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Fox Falsely Blames Administration's Tweaks For Ending CBO's Obamacare Scoring

A Fox News correspondent blamed the Obama administration's tweaks to the implementation of the Affordable Care Act (ACA) for the Congressional Budget Office's (CBO) announcement that it would no longer estimate the total cost of the law, and suggested that the changes may increase deficits. Show More Summary

Morning Bits

Add it to the list of Obamacare problems. “A primary aim of the Patient Protection and Affordable Care Act (ACA) is to expand insurance coverage, especially among households with lower incomes. The Congressional Budget Office (CBO) projects that about one-third of the additional insurance coverage expected to occur because of the law will come from […]

Things Are Looking Up For Obamacare

Cohn comments on the new Commonwealth Fund report I highlighted earlier today: The Congressional Budget Office predicted that, one year into full implementation, Obamacare would reduce the number of Americans without insurance by twelve million. That included the young adults who got insurance before 2014, by signing onto their parents’ plans. There’s been some controversy […]

Prescription Drugs Crowd Out Shipbuilding in US Defense Budget

Bloomberg has seen the US Navy’s latest 30-year shipbuilding plan, which finally acknowledges that it “requires funding at an unsustainable level” to deliver the number of new vessels in the plan. The Congressional Budget Office (CBO) has been saying so for years. When the Government Accountability Office pointed out last month that the Pentagon was […]

Rush Limbaugh Blames Highway Fund Shortfall on ‘Environmentalist Wackos’

The Highway Trust Fund is about to go broke. The Congressional Budget Office said the fund will need about $8.1 billion to meet it’s obligations through the end of 2014. The Highway Trust Fund is financed through gas taxes. An excise tax of 18.4 cents per gallon of gasoline or 24.4 cents per gallon of [...]

The Congressional Budget Office: The Cost of Liability for Nuclear Accidents

In a recent discussion of a Breakthrough institute Institute pos titled Nuclear Is Cheaper Than Solar Thermal a commenter who went by the name Solar Reserve stated:... nuclear in the US cannot even be insured without the US government...Show More Summary

Morning Bits

Don’t bother with the facts, the opponents have made up their minds. “For fiscal conservatives, the Congressional Budget Office (CBO) estimates the Senate bill would reduce our deficit by nearly a trillion dollars over the next 20 years. Show More Summary

Good And Bad News About The ACA Penalty Tax

An important feature of the Affordable Care Act (ACA) is the penalty tax imposed on people who do not have health insurance. But newly updated report from the Congressional Budget Office projects that just under 4 million people will...Show More Summary

Obamacare And The CBO — No Longer ‘Giddy’

How critical to the passage of Obamacare was the 2010 “score” given the legislation by the Congressional Budget Office? Recall the President’s signature legislation barely passed, and squeaked by along party lines — without a single Republican vote. Show More Summary

Does Uncle Sam make money lending to students?

In May, the Congressional Budget Office issued a report stating that federal student loans programs would either cost the federal government $88 billion over the next ten years or make the government $135 billion, depending on which accounting method they employed. This conclusion occasioned some impassioned commentary from a small group of concerned observers here […]

CBO: Deficit Improves to $439 Billion

The federal budget deficit for fiscal 2014 reached $439 billion by the end of May, the nonpartisan Congressional Budget Office reported Friday. The eight-month total is $188 billion less and is the smallest since President Barack Obama took office. Show More Summary

'Obamacare' Cost Can't Be Determined, Says Congressional Budget Office

The Congressional Budget Office, which originally estimated that the Affordable Care Act, or "Obamacare," would reduce the national debt by $120 billion, now says it has no way of estimating the cost of the new health care law.

Mitt Romney: Not Healthy Congress Hasn't Passed Amnesty

On Friday, failed 2012 GOP presidential nominee Mitt Romney said it wasn't healthy that Congress has not passed amnesty legislation that the Congressional Budget Office determined would lower the wages of American workers. "I do believe...Show More Summary

GOP candidate gets CBO finding on Obamacare right, but his ad doesn’t

“Obamacare will cost 2.5 million jobs … 27,000 Iowa jobs” –headline in new campaign ad for Mark Jacobs, GOP Senate candidate “The Congressional Budget Office concluded that because of Obamacare, we are going to have 2½ million less people working.” – Jacobs, speaking in the same ad. Mark Jacobs is a wealthy businessman seeking the Republican […]

OH: Highway Funds From Federal Gas Tax Approach Empty

The federal highway trust fund -- paid for with a federal gasoline tax of 18.4 cents per gallon -- is on track to dry up in August, says the Congressional Budget Office, meaning the government would run out of money to pay for maintaining and building highways.

Improving The Congressional Budget Office Review Of Legislation

By Steven Hansen: The Congressional Budget Office [CBO] announced in the past week its current economic advisers. This got me thinking of what advice the CBO needs. What are the duties of the CBO: CBO's chief responsibility under the Congressional Budget Act is to help the House and Senate Budget Committees with the matters under their jurisdiction. Show More Summary

After Backing Amnesty, Tea Party Express Chair Claims He Stands with Sen. Sessions, American Workers

A day after writing an op-ed in favor of amnesty legislation that the Congressional Budget Office determined would lower the wages of American workers, Sal Russo, the co-founder and chief strategist of the Tea Party Express group, claimed on Thursday that he stood with American workers and Sen. Show More Summary

A $900 billion slowdown in health care spending? Thanks, Obamacare

2 months agoUS Politics / Liberal : Daily Kos

The Committee for a Responsible Federal Budget has crunched those great Obamacare numbers from the Congressional Budget Office last month, and has figured out that there will be a $900 billion slowdown in federal health care spending,...Show More Summary

Obama at Cinco de Mayo Reception: Mobilize for Amnesty

At a Cinco de Mayo reception at the White House, President Barack Obama urged amnesty advocates to mobilize during the next two months to pressure Congress to enact immigration reform. Even though the Congressional Budget Office determined...Show More Summary

This Is What a Government Going Broke Looks Like

2 months agoNews : Reason

Do you ever get he impression that the Congressional Budget Office (CBO) is trying o tell us something? The CBO publishes numeous reports on matters financial regarding he government. Many of the recent ones have been full of fairly downbeat verbiage, with the word "unsustainable" appearing a lot. Show More Summary

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