Keyword: cbo

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  • It’s Working: The CBO Projections For Obamacare Enrollment Were Way Off…Like By Millions

    03/20/2017 6:35:36 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | March 20, 2017 | Matt Vespa
    While the Congressional Budget OfficeÂ’s projections on the GOP Obamacare replacement bill have rattled the ranks of the moderate Republican faction in the House, letÂ’s also not forget that this agency is flawed as well. Yes, the fact that premiums wonÂ’t be curbed and that over 20 million more Americans probably wonÂ’t have health insurance by 2020 isn't good. ItÂ’s one of the reasons why moderate GOP lawmakers have started to run for the hills, but letÂ’s not forget that the CBO also projected that 24 million people would be signed up for Obamacare by 2017. As Ali Meyer at...
  • The CBO Score, Patients Losing Insurance Coverage and Other Myths of This Healthcare Debate

    03/20/2017 6:45:34 AM PDT · by Kaslin · 1 replies
    Townhall.com ^ | March 20, 2017 | Hal Scherz
    There are problems with the debate over healthcare and “reforming” it. The first is that the Progressive Left has defined the terms under which we discuss healthcare. The second is that the GOP is terrible at messaging their solutions. Examine the CBO claim that 24 million people will lose health insurance coverage under the American Health Care Act (AHCA). The only way that people lose their coverage is if the government is giving it to them. Let this sink in. That logic may be true for the greater than 50% of healthcare already being provided through Medicare, Medicaid, CHIP, VA...
  • CBO’s Alternate Facts about Obamacare: Congress should set policy based on reality, not speculations

    03/16/2017 11:41:39 AM PDT · by SeekAndFind · 2 replies
    National Review ^ | 03/16/2017 | Doug Badger
    Millions may lose coverage next year if Congress does not repeal Obamacare. That’s not what this week’s Congressional Budget Office (CBO) analysis says, but it is reality. CBO’s estimating models seem impervious to reality. In the real world, the Obamacare exchanges are in crisis, millions of uninsured people willingly pay or avoid IRS penalties, and consumers struggle with rising premiums and cost-sharing requirements. But for CBO, Obamacare is a sea of tranquility. The agency assumes that only 26 million people under the age of 65 will be uninsured this year and next if Obamacare is left in place. To...
  • CBO Takeaway: Full Repeal Would Insure More People than ObamaCare-Lite

    03/15/2017 11:07:42 AM PDT · by TBP · 6 replies
    Foundation for Economic Education ^ | March 15, 2017 | Michael F. Cannon
    A new Congressional Budget Office report projecting the effects of the House Republican leadership’s American Health Care Act weakens the case for the bill’s ObamaCare-lite approach, and strengthens the case for full repeal. The CBO projects that over the next two years, the AHCA would cause average premiums to rise 15 percent to 20 percent above ObamaCare’s already high premium levels. The report raises the prospect that insurance markets may collapse under the AHCA, just as they are collapsing under ObamaCare. It makes unreasonable assumptions about Medicaid spending; more reasonable assumptions could completely eliminate the bill’s projected deficit reduction. Finally,...
  • Things You Should Never Believe

    03/15/2017 6:40:07 AM PDT · by NOBO2012 · 12 replies
    Michelle Obama's Mirror ^ | 3-15-2017 | MOTUS
    A new game: It’s called Things You Should Never Believe. And why can you never believe them? Because they are always bogus, which is to say, they lie.1. CBO - The Congressional Budget Office; they lie regardless of which party is in power and cannot be trusted to be anything remotely close to accurate. Remember when they scored the Affordable Care Act? Health Reform: Remember when Democrats were promising that ObamaCare would cut the deficit by $1 trillion in its second decade? Turns out they were off by, well, about $1 trillion. And even that’s assuming that: ObamaCare's extraordinarily deep...
  • Things You Should Never Believe

    03/15/2017 6:36:42 AM PDT · by NOBO2012
    Michelle Obama's Mirror ^ | 3-15-2017 | MOTUS
    At 7:36 pm Tuesday night, Rachel Maddow tweeted “BREAKING: We've got Trump tax returns. Tonight, 9pm ET. MSNBC. (Seriously),” sending the internet into a frenzy of theorizing. Did Maddow have Donald Trump’s tax returns or just one of the Trumps’ tax returns? Could this be it, the tax return that would bring down the Donald? If this was it, why wasn't MSNBC cutting into its programming, instead of running a countdown clock to Maddow’s show? By 8:24, Maddow was tweeting that the tax return in question was Donald Trump’s 1040 from 2005. By 8:30, still half an hour before Maddow...
  • CBO: Full Repeal of Obamacare Insures MORE Americans than Ryan’s Obamacare-lite Plan

