by Jane Richey | Feb 13, 2013 | Fiscal Responsibility, Politics
Congressional Budget Office Director Douglas Elmendorf said that unless Congress gets the federal budget under control, stimulus spending policies will be a “drag” on the economy in the future as the government struggles to pay the increased debt. “If cuts in taxes or...
by Jane Richey | Feb 6, 2013 | Fiscal Responsibility, Health Care
The Congressional Budget Office is offering a bleak picture of the exponential growth of entitlement spending over the next decade, stating that 53% of all federal spending in that time, amounting to $24.9 trillion, will be due to entitlements and Obamacare. n its...
by Jane Richey | Feb 6, 2013 | Constitutionally Limited Goverment, Fiscal Responsibility, Politics
Obama lately has acted as though most of the work has already been done to get the debt problem under control. At a recent press conference, he claimed that he’s already cut long-term deficits by $2.5 trillion and that “closing some additional loopholes...
by Jane Richey | Feb 6, 2013 | Health Care
According to the Congressional Budget Office, Obamacare will push 7 million Americans off of their employer-based health plans by 2022. So much for the law’s goal of introducing an era of universal coverage. The 7 million figure, reported Tuesday, is a revision....
by Jane Richey | Feb 5, 2013 | Fiscal Responsibility, Politics
The federal budget deficit will fall to $845 billion in 2013 before rising again over the next decade as an aging population and soaring healthcare costs lead to an explosion in entitlement spending, the Congressional Budget Office reported Tuesday. The budget deficit...
