Cbo

Government Report Contradicts GOP On Dire Situation

Posted 05.23.2012

Read More: Automatic Spending Cuts, Politics News, Video, 2012 Elections, Super Committee, Cbo, Federal Deficit, President Obama, Elections 2012, Deficit Reduction, Gop, Congressional Budget Office, Recession, Barack Obama, Bush Tax Cuts, Politics News

A new government report said spending cuts scheduled to go into effect in 2013, coupled with the simultaneous expiration of Bush-era tax cuts, will sh...

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Government Squabbling Could Push The U.S. Into Recession, CBO Says

Reuters | Posted 05.23.2012

Read More: Organization for Economic Cooperation and Development, Video, Cbo, House of Representatives Speaker John Boehner, Spending Cuts, Reuters, Fiscal Cliff, Tax Hikes, President George W. Bush, Congressional Budget Office, Recession, Business News

* Fiscal restraint in 2013 could lead to contraction-CBO * No restraint over long run not sustainable-CBO By Lucia Mutik...

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CBO Issues Dire Warning On Bush Tax Cuts

AP | ANDREW TAYLOR | Posted 05.22.2012

Read More: Congress, Video, Cbo, Bush Tax Cuts Expiration, Cbo Report, Spending Cuts, Cbo Bush Tax Cuts, Congressional Budget Office Report, Congressional Budget Office Bush Tax Cuts, Pentagon Budget, Defense Budget, Congressional Budget Office, Pentagon Spending, Bush Tax Cuts, Politics News

WASHINGTON — A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending ...

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How Sarah Palin's Irresponsible Rhetoric Prevented Medicare Savings

Wendell Potter | Posted 05.14.2012

Read More: Dan Morhaim, Charles Boustany, Cbo, Advance Directives, Obamacare, Earl Blumenauer, Sarah Palin, Health Care Reform, Affordable Care Act, Living Wills, Medicare, Congressional Budget Office, Politics News

The Affordable Care Act might have been able to curtail Medicare spending further if it hadn't been for Palin, who charged that a provision of the law allowing Medicare to pay for end-of-life discussions would lead to government-run "death panels."

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Medicare, Social Security Face Problems

AP | STEPHEN OHLEMACHER and RICARDO ALONSO-ZALDIVAR | Posted 04.23.2012

Read More: Video, Social Security Finances, Social Security, Cbo, Health Care Costs, Medicare Finances, Medicare, Payroll Tax, Politics News

WASHINGTON — Social Security is rushing even faster toward insolvency, driven by retiring baby boomers, a weak economy and politicians' reluctan...

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Obama's Lower Taxes Slow The Economy, CBO Says

HuffingtonPost.com | Michael McAuliff | Posted 04.20.2012

Read More: Taxes, Cbo, Ryan Budget, Tax Cuts, Obama Budget, Obama Tax Cuts, Congressional Budget Office, Bush Tax Cuts, Paul Ryan Budget, Video, Politics News

WASHINGTON -- Republicans have pounced on a Congressional Budget Office report Friday that says President Barack Obama's budget would add to deficits ...

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SNAP: Cutting What Works?

Marian Wright Edelman | Posted 04.20.2012

The impact of more cuts on children and families who now receive a nutritionally adequate diet from SNAP would be devastating. Where is the justice in a vote to protect wealthy farmers over hungry children?

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Five Political Lies We Must Expose to Save Our Children

Gary Shapiro | Posted 04.17.2012

Read More: Deficit, Cbo, Gary Shapiro, Warren Buffett, Cea, Newt Gingrich, Congressional Budget Office, Barack Obama, Buffett Rule, Politics News

Our nation is heading off a financial cliff, and both major political parties are in deceptive denial. It's time we as Americans put on our adult pants and started confronting the truth.

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Analysis Contradicts Obama Administration's Rosy Scenario

AP | ANDREW TAYLOR | Posted 05.16.2012

Read More: CBO Projections, Obama Cbo Budget, Cbo Economy, Video, Cbo, Obama Administration, Obama Budget, Obama Cbo, Congressional Budget Office, Politics News

WASHINGTON — A new analysis of President Barack Obama's budget for next year says the deficit scenario for next year isn't as rosy as the White ...

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Today's Most Important Finance Story: Lan T. Pham, Ph.D., Told the CBO the Truth About Mortgage "Securities" and Was Fired for It

Janet Tavakoli | Posted 05.16.2012

Read More: Cbo, Financial Reform, Lan T. Pham, Mortgage Crisis, Robo-Signing, Mortgage-Backed Securities, Systemic Risk, Congressional Budget Office, Ph.D., Foreclosure Fraud, Foreclosures, Mortgages, Foreclosure Crisis, Subprime Mortgages, Foreclosure, Business News

This knowledge isn't unique or new. What is new is that Dr. Pham brought this forward to the CBO and apparently this information is being suppressed and denied by the CBO and in congressional reports.