    03/14/2017 4:16:41 PM PDT · by cotton1706 · 46 replies
    Breitbart.com ^ | 3/14/17 | Sean Moran
    According to Congressional Budget Office (CBO) projections, a full repeal of Obamacare would insure more Americans than Speaker Paul Ryan’s Obamacare-lite reforms. The CBO’s analysis on the Republican leadership’s plan to repeal Obamacare predicts it would drop insurance for 14 million people in 2018, while 24 million would lose insurance by 2026. Compared to these figures, the CBO’s research on the 2015 full repeal bill indicated it would insure more Americans than the Ryan plan. Phillip Klein, managing editor of the Washington Examiner, stated that despite the Ryan plan doling out billions of dollars in tax credits, the plan also...
  • OMB Director Mick Mulvaney makes mincemeat of CBO scoring of health care plan

    03/14/2017 12:30:23 PM PDT · by governsleastgovernsbest · 20 replies
    Legal Insurrection ^ | Mark Finkelstein
    If you haven’t seen OMB Director Mick Mulvaney in action, do yourself a favor and watch the video here. On today’s Morning Joe, Mulvaney showed himself to be smart, well-spoken, undefensive and down-to-earth as he systematically demolished Mika’s, and by extension, the CBO’s, claims about the Trump admin’s health care proposal. Before Mulvaney appeared, the panel had engaged in extended hand-wringing over the loss of coverage that the CBO has projected. Mulvaney made three telling points: View the video here.
  • Don't Trust Those CBO Health Care Numbers

    03/14/2017 3:42:47 AM PDT · by IBD editorial writer · 12 replies
    Investor's Business Daily ^ | 3/13/2017 | Staff
    Health Reform: Democrats are no doubt gleeful that the Congressional Budget Office says the Republican health plan would leave 24 million more people uninsured by 2026. But there's no reason to rely on the CBO, since they were wildly off the mark in predicting how well ObamaCare would work. Shortly before President Obama signed ObamaCare into law, the CBO announced its findings that the health reform would cut the deficit in the first decade by a modest $119 billion, and possibly slash them by a trillion dollars in the second decade. The CBO also predicted that 23 million people would...
  • Trump administration disagrees with CBO report on health care

    03/13/2017 9:35:28 PM PDT · by Innovative · 89 replies
    Fox News ^ | March 13, 2017 | Fox News
    The Trump administration on Monday lashed out at the Congressional Budget Office’s report that estimated that about 24 million more Americans in a few years would be uninsured under the new legislation. The bill, called the American Health Care Act, would be “less generous” with new tax credits for those receiving subsidies under the current law and the plan would likely increase average premiums in the nongroup market until 2020. Tom Price, the Health and Human Services secretary, downplayed the report and said, “we disagree strenuously with the report that was put out. It’s just not believable is what we...
  • CBO: AHCA saves $337B on deficit spending, but increases uninsured by 14 million in 2018

    03/13/2017 9:31:31 PM PDT · by SeekAndFind · 42 replies
    Hotair ^ | 03/13/2017 | Ed Morrissey
    Republicans in the House and Senate wanted to see a score from the Congressional Budget Office on the American Health Care Act before casting a vote either way. The CBO obliged today, giving AHCA backers good news for budget hawks, but potentially bad news on the political front. Despite assurances that the effort would not leave Americans behind, CBO estimates that fourteen million Americans would be added to the rolls of the uninsured, while the AHCA saves the federal government $337 billion in deficit spending over the next decade: CBO and JCT estimate that enacting the legislation would reduce...
  • CBO conforms: Full repeal of Obamacare is the ONLY way forward

    03/13/2017 6:17:55 PM PDT · by 198ml · 52 replies
    Conservative Review ^ | 3/13/17 | Daniel Horowitz
    Just as we predicted, the Congressional Budget Office (CBO) has released a report demonstrating that the “too-clever-by-half” approach of RINOcare will result in the worst possible outcome for insurance prices and coverage numbers. It’s clear that by exacerbating the death spiral of the existing failed market before 2020, the political reality will ensure that even the minor reforms implemented to Medicaid and the exchange subsidies in 2020 will never occur. And the disaster will all be blamed on a wrongly-perceived Obamacare repeal bill instead of Obamacare itself. Full repeal is the only solvent way forward.
  • 39.1%: CBO Says U.S. Has Highest Top Statutory Corporate Tax Rate in G20

