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BLOWOUT: Coronavirus relief spending will cause federal debt to increase to 104 percent of GDP by next year


Furthermore, the CBO projects that federal debt will increase to 195 percent of GDP by 2050. ... This would then increase the resources available for private investment, household consumption and exports according to the CBO. "...

Cowardly lawmakers relying on bogus CBO estimates of people who will "lose coverage" under Obamacare repeal: Is collapse of the system better?


Cowardly lawmakers relying on bogus CBO estimates of people who will “lose coverage” under Obamacare repeal: Is collapse of the system better? ... For lawmakers to use a bogus CBO projection as a reason to do nothing about Obamacare is dishonest and unacceptable. "...

Trump tax cuts are boosting economic growth and are mostly paying for themselves


First of all, CBO has revised its economic forecast upward — by a lot — for this year and next. ... “Underlying economic conditions have improved in some unexpected ways since June,” said the CBO in its recent report. "...

Congressional Budget Office now admits catastrophic debt 'crisis' inevitable for America


But there is only so much the CBO can do. Like a broken record, the warnings keep coming In its latest budget projection, which covers the 10-year period between 2013 and 2023, the CBO offers yet another dire warning that lawmakers ignore at there - and our - peril. ... Per CNSNews.com: The word "crisis" appears numerous times in the report, as the CBO explains the negative consequences of burdensome debt. "...

Healthcare spending and Social Security to hit over $3 trillion a year


The CBO says the coverage under the Affordable Care Act will cost more like $1.3 trillion over the next decade. ... In August, the CBO estimated that figure to be around four million people but the number rose to about seven million people in this latest report. "...

New CBO analysis of GOP healthcare bill predicts 14 million fewer Americans covered, but Obamacare didn’t cover everyone, either


New CBO analysis of GOP healthcare bill predicts 14 million fewer Americans covered, but Obamacare didn’t cover everyone, either Tuesday, March 14, 2017 by: JD Heyes American Health Care Act , CBO , GOP , obamacare , President Donald J. ... But there are other things to like in the CBO’s report that Republicans and the president should seize upon. "...

Repealing Obamacare individual mandate would boost health freedom and save the government hundreds of BILLIONS each year


“We’re seeing with the CBO report that repealing the mandate would reduce the deficit by nearly $340 billion over 10 years,” said Sally Pipes, president of the Pacific Research Institute. ... Sources include: NowDecatur.com NaturalNews.com FreeBeacon.com Previous :After attacking coconut oil as “dangerous” and pushing blood pressure drugs as the solution, American Heart Association president suffers a heart attack Next : The top 10 rules for the next generation of liberty movement leaders ...

Thanks, President Obama, for the endless wave of costly entitlement handouts mired in schemes and scams


The paper said budget figures like that one were buried within a 15-page section in the nonpartisan CBO's latest 10-year budget outlook. ... That would be only about two-thirds of what the CBO now says the program will cost per insured. "...

US govt. admits Social Security going bankrupt; warns public should be given 'adequate time to prepare' for the collapse


"Debt would be on an upward path relative to the size of the economy, a trend that could not be sustained indefinitely," the CBO report said. ... The CBO forecast that public debt would grow from about 74 percent of gross domestic product now to about 77 percent in 2025. "...

The fraud roll-out continues: Obamacare costing taxpayers twice as much as originally claimed


Congressional Democrats delayed these provisions in order to show only six years of spending under the plan in the original 10-year budget window (from FY2010-19) used by CBO at the time the law was enacted," said the staff report. ... You may have noted that the figures used by the GOP staff report come from CBO (the non-partisan Congressional Budget Office). "...

Ten years of Obamacare would cost 1.76 trillon dollars - far more than originally claimed


"The ACA's (Affordable Care Act) provisions related to insurance coverage are now projected to have a net cost of $1,252 billion over the 2012-2022 period," says the CBO report. ... "Given that in 2022, the last year available, the gross cost of the coverage expansion are $265 billion, we're likely looking at about $2 trillion over the first decade, or more than double what Obama advertised" (http://cbo.gov/publication/43080 - Search on GoodGopher.com GoodGopher.com is the new search ...

21 Facts That Prove That Dependence On The Government Is Out Of Control In America


According to a Congressional Budget Office study http://www.cbo.gov/sites/default/files/cbofi... target="_blank">that was just released , approximately 60 percent of all U.S. households get more in transfer payments from the government than they pay in taxes. Here is more about this stunning report http://www.aei.org/publication/new-cbo-study... target="_blank">from Mark J. "...

Obamacare to destroy 2 million jobs in America, says government budget office


The CBO maintains that most of these cuts will be voluntary in nature, with an increasing number of taxpayers simply deciding to opt out of the workforce altogether rather than pay higher taxes for fewer benefits. ... "CBO estimates that the ACA will reduce the total number of hours worked, on net, by about 1.5 to 2 percent during the period from 2017 to 2024, almost entirely because workers will choose to supply less labor - given the new taxes and other incentives they will face ...

Foreign holdings of U.S. debt almost equal the entire GDP of the U.S. economy


For the 2014-2023 period, deficits in CBO's baseline projections total $7.0 trillion." ... Sources for this article include: http://www.cnbc.com/id/100695176 http://www.cbo.gov/publication/43907 http://hotair.com - Search on GoodGopher.com GoodGopher.com is the new search engine for truth seekers. "...

Financial disaster looms for America: $106 trillion in unfunded obligations mounting up over 30 years


"I used to joke that the estimate was based on whatever my mood was in the shower that morning," former CBO director Douglas Holtz-Eakin told the magazine. ... The Senate GOP's projections are based on CBO's cost projections and generally conservative. "...

Obamacare was passed thanks to 'lack of transparency' and 'stupidity of the American voter,' says ACA architect


I mean, this bill was written in a tortured way to make sure CBO [Congressional Budget Office] did not score the mandate as taxes. If CBO scores the mandate as taxes, the bill dies. Okay? So it's written to do that [to be purposely confusing and obfuscating]." "...

Obama: 'We Got Back Every Dime' of Bailout; CBO: Bailout Will Lose $24 Billion - Buzz.NaturalNews.com


Obama: 'We Got Back Every Dime' of Bailout; CBO: Bailout Will Lose $24 Billion Posted: October 16, 2012 | Comments Tweet Follow @HealthRanger (CNSNews.com) - President Barack Obama said on Thursday that "we got back every dime we used to rescue the financial system." "...

Progressives freaking out over uptick in birth rates among families earning money from the fracking industry


Vox’s Sarah Kliff responded to the CBO report by warning that defunding Planned Parenthood would have a “severe impact” and leave “patients little options to seek similar care elsewhere.” Vox’s Emily Crockett also responded to the CBO report, warning “if this bill passes, there’s no guarantee that women will have any good options for private insurance coverage of abortion – a procedure that, out of pocket, can cost from $500, for an earlier abortion, to tens of thousands of dollars, ...

Growing obesity epidemic will double diabetes population and triple medical costs by 2034


Congressional Budget Office (CBO) prediction figures did not take this into account nor did they consider disease progression or the effects of treatments in their models, two additional areas the study aimed to capture in its model. One factor missing from CBO models that was addressed by the study was proposed preventive health legislation. "...

U.S. spending on welfare fast approaching $1 trillion per year


In recent months, the Congressional Budget Office (CBO), a non-partisan entity, said , which are driven by excessive spending on entitlements, are unsustainable. Just last month, the CBO warned that, without any changes in policy or law, the national debt would hit 100 percent of annual GDP by 2038. "...