by Jane Richey | Oct 8, 2012 | Fiscal Responsibility, Politics
The Congressional Budget Office (CBO) reported that the federal budget deficit has exceeded $1 trillion for the fourth year in a row, coming in at $1.1 trillion in fiscal year 2012 – or 7.0 percent of the economy. “The federal government’s fiscal year 2012 has come to...
by Jane Richey | Aug 28, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
The rhetorical Medicare wars have heated up this week, after President Obama declared in his Saturday radio address [1] that his proposed reforms “won’t touch your guaranteed Medicare benefits. Not by a single dime.” This is incorrect. Obamacare cuts $716 billion [2]...
by Jane Richey | Aug 24, 2012 | Fiscal Responsibility, Politics
The Congressional Budget Office (CBO) just released its latest concocted quarterly estimate on President Obama’s failed stimulus. CBO’s findings are as preposterous as its 11 previous studies of the stimulus, discussed here, here, and here. The story doesn’t change,...
by Jane Richey | Aug 22, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
Congressional Budget Office (CBO) predicts that if tax rates rise in 2013 as scheduled, the economy will fall back into recession, shrinking by 0.5 percent in 2013. CBO made the prediction in its annual summer budget update Wednesday. “But the sharp increases in...
by Jane Richey | Aug 14, 2012 | Constitutionally Limited Goverment, Free Markets
A report from the Congressional Budget Office (CBO) estimates that lifting the ban on federal oil drilling in certain areas could increase U.S. petroleum reserves by 30 percent, including an estimated 8 billion barrels of oil in the Alaska National Wildlife Refuge...