    03/10/2017 4:06:25 AM PST · by Olog-hai · 8 replies
    Cybercast News Service ^ | March 9, 2017 | 9:36 AM EST | Terence P. Jeffrey
    The United States has the highest top statutory corporate tax rate—39.1%—of any nation in the G20, according to a study released Wednesday by the Congressional Budget Office. That rate is nearly twice as high as the 20-percent rate in Russia, which, along with Saudi Arabia and Turkey, has the lowest statutory corporate tax rate in the G20. The U.S. won the top spot on the statutory-corporate-tax-rate list after Japan and Germany, which formerly ranked first and second, cut their rates. “The United States made no change in federal corporate tax rates between 2003 and 2012,” said the CBO, “and by...
  • New study: Trump to inherits $559B deficit, stable economy [says CBO]

    01/24/2017 7:33:13 AM PST · by Olog-hai · 24 replies
    Associated Press ^ | Jan 24, 2017 10:16 AM EST | Andrew Taylor
    Congressional analysts Tuesday projected that President Donald Trump has inherited a stable economy and a government that is on track to run a $559 billion budget deficit for the ongoing budget year. The new estimates from the nonpartisan Congressional Budget Office say the economy will hold relatively steady, with economic growth rising slightly to 2.3 percent this year and unemployment averaging less than 5 percent for the duration of Trump’s term. Trump is promising higher growth as his administration curbs regulations, overhauls the tax code, and repeals the Affordable Care Act, former President Barack Obama’s signature accomplishment. …
  • The Congressional Budget Office has some bad news for Obamacare repealers

    12/29/2016 10:50:33 AM PST · by Ernest_at_the_Beach · 38 replies
    Yahoo [Vox.com] ^ | December 28, 2016 | Sarah Kliff Vox.com
    The Congressional Budget Office has stepped into the Obamacare repeal fight, issuing a fierce warning to Republicans in the form of … a sternly worded blog post. CBO is the government’s nonpartisan scorekeeper, the agency that tells Congress how much new programs cost and who they’ll cover. This is important, because in principle you could provide insurance coverage to everyone while spending practically nothing if you were willing to make the insurance totally worthless.
  • CBO backs off plan to tax cars by the mile

    12/11/2016 7:20:24 AM PST · by kevcol · 40 replies
    The Washington Examiner ^ | December 9, 2016 | Pete Kasperowicz
    The Congressional Budget Office this week backed away from the idea of taxing cars based on how far they drive in order to boost federal highway taxes, after initially saying the idea is one that could be explored. . . . The Obama administration and others have floated the idea of imposing a tax on vehicle miles traveled tax, or a VMT tax, which would charge people based on how far they drive. And in 2011, CBO put out a report that said this was a "practical" option in light of new technology that makes it easier to track cars...
  • The CBO Looks Ahead to a U.S. Fiscal Disaster

    07/23/2016 5:59:34 AM PDT · by reaganaut1 · 100 replies
    Barron's ^ | July 23, 2016 | THOMAS G. DONLAN
    The American debt problem was almost entirely ignored at the Republican National Convention last week, and we can expect nothing more when the Democrats gather this week. Both parties support the entitlement spending system and the decrepit tax system that fails to support it. They compete on the fiscal side of politics with impossible promises to spend more and tax less. Imagine the U.S. Treasury as an airplane beginning to roll down the runway to take off. For a mile or so, the plane gains no altitude, then the wings start to generate lift. The wheels leave the ground and...
  • ObamaCare Will Cost $136 Bil More, Cover Fewer People Than We Thought, CBO Says

    04/11/2016 3:56:26 AM PDT · by IBD editorial writer · 17 replies
    Investor's Business Daily ^ | 4/8/2016 | Staff
    Health Reform: ObamaCare has been taking lots of hits lately, but a new report from the Congressional Budget Office is a gut punch. It shows that ObamaCare’s outlook has worsened considerably as fewer people sign up and costs rise more than expected.
  • ObamaCare may force employers to pull the plug on millions of health plans, CBO report finds