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Deficit Estimate Hiked

AP | ANDREW TAYLOR | Posted 05.13.2012

Read More: Deficit, Debt, Video, Deficit Cbo, Cbo, Federal Deficit, Federal Debt, Deficit Estimates, Budget Deficit, Congressional Budget Office, Federal Budget, Politics News

WASHINGTON — A new estimate from congressional economists says the government will run a $1.2 trillion deficit for the budget year ending just a...

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Fiscal Affairs: Making the United States More Like Greece

Simon Johnson | Posted 05.02.2012

Read More: Greece Debt, U.S. Economy, Fiscal Affairs, Greece, Economy, Economic Crisis, Greece Debt Crisis, Taxes, Cbo, Federal Budget Deficit, Budget Cuts, Tax, Budget, Tax Cuts, Business News

If you cut taxes, revenues will fall and deficits will increase. If you change the CBO's scoring process to hide this fact -- as is under consideration by leading Republicans -- you are engaging in exactly the same sort of deception that brought down Greece.

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With Gas Tax Money Vanishing, Transportation Bills Mum On What Comes Next

HuffingtonPost.com | Matt Sledge | Posted 02.16.2012

Read More: Gas Prices, Cbo, Fuel Efficiency, Gas Tax, Cars, Highway Trust Fund, Obama Surface Transportation, Surface Transportation Bill, Ray Lahood, Transportation, Video, Tom Coburn, Mike Enzi, John Mica, Max Baucus, Transportation Bill, Politics News

WASHINGTON -- As both chambers of Congress continued to debate dueling surface transportation bills on Wednesday, Speaker John Boehner (R-Ohio) announ...

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Health Care Cost: Small Fixes Won't Cut It

James R. Knickman | Posted 04.10.2012

Read More: Payment Reform, Health Care Reform, Cbo, Health Care Costs, Health Care, New York, Disease Management, New York News

The CBO recently issued a disheartening report showing that 10 Medicare demonstration projects designed to reduce health care costs were largely ineffective. The results were discouraging, but perhaps not entirely surprising.

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New Report Reveals Surprising Result About Deficit

AP | ANDREW TAYLOR | Posted 04.01.2012

Read More: Deficit, Debt, Deficit Cbo, Video, Cbo, Federal Budget Deficit, Payroll Tax Cut, Federal Debt, Budget Deficit, Cbo Deficit, Bush Tax Cuts, Politics News

WASHINGTON — The government will run a $1.1 trillion deficit in the fiscal year that ends in September, a slight dip from last year but still ve...

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Study Reveals Interesting Result On Federal Workers

AP | ANDREW TAYLOR | Posted 03.31.2012

Read More: Federal Pay, Federal Benefits, Video, Federal Workers, Cbo, Private Sector, Federal Pension, Federal Worker Pay, Obama Pay Freeze, Congressional Budget Office, Public Sector, Cbo Federal Workers, Politics News

WASHINGTON — The average federal worker earns about 2 percent more than a private sector worker in a comparable profession, though the governmen...

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Gingrich: Congressional Budget Office Is 'A Reactionary Socialist Institution'

Posted 11.22.2011

Read More: Gingrich Congressional Budget Office, Newt-Gingrich, Newt Gingrich Cbo, Congress, Video, Newt Gingrich 2012, Newt Gingrich Congressional Budget Office, Cbo, Gingrich Cbo, Elections 2012, Newt Gingrich, Congressional Budget Office, Politics News

GOP presidential candidate Newt Gingrich blasted the Congressional Budget Office on Monday in New Hampshire. According to CNN Money, the Republican...

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Thirty Years of Unleashed Greed

Robert Scheer | Posted 12.26.2011

Read More: Reagan, Government, Robert Scheer, Politics, Congress, Cbo, Economy, Occupy Wall Street, Democracy, Congressional Budget Office, Wall Street, Politics News

Between 1979 and 2007, the average real income of the top 1 percent grew by an astounding 275 percent. And that is after payment of the taxes that the superrich and their Republican apologists find so onerous.

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White House Waffles On Key Part Of Health Care Reform

AP | By RICARDO ALONSO-ZALDIVAR | Posted 12.17.2011

Read More: CLASS Act, Cbo, Kathleen Sebelius, Class Act Obama, Congressional Budget Office, Deficit, Cbo Score, Video, Health Care Reform, Long-Term Care, Hhs, Obama Class Act, Health and Human Services, Health Reform, Health Care, Obama Health Care Reform, Politics News

WASHINGTON -- The White House appeared to waffle Monday on the fate of a financially troubled long-term care program in President Barack Obama's healt...

