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


And like Democrats, they are using the latest CBO projection as “proof” that they cannot, ‘in good conscience,’ vote for the current bill. ... For lawmakers to use a bogus CBO projection as a reason to do nothing about Obamacare is dishonest and unacceptable. "...

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


Yes, the CBO assessment did in fact state that up to 14 million more Americans over a period of years would not be covered under any health insurance plan. ... But there are other things to like in the CBO’s report that Republicans and the president should seize upon. "...

The American economy cannot afford another four years of a Biden presidency


Biden’s government continues to widen the budget deficit with reckless spending To prove Roth’s point, the non-partisan Congressional Budget Office (CBO) released a report noting how the federal budget deficit in the first six months of the 2023 fiscal year, which began on Oct. 1, 2022. ... The CBO noted that the increase is primarily caused by the Federal Reserve lifting its benchmark interest rate, mistakenly believing it would help combat inflation. "...

Analysts: Biden green energy agenda could cost $1.2T


The cost of these incentives is estimated by the Congressional Budget Office (CBO) to be at $369 billion between fiscal years 2022 and 2031. ... The Goldman Sachs predictions cover 2022 through 2032, a year more than the time period studied by the CBO. "...

US could default on its debt by July if deal on raising the debt ceiling is not reached


The U.S. is expected to reach this limit , according to the CBO’s projections. For now, the Department of the Treasury is working overtime deploying , referred to as “extraordinary measures” by the CBO, to make sure the government can keep paying its obligations, such as to bondholders and to Social Security recipients. ... Should these revenues decline significantly from the CBO’s own estimates, the extraordinary measures “could be exhausted sooner, and Treasury could ...

Nonpartisan Congressional Budget Office predicts SKY-HIGH food inflation to persist until 2023


Biden policies making CBO’s economic outlook even worse The CBO’s economic outlook blamed Biden’s 2021 Wuhan coronavirus (COVID-19) stimulus bill for today’s high inflation rates. ... “But there’s more,” wrote the Washington Examiner in its analysis of the CBO’s report. "...

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. "...

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. "...

Democrats to give the IRS $80 billion to harass hardworking Americans with more audits and increased scrutiny


According to the non-partisan Congressional Budget Office (CBO), a $79.6 billion investment into the IRS will yield the government an additional $204 billion in tax collection over the next decade. internal figures at the Department of the Treasury project that what the IRS could take from Americans could be more than $400 billion. ... “If this program is really implemented, instead of the $200 billion that the CBO estimates, I think the benefit could be $500 billion or even, possibly, ...

Ron Paul says "social unrest and violence" to follow "mother of all economic crises"


“According to the Congressional Budget Office (CBO), interest on the national debt is already on track to consume 40 percent of the federal budget by 2052 and will surpass defense spending by 2029!” "...

IRS whistleblower says Inflation Reduction Act will target middle-income taxpayers


This could include car dealerships and roofing companies, according to Henk, whose comments came after the nonpartisan Congressional Budget Office (CBO) found that working-class Americans will end up paying billions in new taxes if the IRA pushes through. Republicans on the House Ways and Means Committee said they received this information from the CBO, confirming that under the new legislation, lower- and middle-income Americans will end up paying an estimated $20 billion more ...

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. "...

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 ...

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). "...

Biden's Inflation Reduction Act imposes fee on greenhouse gas emissions


Based on the data from 2019, the Congressional Budget Office (CBO) estimates the new fees will increase to $1.1 billion in the fiscal year 2026, and almost $1.9 billion by fiscal year 2028. CBO projects revenues will decrease after that as facilities implement methane reduction strategies. "...

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. "...

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 ...

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. "...

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. "...