    03/28/2016 8:22:37 PM PDT · by Olog-hai · 19 replies
    Fox News ^ | March 28, 2016 | (With AP)
    In the latest report to undercut President Obama’s “If you like your health care plan, you can keep it” promise, the Congressional Budget Office projects millions of workers will leave employer-sponsored health plans over the next decade because of ObamaCare. Some will opt to go on Medicaid, but others will be kicked off their company plans by employers who decide not to offer coverage anymore, according to a new CBO report titled, “Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2016 to 2026.” “As a result of the ACA, between 4 million and 9 million fewer people...
  • CBO Misses Its Obamacare Projection by 24 Million People

    03/28/2016 5:17:39 PM PDT · by Nachum · 16 replies
    Three years ago, on the eve of Obamacare’s implementation, the Congressional Budget Office (CBO) projected that President Obama's centerpiece legislation would result in an average of 201 million people having private health insurance in any given month of 2016. Now that 2016 is here, the CBO says that just 177 million people, on average, will have private health insurance in any given month of this year—a shortfall of 24 million people. Indeed, based on the CBO's own numbers, it seems possible that Obamacare has actually reduced the number of people with private health insurance. In 2013, the CBO projected that,...
  • CBO: Millions Will Lose Employer Coverage Due to Obamacare Premium Spikes

    03/27/2016 6:43:34 PM PDT · by MarvinStinson · 50 replies
    pjmedia ^ | MARCH 26, 2016 | RICK MORAN
    The slow-motion implosion of Obamacare continues with the newest report from the Congressional Budget Office foreseeing up to 9 million Americans losing their employer-based insurance coverage over the next decade because of spiking premiums. The Washington Times: Obamacare insurance premiums will leap 6 percent a year over the next decade, and companies will drop millions of employees from their health plans as insurers and employers calibrate their offerings for the new marketplace, the Congressional Budget Office said Thursday. The health law will continue to steadily grow in both cost and coverage, working toward President Obama’s goal of expanding those with...
  • CBO cuts Obamacare enrollment projection

    03/24/2016 6:14:11 PM PDT · by Kaslin · 8 replies
    Hot Air.com ^ | March 24, 2016 | JOHN SEXTON
    The congressional budget office has revised its Obamacare enrollment target for 2016 downward by a million people. This is the second such downgrade the CBO has issued in 2016. The Hill reports: About 12 million people are now expected to have ObamaCare coverage by the end of 2016, according to the nonpartisan budget office. Just three months ago, the office had predicted that 13 million people would have coverage.The latest enrollment estimate is an even steeper drop from the CBO’s estimates from 2015, which predicted 21 million people would have marketplace coverage by this time. The enrollment after the end...
  • Tax Policy Center Releases Flawed And Biased Analysis Of Marco Rubio Tax Cut

    02/12/2016 12:35:18 PM PST · by Citizen Zed · 3 replies
    forbes.com ^ | 2-11-2016 | Ryan Ellis
    The headline you'll read is that the Rubio plan cuts taxes by $6.8 trillion over a decade. This needs to be put in the context of the $42 trillion of revenue the federal government is projected to collect over the next ten years. So it's a big score, but it's not so big when compared to the larger tax revenue picture. Rarely are these two numbers associated, as they always should be. Needless to say, they are not in the TPC report. TPC themselves admit that they lack the capacity to do a macroeconomic analysis of the plan. In other...
  • The $1 Trillion Elephant in the Room

    02/05/2016 11:32:27 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | February 5, 2016 | Gretchen Hamel
    In the midst of the election circus and pageantry, it seems once again fiscal policy issues have taken a backseat. This might not matter if the issue were not of dire importance to Americans and their futures. But on the heels of the new Budget and Economic Outlook released by the Congressional Budget Office (CBO) last week, it has become all too clear that the fiscal issues our country faces are very real and must be dealt with. Every year, this non partisan analysis of our projected debt and deficit published doesn't mince words- the deficit only continues to get...
  • CBO: Obamacare Costs to Increase in 2016 As Millions More Get Subsidized Insurance

    02/03/2016 9:17:16 PM PST · by Olog-hai · 13 replies
    Cybercast News Service ^ | February 2, 2016 | 4:40 PM EST | Barbara Hollingsworth
    Taxpayers will have to shell out an estimated $18 billion more to subsidize Obamacare in 2016 despite lower than expected enrollment in the health care exchanges, according to a forecast by the non-partisan Congressional Budget Office (CBO). In its latest 10-year economic forecast, CBO predicted that 13 million Americans would purchase health insurance through the Obamacare exchanges in 2016, with 11 million of them receiving government subsidies to help pay for their premiums. But that figure is 40 percent lower than the 21 million enrollees CBO predicted last year would sign up. ...
  • CBO Issues Dire Warning on U.S. Government finances

