Tag Archives: cbo

CBO Chief: Cost Of Obamacare Will Be Born By Workers In The Form Of Lower Wages

CBO Chief: Cost Of Obamacare Will Be Born By Workers In The Form Of Lower Wages

Yesterday the CBO produced a report indicating that Obamacare would cost an equivalent of 2.3 million jobs by 2021. The Obama administration very quickly spun that number, claiming that it meant 2.3 million would be freed of having to work all those hours. Because a nation with $17 trillion in national debt to pay off,

The Senate Farm Bill Is 80% Food Stamps

North Dakota’s Republican and Democrat Senators were today applauding the passage of the Senate version of the Farm Bill. “For the second year in a row, the Senate has voted by a large, bipartisan majority to pass a strong farm bill for American producers and consumers,” Senator Hoeven said in a press release. “It’s strong

CBO Report Has The Cost Of Obamacare Doubling

It’s becoming more and more clear that Obamacare is going to cost Americans dearly, as individuals. From skyrocketing premiums to our new part-time economy, the implementation of the law is going to be painful. And, according to the CBO, its going to be twice as painful in terms of the tax dollars it will cost

Federal Government Breaks Record In Tax Receipts

President Obama and his fellow Democrats say we need to raise taxes to fix the federal government’s debt and deficit problems, but the federal government just hit a new record for revenues shattering the previous high set in 2007: The federal Treasury expects to collect a record $2.712 trillion in taxes on Americans and U.S.

Obama Administration Hasn't Implemented $67 Billion In Cost Savings Recommended By The Obama Administration

The House Oversight Committee, chaired by Rep. Darrell Issa, released this video today showing the Obama administration’s comical finger-pointing game over who canceled the White House tours and notes that, despite the canceled tours, the President hasn’t implemented $67 billion in cost savings suggested by his own Inspectors General. From PJ Media (emphasis mine): “It’s

Federal Tax Receipts To Set A Record

From the way President Obama and Democrats talk about taxes in America, you’d get the idea that our problem is that we aren’t taxed enough. Yet, according to the CBO, tax revenues are on pace to hit an all-time record this year. The previous record was set in 2007, capping a multi-year expansion in federal

GAO: Obamacare Will Add $6.2 Trillion To Deficits

“First, I will not sign a plan that adds one dime to our deficits — either now or in the future,” said President Obama about health care reform on September 9th of 2009. “I will not sign it if it adds one dime to the deficit, now or in the future, period. And to prove

Paul Krugman: Obama Should Solve The Budget Deficit By Making A $1 Trillion Coin

Why reduce spending when you can just print more money? First of all, we have the weird and destructive institution of the debt ceiling; this lets Congress approve tax and spending bills that imply a large budget deficit — tax and spending bills the president is legally required to implement — and then lets Congress

"Deficit Hawk" Ends His Career Voting For Bigger Deficits

Two members of North Dakota’s congressional delegation ended their tenures in Washington DC this week. I wrote about Rep. Rick Berg earlier this week, who used his last vote to oppose the “fiscal cliff” deal. It’s interesting to contrast Berg’s last vote with Senator Kent Conrad’s last vote. The self-described “deficit hawk” gave his final

We Have to Pass the Bill So You Can Know What's In It

CNS is reporting that members in the Democrat controlled Senate received both the 154 page “Fiscal Cliff compromise” bill and the CBO scoring 3 minutes before they were to vote on the bill. Of course we’ve seen this tactic used ever since Obama became president, haven’t we? The U.S. Senate voted 89-8 to approve legislation

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