Tag Archives: CBO

Kill It With Fire

Posted on May 18, 2013 at 4:00 pm by JM Ashby

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

Posted on May 15, 2013 at 3:30 pm by JM Ashby

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!

Posted on May 14, 2013 at 3:30 pm by JM Ashby

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

Posted on February 20, 2013 at 2:00 pm by JM Ashby

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!

Posted on February 5, 2013 at 5:00 pm by JM Ashby

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

Posted on January 3, 2013 at 11:54 am by Bob Cesca

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

Posted on October 9, 2012 at 1:30 pm by JM Ashby

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.”

Posted on October 7, 2012 at 3:49 pm by Bob Cesca

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

Posted on July 24, 2012 at 8:00 pm by JM Ashby

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

Posted on May 8, 2012 at 2:45 pm by JM Ashby

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