    01/20/2016 5:27:15 PM PST · by Lorianne · 38 replies
    China Money Report ^ | 20 January 2016 | D. Collins
    Government estimates of debt over the next decade have gone from adding $1.5 trillion in debt to $9.4 trillion due to recent tax legislation. That will put the country up over $30 trillion in debt assuming there are no further recessions. This is the decade of no return. Seems blowing up peoples countries and importing their poor and putting them on benefits is no longer working. We have also tried closing all our factories and letting the world scam us out of jobs in the “free trade” system. World’s highest tax rates…not seeming to help either. Cramming people into “universities”...
  • Repealing Obamacare, Defunding Planned Parenthood Would Save $516 Billion Over 10 Years: CBO

    01/05/2016 8:22:41 PM PST · by Olog-hai · 28 replies
    International Business Times ^ | 01/05/16 at 9:03 AM | Elizabeth Whitman
    A bill to repeal major components of the Affordable Care Act that would also defund nationwide healthcare provider Planned Parenthood would reduce the federal deficit by $516 billion over the next 10 years, the Congressional Budget Office said in an estimate published Monday. [...] The bill, dubbed the Restoring Americans' Healthcare Freedom Reconciliation Act, would repeal several requirements vital to Obamacare, including the mandate that requires employers of a minimum size to offer employees health insurance. It would also undo what's known as the individual mandate, which requires all Americans to buy health insurance or pay a hefty fine. Republicans...
  • CBO: ObamaCare repeal bill would reduce deficits by half a trillion dollars over 10 years

    01/05/2016 7:18:03 AM PST · by Kaslin · 9 replies
    Hot Air.com ^ | January 5, 2016 | ED MORRISEY
    Plenty of Americans choose to reject ObamaCare to save themselves a boatload of money. Republicans in Congress believe the US budget should have that choice, and the CBO agrees with them that it would work, too. Their latest analysis of a bill that would repeal the major components of ObamaCare through the reconciliation process concludes that it would reduce federal deficit spending by $516 billion over the first ten years: Legislation to gut most of ObamaCare’s mandates and taxes, known as Restoring Americans' Healthcare Freedom Reconciliation Act, would reduce the deficit by $516 billion over 10 years, according to the...
  • What Do Tax Cuts 'Cost'? Less Than Advertized

    11/16/2015 3:48:50 AM PST · by IBD editorial writer · 11 replies
    Investor's Business Daily ^ | 11/13/2015 | Staff
    Budgets: The next time you hear someone complain about how much a tax cut will "cost" the government, take it with a very large grain of salt. The official scorekeeper of such things is almost always wrong.
  • CBO: ObamaCare Increases Deficit by $1.35 Trillion

    10/28/2015 7:44:29 AM PDT · by xzins · 28 replies
    CFIF ^ | JANUARY 28 2015 | ASHTON ELLIS
    After barely more than a year in operation, ObamaCare is now projected to require more than a trillion dollars in deficit spending over the next decade, according to the new CBO report. Buried in a new report by the Congressional Budget Office is the latest admission that ObamaCare was sold on a foundation of lies. Back in 2009, President Barack Obama told a joint session of Congress that “our health care system is placing an unsustainable burden on taxpayers.” “Put simply, our health care problem is our deficit problem. Nothing comes close. Nothing else.” The president’s speech was designed to...
  • US government records $51.8 billion budget surplus in June

    07/13/2015 12:16:11 PM PDT · by Olog-hai · 18 replies
    Associated Press ^ | Jul 13, 2015 2:32 PM EDT | Martin Crutsinger
    The U.S. government ran a budget surplus in June, leaving the budget deficit so far this year running under last year’s level. The Treasury Department says the surplus in June totaled $51.8 billion, compared to a surplus of $70.5 billion a year ago. However, the larger 2014 monthly surplus was heavily influenced by a timing quirk that had moved June benefit payments into May last year because June 1 fell on a Saturday.For the current budget year, the government is running a deficit of $313.4 billion, a 14.3 percent reduction from the imbalance over the first nine months of the...
  • CBO ISSUES DIRE DEBT WARNING OF 'FISCAL CRISIS'