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Why Obama's Health Care Setback Vindicates Health Care Reform

The New Republic | Jonathan Cohn | Posted 12.17.2011

Read More: CLASS Act, Deficit, Cbo, Health Care Law, Long-Term Care Class Act, Ppaca, Health Care Reform, Affordable Care Act, Individual Mandate, Obama, Long-Term Care, Obama Health Care Reform, Politics News

For these reasons, conservatives like Peter Suderman who criticized CLASS as unsustainable were right to raise alarms, while liberals like me were wro...

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Friday Talking Points -- Class Warfare? Hardly.

Chris Weigant | Posted 11.23.2011

Read More: Elizabeth Warren, Warfare, President Obama, Jobs, Poll, Larry Flynt, Obama, Democratic, Tax the Rich, It Came Out of the Sky, Republican, Pistols at Dawn, Social Contract, Unemployment, Flynt, Booed Soldier, Cpr, Midotw, Most Disappointing Democrat of the Week, Pitchforks and Torches, Paul Krugman, American Jobs Act, Rick Perry, Most Impressive Democrat of the Week, Million Bucks, Mainstream, House, Cbo, Congress, Ccr, Middle Class Warrior, Democrats, Barack Obama, Rick Horowitz, Campaign Obama, Mddotw, Support the Troops, Airport, Gay Soldier, Deficit Cutting Plan, Harry Reid, Jeff Merkley, Friday Talking Points, Class Warfare, Republican Debate, Phil Roe, Senate, Politics News

As was entirely predictable, once Obama stood up for taxing the rich folk a wee bit more, the Republicans fired back with what they think is the biggest weapon in their arsenal: screaming "Class warfare!"

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Friday Talking Points -- Ads Obama Should Run

Chris Weigant | Posted 11.16.2011

Read More: Special Election, President Obama, Jobs, Supercommittee, Obama, Democratic, We Cant Wait, Campaign, Anniversary, Republican, Deficit, Do Nothing Congress, Political Ad, Midotw, Congressional Budget Office, Most Disappointing Democrat of the Week, American Jobs Act, Most Impressive Democrat of the Week, Merkley, Ny-9, Anthony Weiner, Committee, House, Cbo, David Weprin, Two Million Jobs, Democrat, Congress, Ad, Bully Pulpit, Democrats, Barack Obama, New York, Mddotw, Chris Weigant, Score, Phone, Tell the Truth on Jobs, Jobs Plan, Jeff Merkley, Friday Talking Points, Senate, Politics News

Obama should run a few ads right now which do not even mention the election. Instead of saying "vote for me!" these ads should say "pass my jobs bill" in as many creative ways as possible.

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The 'New Normal' Does Not Have to Be Slower Growth!

Harlan Green | Posted 11.16.2011

Read More: Social Security and Medicare, Corporate Profits, Cbo, Texas Governor Rick Perry, Growth Recession, Japan Deflation, Congressional Budget Office, Tea Party, House Whip Eric Cantor, Business News

Republicans are, in a word, trying to convince us what is in effect a 'new normal' of ignorance, a wholesale ignorance of reality based facts -- whether economic or scientific.

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Merkley's Right: CBO Should Score Jobs

Chris Weigant | Posted 11.14.2011

Read More: President Obama, Plum Line, Cbo, Budget, Economy, Jobs, Supercommittee, Obama, Democrats, Barack Obama, Deficit, Unemployment, Chris Weigant, Score, Congressional Budget Office, Budget Cutting, Jeff Merkley, Merkley, Republicans, Politics News

This will force the public debate to cover the entire scope of the proposals being offered up, and it would do so by providing the data the public most cares about right now: how will this create or destroy jobs?

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Both Sides Now: Obama vs. GOP/Perry vs. Social Security/Reagan vs. Cheney

HuffPost Radio | Posted 11.11.2011

Read More: Nan Hayworth, Social Security, President Obama, Geneva Convention Against Torture, Cbo, Rep. Eric Cantor, George W. Bush, Mitt Romney, Disaster Aid, 9/11, Jobs, Rick Perry, Drew Westin, President Reagan, Nytimes, Dick Cheney, Politics News

Mary Matalin and Ron Reagan sharply disagree on whether Obama was passionate or merely political in his jobs address, Perry presidential or just a "gunslinger" in his first debate, and author Cheney a brilliant strategist and/or war criminal.

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