5 Comments

U.S. Debt At Lowest Level Since 2006

According to a new report from Bloomberg, U.S. debt is now at it’s lowest level since 2006. Total indebtedness including that of federal and state governments and consumers has fallen to 3.29 times gross domestic product, the least since 2006, … Continue reading

Posted in Economy | Tagged , , , | 9 Comments

Repeat This: “Obama Cut the Deficit by $300 Billion.”

I know it’s a risk to bring up the deficit when it’s still above one trillion, but considering how Romney has been repeatedly accusing the president of “doubling the deficit,” when in fact the CBO report from Friday proves that … Continue reading

Posted in Election 2012 | Tagged , , , , , | 18 Comments

Keeping America Safe

Artist – Keith Knight In other news, according to the Congressional Budget Office, the Supreme Court’s recent decision could lower the cost of the Affordable Care Act by $84 billion, but this comes at the cost of millions losing healthcare … Continue reading

Posted in Open Thread | Tagged , , , , , , | 1 Comment

Taking Food From Children

The New York Times offers more details on the bill, aimed at preventing automatic-cuts to the Pentagon, advanced by House Republicans yesterday which, among other things, would impose a massive cut to Meals on Wheels. The Congressional Budget Office estimated … Continue reading

Posted in Economy | Tagged , , , , , | 5 Comments

The President is Crushing the Budget Deficit

The CBO is projecting that the president’s new budget would crush the deficit to almost zero by 2017. Via Kevin Drum, here’s the chart. Also, please note the “actual” side of the chart showing that the deficit has gone down … Continue reading

Posted in Economy | Tagged , , , , | 11 Comments

Far-Right Lied About CBO Healthcare Report

The other day I received a tweet from a far-right reader who accused me of being a “lying crook” for supporting the healthcare reform law, and, in the same tweet, the guy cited this item from the Washington Examiner insisting … Continue reading

Posted in Healthcare | Tagged , , , | 6 Comments