    04/14/2014 12:56:30 PM PDT · by Jim Robinson · 70 replies
    Breitbart ^ | April 14, 2014 | By Wynton Hall
    New figures by the Congressional Budget Office released on Monday reveal that over the next 10 years the U.S. debt-to-GDP ratio will double to 78%. Over the last four decades America's average debt-to-GDP ratio was 39%. At the end of 2007, federal debt was just 35% of GDP. The CBO report says gross federal debt will soar from $17.7 trillion to $27 trillion over the next ten years. CBO warned of the dire consequences the nation's debt will have if gone unchecked. "Such high and rising debt would have serious negative consequences," says the report. "Federal spending on interest payments...
  • CBO: Debt Headed To 103% GDP; Only Time That High Was WWII; Financial Crisis Could Strike Any Moment

    07/10/2015 6:05:02 PM PDT · by E. Pluribus Unum · 11 replies
    PatDollard.com ^ | 07/10/2015 | Darby Crash
    (CNSNews.com) – Testifying in the U.S Senate yesterday, Congressional Budget Office Director Keith Hall warned that the publicly held debt of the U.S. government, when measured as a percentage of Gross Domestic Product, is headed toward a level the United States has seen only once in its history—at the end of World War II.To simply keep the debt at the high historical level where it currently sits—74 percent of GDP–would require either significant increases in federal tax revenue or decreases in non-interest federal spending (or a combination of the two).Historically, U.S. government debt as a percentage of GDP hit its...
  • CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII

    07/10/2015 5:24:07 PM PDT · by John W · 6 replies
    csnnews.com ^ | July 10, 2015 | Terence P. Jeffrey
    Testifying in the U.S Senate yesterday, Congressional Budget Office Director Keith Hall warned that the publicly held debt of the U.S. government, when measured as a percentage of Gross Domestic Product, is headed toward a level the United States has seen only once in its history—at the end of World War II. To simply keep the debt at the high historical level where it currently sits—74 percent of GDP--would require either significant increases in federal tax revenue or decreases in non-interest federal spending (or a combination of the two).
  • CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII; 'No Way to Predict Whether or When' Fiscal

    07/10/2015 5:39:41 PM PDT · by Nachum · 23 replies
    cns news ^ | 7/10/15
    (CNSNews.com) - Testifying in the U.S Senate yesterday, Congressional Budget Office Director Keith Hall warned that the publicly held debt of the U.S. government, when measured as a percentage of Gross Domestic Product, is headed toward a level the United States has seen only once in its history—at the end of World War II. To simply keep the debt at the high historical level where it currently sits—74 percent of GDP--would require either significant increases in federal tax revenue or decreases in non-interest federal spending (or a combination of the two). Historically, U.S. government debt as a percentage of GDP...
  • 3 More Reasons To Get Rid Of ObamaCare, Hidden In The CBO Report

    06/22/2015 3:59:02 AM PDT · by IBD editorial writer · 4 replies
    Investor's Business Daily ^ | 06/19/2015 | Staff
    Forecasts: ObamaCare advocates tout a new Congressional Budget Office report saying that ObamaCare's repeal would boost the deficit. But read the actual report. It tells a far different, more disturbing tale about this law.
  • [CBO] Study says repealing ‘Obamacare’ would add to budget deficit

    06/20/2015 7:55:54 AM PDT · by Olog-hai · 20 replies
    Associated Press ^ | Jun 20, 2015 3:19 AM EDT | Andrew Taylor and Ricardo Alonso-Zaldivar
    A nonpartisan government study says repealing President Barack Obama’s signature health care law would modestly increase the budget deficit and the number of uninsured Americans would rise by more than 20 million. The report from the Congressional Budget Office comes ahead of a highly anticipated Supreme Court ruling that could have a major impact on the Affordable Care Act, nullifying health insurance subsidies for some 6 million people in more than 30 states. The budget analysts said that would add a host of new uncertainties to their estimates. Republicans now in control of both chambers of Congress say they are...
  • CBO: Repealing ObamaCare would cost $137 billion

