Despite Paul Krugman’s lack of imagination President Obama could have easily done more to help the economy in 2009-2010 but choose not to. Defenders of Obama’s failure to do more stimulus point to the fact that Congress probably wasn’t interested in passing another “stimulus bill,” but Congress was approving several important bills that stimulating provisions [...]
|By: Jon Walker Thursday December 4, 2014 1:00 pm|
|By: letsgetitdone Sunday October 12, 2014 4:03 pm|
The Peter G. Peterson Foundation (PGPF) and its allied army of associated deficit hawks want the Congressional Budget Office (CBO), the General Accountability Office (GAO), and the Office of Management and Budget (OMB) to do fiscal gap accounting and generational accounting on an annual basis and, upon request by Congress, to use these accounting methods to evaluate major proposed changes in fiscal legislation.
|By: Jon Walker Thursday October 9, 2014 10:15 am|
Paul Krugman has new Rolling Stone article, In Defense of Obama, but he decides he needs some historical revision for his defense. He claims the Affordable Care Act is “working better than anyone expected.”
|By: Jon Walker Tuesday October 7, 2014 9:20 am|
A new concern among some Liberal commentators is that if Republicans win control of the Senate they will change how the Congressional Budget Office works to make its results more pro-Republicans. Mainly it is fear they will have it adopt a form of “dynamic scoring” which assumes tax cuts almost always spurs growth.
|By: Peter Van Buren 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.
|By: Jon Walker 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.
|By: Jon Walker 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.
|By: Jon Walker 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.
|By: Jon Walker 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.
|By: Jon Walker 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.