Posts Tagged ‘CBO’

Washington Breaks Government Spending Record: $3.6 Trillion


Tuesday October 25th, 2011   •   Posted by David Theroux at 11:39pm PDT   •   1 Comment

The Wall Street Journal reports in “A New Spending Record: Washington had its best year ever in fiscal 2011″ that: Maybe it’s a sign of the tumultuous times, but the federal government recently wrapped up its biggest spending year, and its second biggest annual budget deficit, and almost nobody noticed. Is it rude to…
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Congressional Budget Office Predicts Federal Debt Is Getting Far Worse


Wednesday June 22nd, 2011   •   Posted by David Theroux at 10:19pm PDT   •   0 Comments

In “CBO Releases Daunting Long-Term Outlook,” Tim Fernholz at the National Journal reports that: Increasing federal debt will be a growing burden on government action, crowding out lawmakers’ ability to adopt tax and spending priorities in good times and reducing flexibility during recessions, all while making a fiscal crisis more likely and hindering long-term…
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Obama Floats New Tax on Miles Driven Based on Spy Device in Your Car


Thursday May 5th, 2011   •   Posted by David Theroux at 9:20am PDT   •   34 Comments

In The Hill, Pete Kasperowicz reports in “Obama administration floats draft plan to tax cars by the mile” that: The Obama administration has floated a transportation authorization bill that would require the study and implementation of a plan to tax automobile drivers based on how many miles they drive. The plan is a part…
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The BIG FOUR Enter the Discourse of Debt


Monday April 4th, 2011   •   Posted by Emily Skarbek at 7:13am PDT   •   0 Comments

No, I am not referring to the Allied Leaders in WWI, college basketball, or the top accounting firms in the U.S. The BIG FOUR of the Budget are Medicare, Medicaid, Social Security and Defense. Together they make up around 65% of non-discretionary spending. Today, the New York Times and Wall Street Journal are running…
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Obama Understates U.S. Government Deficits by $2.3 Trillion


Friday March 18th, 2011   •   Posted by David Theroux at 5:59pm PDT   •   1 Comment

The Associated Press reports that the Congressional Budget Office (CBO) questions the claims of the Obama administration regarding projected budget deficits over the next ten years in which the White House overestimates tax revenues and savings from Medicare payments to doctors. A new assessment of President Barack Obama’s budget released Friday says the White…
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CBO: Repealing Obamacare Would Reduce Federal Spending by $1.4 Trillion Over 10 Years


Saturday February 19th, 2011   •   Posted by David Theroux at 4:36pm PST   •   2 Comments

In an article at the American Spectator by Philip Klein, he reports on the new report from the Congressional Budget Office (CBO) that shows that repeal of Obamacare (“Patient Protection and Affordable Care Act”) would cut $1.4 trillion from projected federal spending over ten years. In addition, even greater cuts of $732 billion could…
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Dark Deficit Outlook: MyGovCost’s Emily Skarbek Offers Solutions


Thursday January 27th, 2011   •   Posted by Lindsay Boyd at 4:29pm PST   •   2 Comments

The latest economic forecasts are now projecting that the federal budget deficit will reach a record of nearly $1.5 trillion in 2011. As the Wall Street Journal reports, this “grim outlook landed a day after President Barack Obama outlined plans to push for new spending that he said would help keep the U.S. globally…
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Repeal of Obamacare Would Not Add to the Deficit


Saturday January 22nd, 2011   •   Posted by David Theroux at 4:19pm PST   •   1 Comment

Former Congressional Budget Office (CBO) officials Douglas Holtz-Eakin (Director), Joseph Antos (Assistant Director) and James Capretta (Associate Director) show in a new Wall Street Journal article, “Health Care Repeal Won’t Add to the Deficit,” that repealing Obamacare (“Affordable Care Act” or ACA) will not increase the federal deficit. In so doing, they refute the…
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New Letter to the Deficit Commission on Cutting Bloated Defense Spending


Saturday November 20th, 2010   •   Posted by Winslow Wheeler at 12:30pm PST   •   0 Comments

The Honorable Erskine Bowles National Commission on Fiscal Responsibility and Reform 1650 Pennsylvania Avenue, N.W. Washington, DC 20504 Dear Mr. Bowles: We are writing to you and other members of the President’s National Commission on Fiscal Responsibility and Reform as individuals who have worked in national security affairs for decades for the Department of…
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U.S. Spending Up 21.4% in Two Years, $3.45 Trillion for 2010


Thursday October 14th, 2010   •   Posted by David Theroux at 2:24am PDT   •   1 Comment

The Wall Street Journal notes in a new article, “The 2010 Spending Record: In two years, a 21.4% increase”: “Perhaps you missed it, but then so did the Washington press corps. Late last week the Congressional Budget Office released its preliminary budget tallies for fiscal year 2010, and the news is that the U.S….
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