    06/20/2015 12:23:53 AM PDT · by Libloather · 54 replies
    CBS News ^ | 6/19/15 | Kate Gibson
    With the U.S. Supreme Court set to rule on a key element of the Affordable Care Act (ACA), the Congressional Budget Office (CBO) has estimated the financial impact of repealing the health law on the economy. Striking down Obamacare, as the federal insurance program is called, would increase the nation's budget deficit by a net $137 billion over a 10-year period, according to the nonpartisan CBO, which analyzes budgetary and economic issues on behalf of lawmakers. The total budget gap between 2016 and 2025 would rise by $353 billion as a result of eliminating Obamacare, according to the CBO, which...
  • Academics Fix Another Problem

    06/01/2015 7:58:39 AM PDT · by Academiadotorg · 9 replies
    Accuracy in Academia ^ | May 30, 2015 | Malcolm A. Kline
    How many academics does it take to fix America’s criminal justice system? Twenty. That’s how many participated in a National Research Council (NRC) study of U. S. prisons and their effect on inner cities. They study was conducted under the auspices of the National Academy of Sciences (NAS). “After decades of stability, U.S. federal and state prison populations escalated steadily between 1973 and 2009, growing from about 200,000 people to 1.5 million,” they found. “The increase was driven by changes in policy that imprisoned people for a wider range of offenses and imposed longer sentences.” “Has this greater reliance on...
  • CBO: Feds Taxing More, Spending More, Running Bigger Deficit in 2015

    04/14/2015 12:04:58 AM PDT · by Olog-hai · 2 replies
    Cybercast News Service ^ | April 13, 2015 - 1:21 PM | Terence P. Jeffrey
    The federal government taxed away more money, spent more money and ran a bigger deficit in the first half of fiscal 2015 than it did in the first half of fiscal 2014, according to the Congressional Budget Office. “The federal government ran a budget deficit of $430 billion for the first half of fiscal year 2015, CBO estimates—$17 billion more than the shortfall recorded in the same span last year,” the CBO said in its Monthly Budget Review for March 2015, which was published April 8. “Both revenues and outlays were about 7 percent higher than the amounts recorded in...
  • Obama amnesty would actually save Feds $7.5 billion: CBO study

    01/30/2015 1:45:57 PM PST · by SeekAndFind · 67 replies
    Washington Times ^ | 01/30/2015 | By Stephen Dinan
    Halting President Obama’s deportation amnesty will end up hurting Uncle Sam’s bottom line, the Congressional Budget Office said Thursday in a new report that is bound to cause more problems for Republicans trying to block the White House’s executive action. While keeping illegal immigrants in the shadows would save the government billions on spending, it would also mean billions in taxes that never get paid, leaving the federal budget a total of $7.5 billion worse over the next decade than it would be if Mr. Obama’s amnesties take effect as scheduled, the CBO said. House Republicans have passed a bill...
  • 10 times more Americans than estimated will lose employer-based health insurance under Obamacare

    01/28/2015 6:29:56 AM PST · by SeekAndFind · 13 replies
    American Thinker ^ | 01/28/2015 | Rick Moran
    The latest data on Obamacare analyzed by the Congressional Budget Office shows that 10 million Americans are likely to lose their employer-based insurance by 2021 as companies dump their workers onto the Obamacare exchanges. That's 10 times the number originally projected by the CBO. About 1 of every 16 workers will be affected. The latest CBO report has not garnered a lot of attention, even though it contains the modestly good news that Obamacare is not costing as much as the CBO thought it would in 2010. That said, another reason the left and the administration may not be touting...
  • Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance

    01/27/2015 1:09:35 PM PST · by SeekAndFind · 32 replies
    Daily Mail ^ | 01/27/2015 | By DAVID MARTOSKO, US POLITICAL EDITOR
    * Stunning figure comes from Congressional Budget Office report that revised cost estimates for the next 10 years * Government will spend $1.993 TRILLION over a decade and take in $643 BILLION in new taxes, penalties and fees related to Obamacare * The $1.35 trillion net cost will result in 'between 24 million and 27 million' fewer Americans being uninsured – a $50,000 price tag per person at best * The law will still leave 'between 29 million and 31 million' nonelderly Americans without medical insurance * Numbers assume Obamacare insurance exchange enrollment will double between now and 2025 It...
  • Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance...

