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.

CBO’s Affordable Care Act Predictions Were Relatively Accurate

By: Wednesday March 5, 2014 2:22 pm

The Congressional Budget Office’s original projections about the Affordable Care Act back in 2010 have ended up being very close to the actual result so far, according to a new article from the agency.

CBO: Supreme Court ACA Ruling Could Result in 3-4 Million Fewer Gaining Coverage

By: Tuesday July 24, 2012 1:45 pm

The Congressional Budget Office now estimates that roughly four million fewer Americans will likely gain insurance coverage in 2014 and three million fewer in 2022 as a result of the Supreme Court ruling. Most of the drop in coverage will be the result of states exercising their option to not expand Medicaid.

CBO: Paul Ryan’s GOP Budget Would Massively Cut Medicare and Medicaid

By: Tuesday March 20, 2012 5:45 pm

According to the Congressional Budget Office analysis of the Paul Ryan (R-WI) House Republican budget outline, at least what can be analyzed given that Ryan leaves huge unanswered questions about how his tax provision would even work, the plan calls for massive cuts in public health care spending. The result of the cuts would be millions of Americans ending up worse off.

CBO: Big Drop in Employer Provided Insurance Could Decrease the Deficit

By: Friday March 16, 2012 6:00 am

The Congressional Budget Office looked at the potential impact of companies choosing to drop their employee provide health insurance as a result of the Affordable Care Act. According to its analysis, if a large number of companies stop providing health insurance benefits it should cause the ACA on net to decrease the deficit even further.

Remember When a Possible 9 Percent Unemployment Was Considered a Huge Crisis?

By: Wednesday August 24, 2011 2:15 pm

The latest long term budget projections from the Congressional Budget Office assume that unemployment will be very high for years to come.

The Devastating Interest Burden of the Debt

By: Wednesday August 17, 2011 1:02 pm

As the chart shows the interest to GDP ratio is currently at a crushing 1.3 percent, near the post World War II low. However this figure overstates the burden somewhat. Last year the Federal Reserve Board refunded almost $80 billion to the Treasury. This was interest earned on government bonds and other assets it now holds. That leaves a net interest burden of 0.8 percent of GDP, by far the lowest of the post World War II era.

Reminder Most Senators Will Be Long Dead before Social Security Trust Fund is Exhausted

By: Sunday August 7, 2011 8:35 am

The Congressional Budget Office is out with a new report about the projected long term solvency of Social Security. The report reaffirms the basic fact that it will be roughly 27 years until the Social Security Trust Fund is exhausted.

CBO Report on Debt Ceiling Deal Released

By: Monday August 1, 2011 12:40 pm

There is a chance, if the economy slows, that a $2.1 trillion debt ceiling increase won’t be large enough to take us past the 2012 election. Even if this deal passes, we may see a repeat of this debt ceiling fight right in the middle of the election season.

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