Tag Archives: CBO

The President is Crushing the Budget Deficit

Posted on March 19, 2012 at 1:05 pm by Bob Cesca

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

Posted on March 19, 2012 at 9:21 am by Bob Cesca

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

The Stimulus Worked

Posted on February 23, 2012 at 7:37 am by Bob Cesca

And the Republicans are lying about it: The Congressional Budget Office said Wednesday that President Obama’s 2009 stimulus package continues to have a significant effect. The bill raised fourth-quarter 2011 gross domestic product by as much as 1.5 percent, it … Continue reading →

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

Jackpot 2012

Posted on February 6, 2012 at 8:00 pm by JM Ashby

Artist – Chris Weyant In other news, Fucks Fox and Friends is convinced the Department of Labor, and by extension the Congressional Budget Office, are “cooking the books” on the economy because they work for President Obama now. Fox is … Continue reading →

Posted in Open Thread | Tagged , , , , , , | 11 Comments

The Deficit Shrinks Again Under President Obama

Posted on February 1, 2012 at 3:00 pm by JM Ashby

According to the Congressional Budget Office (CBO), the supposed out of control spending of the Obama Administration is actually in control and will shrink another $200 billion in 2012. The Congressional Budget Office said yesterday it expects this year’s gap … Continue reading →

Posted in Economy | Tagged , , , , , | 1 Comment

Out of Control Spending!

Posted on January 31, 2012 at 3:30 pm by JM Ashby

Well, not really. According to a new report from the Congressional Budget Office (CBO), ending the Iraq war and winding down in Afghanistan will save over three quarters of a trillion dollars over the next 10 years. Budgetary savings from … Continue reading →

Posted in Economy | Tagged , , , , , , | 7 Comments

The “Failed” Stimulus is Still Working

Posted on December 15, 2011 at 5:00 pm by JM Ashby

More than a year after the American Recovery and Reinvestment Act (the stimulus) came to end, it’s still having a positive impact on the national economy, according to a new report from the Congressional Budget Office. Estimates of ARRA’s Impact … Continue reading →

Posted in Economy, Uncategorized | Tagged , , , , | 4 Comments

The Stimulus Was Better Than We Expected

Posted on November 22, 2011 at 6:15 pm by JM Ashby

According to the Congressional Budget Office, the American Recovery and Reinvestment Act has been more beneficial for the economy than previous estimates indicated, and the lingering effects of it can still be seen more than one year after it ended. … Continue reading →

Posted in Economy | Tagged , , | 9 Comments

Grasping at Straws

Posted on November 10, 2011 at 6:30 pm by JM Ashby

According to Senator John Cornyn (R-TX), the real reason we cannot afford, literally, to repeal the Defense of Marriage Act, which the Department of Justice has labeled unconstitutional, is because it simply costs too much. “Repealing the Defense of Marriage … Continue reading →

Posted in LGBT | Tagged , , , , , | 4 Comments

The “Non-Payer” Tax Myth

Posted on November 9, 2011 at 2:40 pm by JM Ashby

The Congressional Budget Office (CBO) recently released a report detailing the distribution of income and taxation between 1979 and 2007 that, once again, dispels the conservative myth that half of the country pays no taxes. Chuck Marr of the Center … Continue reading →

Posted in Economy | Tagged , , , , , | 2 Comments