    01/26/2015 3:17:28 PM PST · by Libloather · 14 replies
    Daily Mail ^ | 1/26/15 | David Martosko
    Obamacare program costs $50,000 in taxpayer money for every American who gets health insurance, says bombshell budget report It will cost the federal government – taxpayers, that is – $50,000 for every person who gets health insurance under the Obamacare law, the Congressional Budget Office revealed on Monday. The number comes from figures buried in a 15-page section of the nonpartisan organization's new ten-year budget outlook. The best-case scenario described by the CBO would result in 'between 24 million and 27 million' fewer Americans being uninsured in 2025, compared to the year before the Affordable Care Act took effect. Pulling...
  • CBO: Deficits To Explode As Obama Leaves Office

    01/26/2015 2:40:13 PM PST · by jazusamo · 42 replies
    Townhall.com ^ | January 26, 2015 | Conn Carroll
    Federal deficits may have been falling since the end of the recent recession, but thanks to spending increases in major health care programs, including Obamacare, deficits are set to explode in 2017, according to a new report by the Congressional Budget Office. Thanks to the recent recession and President Obama's trillion dollar stimulus, the federal budget deficit reached an all time $1.4 trillion high in 2009. Then, as the economy slowly improved and Obama's stimulus trickled to end, the deficit began to fall. According to the CBO, the deficit will continue to fall to $467 billion in 2016. Immediately...
  • CBO: Saving Unborn Babies From Abortion Will Increase the Budget Deficit

    01/20/2015 6:39:17 PM PST · by Morgana · 29 replies
    blaze.com ^ | Jan. 20, 2015 | Pete Kasperowicz
    The Congressional Budget Office says legislation the House will pass this week to ban abortions after 20 weeks of pregnancy would lead to an increase in the budget deficit of at least $235 million over the next decade, and perhaps as much as half a billion dollars. The CBO released a report Tuesday for the Pain-Capable Unborn Child Protection Act, H.R. 36, which the House will consider on Thursday. That bill aims to ban abortions after 20 weeks, and is based on evidence that a fetus can feel pain once it reaches that age. CBO’s report assumes that if the...
  • Why the Left is Hyperventilating Over Dynamic Scoring

    01/14/2015 5:51:13 AM PST · by lifeofgrace · 7 replies
    Charting Course ^ | 1/14/2015 | Steve Berman
    The Left is so used to controlling information that they believe it to be their birthright.  For nearly 100 years, they’ve assumed the mantle of impartiality simply to cover their own failed policy aspirations.  Now they are all going bat-guano crazy because the Republican majority in Congress wants to make a small dent in the gleaming fact-fogging machine the Left has built, by directing the Congressional Budget Office to use “dynamic scoring”.  Yawn. A quick explanation:  if you raise or lower taxes, what will be the effect on consumer and business behavior?  Will businesses hire more and produce more if...
  • $1.9 trillion: The cost of government regulation in 2015

    01/13/2015 8:00:27 PM PST · by SeekAndFind · 2 replies
    Hotair ^ | 01/13/2015 | Kevin Glass
    President Obama hasn’t given much credence to the idea that America is suffering from overregulation, and his policies have proven that. Late last year, he debuted a new EPA rule that has been called “the most expensive regulation ever.” “Economically significant” regulations have exploded in the Obama era. The Competitive Enterprise Institute’s Wayne Crews has done exhaustive work cataloging regulation in America, and his new report on regulation for 2015, Tip of the Costberg, is an eye-opener.Crews estimates that regulation will cost the American economy $1.882 trillion in 2015. This is a staggering figure and, as you might have...
  • All of #GruberGate, Explained in 2 minutes

    11/18/2014 4:47:57 PM PST · by Cincinatus' Wife · 6 replies
    Red State ^ | November 18, 2014 | Leon H. Wolf (Diary)
    Our own Ben Howe made this video for the folks at American Commitment that explains the entire #GruberGate kerfuffle in 2 minutes. The video is damning and really explains what ought to be page A1 material on every newspaper in the whole country. Check it out:
  • Republicans Should Respond To GruberGate By Cleaning House At CBO

    11/19/2014 8:57:53 AM PST · by PROCON · 10 replies
    thefederalist.com ^ | Nov. 19, 2014 | Ben Domenech
    What a week this has been for Jonathan Gruber, as a deluge of videos have illustrated his many varied public comments on the deceptions of Obamacare. Here’s an excellent supercut from Phil Kerpen of the various comments from political supporters of Obamacare denying Gruber’s existence and relevance to the creation of Obamacare.----------- ----------Even as a handful of officials admit Gruber’s critical role in creating Obamacare’s framework and more, some on the left are still trying to deny his various manic and stupefying statements admitting his role in creating the legislation’s smoke and mirrors structure. It’s hard for this role to...