Hah Hah: You Are Poor

By: Thursday September 18, 2014 3:15 pm

Thanks for reading this. I hope it distracted you briefly from the daily hunger pangs you face. If you don’t complain, we’ll allow you 30 minutes of TV tonight. Now back to work serf.

 

CBO: Smarter Sentencing Act Would Save Billions Over the Next Decade

By: Friday September 12, 2014 8:57 am

A new report from the Congressional Budget Office looks at the financial impact of the Senate proposed Smarter Sentencing Act, which would reduce mandatory minimums for non-violent drug offenses. It found the law would on net save the federal government roughly $3 billion over the next decade and reduce the prison terms of roughly a quarter million people.

Obama Touts 8 Million Exchange Sign Ups

By: Thursday April 17, 2014 1:41 pm

Now that the official open enrollment closed last month and the extended quasi-open period ended a few days ago President Obama held a rare press conference to tout  the final numbers for Obamacare this year. The big number is 8 million people have selected a plan on the new exchanges created by the Affordable Care Act.

CBO Again Lowers Cost Estimates for Obamacare Coverage Provisions

By: Monday April 14, 2014 2:17 pm

Now that the Congressional Budget Office has some real enrollment numbers to work with they have again lowered the projected cost of Affordable Care Act coverage expansion provisions. They now assume these provisions will only cost $1,383 billion from 2015-2024. That is $104 billion less than their estimates from February of this year.

How Paul Ryan’s Budget Proves the Federal Debt isn’t a Priority for Republicans

By: Tuesday April 1, 2014 1:20 pm

The problem is that the CBO has recently downgraded its revenue projections, making it harder for Ryan to meet his goal of eliminating the deficit in 10 years. If the deficit was really a top priority for Republicans they could have made the tough decision to raise taxes or put forward even more cuts in spending. Instead they decided to basically cheat to get a better CBO score.

Obamacare: 7 Million Signups Isn’t 7 Million Covered

By: Tuesday April 1, 2014 11:36 am

When talking about health care the media has been conflating what are actually two very different things which just happen to contain the figure “7 million.” There is the 7 million signup benchmark for success set by the Obama administration and the 7 million covered by exchange plans projected by the Congressional Budget Office last year. While they may sound interchangeable they are not.

No, the GOP Did Not Take a 50th Vote to Repeal Obamacare

By: Thursday March 6, 2014 10:05 am

I’m annoyed when a political messaging gains so much traction that many in the media start treating it as fact. A perfect example of this is how so many outlets are reporting that House Republicans just took their “50th vote to repeal Obamacare.” I’ve seen places including Washington Post, Chicago Sun Times, Salon, Talking Points Memo, and NBC News call what happened yesterday a vote to “repeal or “gut” the law.

What That Letter Should Have Said

By: Thursday February 20, 2014 3:55 pm

On Valentine’s Day, Senator Bernie Sanders sent a letter to the President, authored by himself and signed by 15 other Senators, all Democrats. The letter was a response to the rumors that the President intends to include his Chained CPI proposal to cut Social Security benefits in the budget he will soon send to Congress.

Dear Dr. Krugman: Please Let Me Explain

By: Saturday February 15, 2014 11:15 am

Paul Krugman can’t explain why the deficit issue has suddenly dropped off the agenda.

Regular People Don’t Pay Any Attention to the CBO

By: Tuesday February 11, 2014 9:02 am

The drafting of the Affordable Care Act was repeatedly delayed to wait for new CBO scores. Democrats made getting a deficit reducing CBO score a top priority, going so far as to make several stupid policy choices just to assure they got a “good” score. The CBO claiming the law would reduce the deficit was made a top selling point in Democrats’ PR campaign.

Despite all this work, in the end the public still had no idea what the CBO said.

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