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How Obama's 529 Plan Shows The Welfare State Is Doomed

Nice piece over at Reason. The core of the problem is clear: the growing cost of the entitlement state. As the Congressional Budget Office warned earlier this week, over the next decade, "spending will grow faster than the economy for...

Going,Going.......

The Congressional Budget Office (CBO) just released the 2015 version of its Budget and Economic Outlook. This year's edition contained no real budget surprises: the federal budget remains on an unsustainable course driven by rising spending...Show More Summary

CBO Shows ObamaCare Costing Less Than Projected–Ignore Conservative Attempts To Distort The Data

There was more good news from the Congressional Budget Office today regarding the Affordable Care Act. The latest’s estimates significantly reduce the costs of expanding medical care under the law:  The Congressional Budget Office on Monday significantly lowered its estimate of the cost of providing health insurance coverage to millions of Americans under the Affordable [...]Show More Summary

US: Budget deficit forecast to fall to $468bn

The US budget deficit will decline slightly to $468 billion (R5.35 trillion) this fiscal year, the lowest level since President Barack Obama took office, congressional forecasters said yesterday in a report heralding the end of a brief period of dramatically shrinking red ink. Show More Summary

New CBO estimates project even lower Obamacare costs

Yes, actually, that's how it seems to be working. The Congressional Budget Office reports that a continued slowdown in the increase of healthcare costs has helped reduce the deficit, and that a key component of that slowdown—Obamacare—has...Show More Summary

Right-Wing Media Won't Tell You That The CBO's New Obamacare Cost Estimates Are Lower Than Expected

Conservative media hyped the findings of a new Congressional Budget Office (CBO) report as a "bombshell" that shows the costs of the Affordable Care Act (ACA) will be much higher than expected. But according to the CBO's report, the ACA will cost 20 percent less over the next decade than its initial projections. Show More Summary

CBO Projects Tepid Economic Growth, Rising Deficits Despite Rising Revenues

Congressional Budget Office, The Budget and Economic Outlook: 2015 to 2025 Congressional Budget Office, The Economic Outlook for 2015 to 2025 in 17 Slides Congressional Budget Office, Presentation with the Release of the Budget and Economic Outlook New York Times, Budget Forecast Sees End to Sharp Deficit Declines Wall Street...

Behind the CBO’s Forecast: Visions of the Third-Longest Expansion in U.S. History

The Congressional Budget Office predicts the government's deficits will shrink in 2015 and again in 2016. Even more surprising: Its estimates that the recovery will continue through at least the end of 2017. If correct, that will be a 102-month economic recovery: the third-longest in U.S. history.

Obamacare’s Coverage Expansion Will Cost Less Than We Expected

The new Congressional Budget Office estimates could challenge what has been a longstanding argument of congressional Republicans. The post Obamacare’s Coverage Expansion Will Cost Less Than We Expected appeared first on ThinkProgres...

US budget deficit to shrink again this year

2 days agoNews : The Raw Story

The US budget deficit is expected to shrink in the current fiscal year but climb after 2017 as spending mounts on health and retirement benefits, a government agency said Monday. The Congressional Budget Office, the independent agency that provides economic and budgetary analysis to Congress,...

Is Dynamic Scoring of Tax Bills Ready For Prime Time?

The House has instructed the Joint Committee on Taxation and the Congressional Budget Office to factor in the macroeconomic effects of tax law changes when calculating the official budget score of revenue bills. But are existing models up to the task of what’s commonly called dynamic scoring? A group of experts assembled today by the […]

Obamacare cost to be 20% less than forecast, budget office says

President Obama's healthcare law will cost about 20% less over the next decade than originally projected, the Congressional Budget Office reported Monday, in part because lower-than-expected healthcare inflation has led to smaller premiums.

CBO: Budget Deficit will Shrink before it Continues to Climb

The Congressional Budget Office (CBO) has released its 2015 to 2025 Budget and Economic Outlook. In this yearly publication, the CBO examines current laws (taxes and spending) and projects the outlook for the federal government’s budget for the next 10 years. One of the topline projections the CBO makes is the budget deficit. Show More Summary

2015 Will Continue Streak Of Shrinking U.S. Budget Deficit

3 days agoNews : The Two-Way

The federal budget deficit will fall in 2015, the sixth consecutive year of decreases relative to the overall economy, according to new figures by the Congressional Budget Office.

CBO: Interest on federal debt will triple over coming decade

The federal budget deficit will ease slightly to $468 billion this year, the Congressional Budget Office said Monday, but the agency warned that the mounting level of federal debt over the next decade would mean a tripling of interest payments and new spending constraints. The projected deficit, equivalent to 2.6 percent of the size of […]

Deficit to shrink to lowest level of Obama presidency, CBO says

Solid economic growth will help the federal budget deficit shrink this year to its lowest level since President Barack Obama took office, according to congressional estimates released Monday. Continue reading ? The post Deficit to shrink to lowest level of Obama presidency, CBO says appeared first on PBS NewsHour.

U.S. Deficit to Dip in 2015; Era of Dramatic Declines Ends

Susan Walsh/AP By David Lawder WASHINGTON --The U.S. budget deficit will decline slightly to $468 billion this fiscal year from $483 billion last year, the Congressional Budget Office said on Monday in a report that marks the end toShow More Summary

U.S. Deficit To Dip To $468 Billion In FY 2015: CBO

WASHINGTON (Reuters) - The U.S. budget deficit will decline slightly to $468 billion this fiscal year from $483 billion last year, the Congressional Budget Office said on Monday in a report that marks the end to an era of dramatically falling deficits. Show More Summary

America, Here Is Your Economic Future (USD, DIA, SPY, QQQ, TLT, IWM)

The Congressional Budget Office just released its latest economic outlook for the US economy through 2025. Among other things, the CBO expects the US deficit to grow starting in 2018 and that GDP growth will average 2.5% from 2014-2018,...Show More Summary

The US Deficit Will Shrink For The 6th Straight Year

According to new estimates from the Congressional Budget Office (CBO), the US budget deficit will shrink to $468 billion in 2015. This assumes 3% GDP growth in 2015. This is down from $483 billion a year ago. "This will mark the sixth...Show More Summary

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