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Congressional Budget Office

Friday Talking Points [150] -- A Fortean Week

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Sometimes it is hard to come up with a metaphor to describe the week that was. This was not one of those weeks.

Once Again, Republican Party Shows It Is But Arm of Insurance Industry

Rep. Lloyd Doggett | Posted 05.25.2011 | Politics
Rep. Lloyd Doggett

A vote to repeal health reform legislation is a vote to maintain health care costs as the leading cause of personal bankruptcy and credit card debt in this country.

It's Time to Call Their Bluff: "Defensive Medicine" Is a Fraud

Joanne Doroshow | Posted 05.25.2011 | Politics
Joanne Doroshow

Even when you remove litigation as a factor, the extent of tests and procedures that are ordered do not change. Enacting "tort reform" will continue to fail as a solution to this country's health care problems.

Sam Stein

Gearing Up For Health-Care Repeal Effort, Republicans Push To Delegitimize CBO Analysis

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

MIAMI -- The first big threat to the president's health-care reform package did not come during the fabled August 2009 recess of town-hall protests, o...

Amanda Terkel

CBO: Health Care Repeal Would Up Deficit By $230 Billion

HuffingtonPost.com | Amanda Terkel | Posted 05.25.2011 | Politics

WASHINGTON -- Repealing health care reform will add $230 billion to the deficit over the next decade, leave 32 million fewer people with insurance and...

Weekly Pulse: On Health Care Repeal, House GOP Full of Sound and Fury

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

By Lindsay Beyerstein, Media Consortium blogger House Republicans will hold a symbolic vote to overturn health care reform on January 12. The bill, ...

Republican-Hood: Steal from the Workers; Pander to the Rich

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

Republicans want to, as they put it, 'undo' the health insurance benefits that the Affordable Care Act provides to Americans. And they're offering nothing in return to the uninsured.

The Ticking Bomb No One Hears: Exploding Interest on the Debt

Meredith Bagby | Posted 05.25.2011 | Politics
Meredith Bagby

As we begin this New Year, we citizens need to demand immediate action from the incoming Congress. And as investors, we must begin storing up our nuts. It could be a very long winter.

Will The Obama-GOP Tax Deal Really Create 3.1 Million Jobs?

Daily Finance | Peter Cohan | Posted 05.25.2011 | Business

The new tax cut compromise between the Obama administration and congressional Republicans, which will add $593 billion to the $1 trillion federal defi...

All Kids Deserve to DREAM

Bruce Lesley | Posted 05.25.2011 | Impact
Bruce Lesley

A vote for the DREAM Act is a vote for children -- a vote to provide each and every child in America with the opportunity to fulfill their dreams.

Political Corruption: GOP Embraces the Ken Lay Way

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

Republicans are obfuscating about the real reason for their opposition to extending unemployment benefits, the way Enron CEO Ken Lay concealed the truth about billions in losses his corporation racked up.

Reinventing the Federal Budget

Mike Quigley | Posted 05.25.2011 | Chicago
Mike Quigley

We're in a crisis that threatens to bankrupt this nation. In 10 years we will be spending nearly a trillion dollars on debt service. The worst news is we're not sure where all this money goes.

Shahien Nasiripour

Obama Administration Will Spend Just $12 Billion Of The $50 Billion Promised To Help Homeowners Avoid Foreclosure, CBO Says

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The Obama administration will spend less than a quarter of the $50 billion it promised to help homeowners facing foreclosure, the nonpartisan Congress...

Jeff Muskus

CBO Numbers On House Health Care Bill Are Fake

HuffingtonPost.com | Jeff Muskus | Posted 05.25.2011 | Politics

The Congressional Budget Office has not scored the House health care reform proposal, despite reports that it had estimated the plan would cost taxpay...

Time to Stop Subsidizing Ethanol

Erich Pica | Posted 05.25.2011 | Green
Erich Pica

The $5 billion VEETC subsidy pads the pockets of Big Oil but does almost nothing to advance its stated purpose of actually promoting ethanol production.

Crafting a Response to the Incredible Rise in Child Poverty

Reid Cramer | Posted 05.25.2011 | Politics
Reid Cramer

Here's a chilling fact: over 1 in 5 children spent the year in poverty. And unlike wages or productivity figures, that's not just an indicator of the economy right now. It's a forecaster of things to come. Children, after all, grow up.

The Problem Is Not Jon Stewart

David Paul | Posted 05.25.2011 | Politics
David Paul

Those who suggest that Jon Stewart crossed a line should open their eyes and behold the new world. No one questions whether Glenn Beck is in the business of entertainment. Or politics. Or news.

Stimulus Boosted U.S. GDP By Up To 4.5%, Added Millions Of Jobs

Yahoo! News | Posted 05.25.2011 | Business

WASHINGTON (Reuters) -- The massive stimulus package boosted real GDP by up to 4.5 percent in the second quarter of 2010 and put up to 3.3 million peo...

The Recession's Over? Thanks, Rep. DeGette! (VIDEO)

Kelly Maher | Posted 05.25.2011 | Denver
Kelly Maher

DeGette has become a captive of Washington-think during her seven terms in office, a believer that if a little federal government is good, a lot must be better.

I Don't Care About Apathy

B. Jeffrey Madoff | Posted 05.25.2011 | Media
B. Jeffrey Madoff

How does the media hype stack up to what actually happened? 98 percent of incumbents were nominated, not exactly "anti-incumbency fever."

White House Report Gives Stimulus Package High Marks

washingtonpost.com | Lori Montgomery | Posted 05.25.2011 | Business

The massive economic stimulus package President Obama pushed through Congress last year is coming in on time and under budget - and with strikingly fe...

CBO Director Trashes Bush Tax Cuts

Washington Post | Ezra Klein | Posted 05.25.2011 | Business

Testifying before the Senate Budget Committee yesterday, CBO director Doug Elmendorf destroyed the case for an extension of the Bush tax cuts in gener...

Republican Pledge: A Rotten Egg for the Middle Class

Leo W. Gerard | Posted 05.25.2011 | Politics
Leo W. Gerard

In 1928, the Republicans promised Hoover's victory would assure the prosperity of "a chicken in every pot." This week, the GOP proffered a similar pledge to America: instead of a "chicken in every pot" they're pledging a salmonella-poisoned egg.

What's Wrong with Politics and Politicians?

Gary Shapiro | Posted 05.25.2011 | Politics
Gary Shapiro

Americans are frustrated, and our leaders are not listening. It has been an awful two years since the economy tanked due to the sub-prime mortgage deb...

Tax Cuts May Prove Better for Politicians Than for Economy

nytimes.com | DAVID KOCIENIEWSKI | Posted 05.25.2011 | Politics

With Congressional midterm elections looming, the financial debate in Washington this fall will probably be consumed by one incendiary and expensive i...