Tags » Congressional Budget Office

Reduce federal spending and balance the budget & Demand Republicans Promise to Give up Salaries in a Shutdown!

Lame Duck Budget – On December 11, unless Congress passes a budget, the government will shut down… again. Tell Congress to reduce spending and pass a responsible budget!  300 more words

Don Lichterman

Why Obama’s immigration plan is a wild card for the U.S. economy

In a move to reform America’s broken immigration system, President Obama last week decided to use his executive authority to provide relief from deportation to approximately 5 million undocumented immigrants while granting them temporary legal status and the opportunity to secure work authorization. 672 more words

Finance

Why Do some Advocates of Small Government Want to Keep a Democrat Appointee at CBO?

Since I’ve accused the Congressional Budget Office of “witch doctor economics and gypsy forecasting,” it’s obvious I’m not a big fan of the organization’s approach to fiscal analysis. 1,196 more words

Fiscal Policy

Paul Ryan’s stunning hypocrisy: The little-noticed way the GOP proved it’s full of it

SALON ~ ELIAS ISQUITH

GOP’s still banging the “Grubergate” drum — but an under-the-radar push from Ryan shows they don’t mean a word

As a general rule, I try not to write about hypocrisy in politics. 768 more words

Paul Ryan

CBO -- Growth in DoD's Budget From 2000 to 2014

Growth in DoD’s Budget From 2000 to 2014
Source: Congressional Budget Office

The Department of Defense’s (DoD’s) base budget grew from $384 billion to $502 billion between fiscal years 2000 and 2014 in inflation-adjusted (real) terms—an increase of 31 percent and an annual average growth rate of 1.9 percent (see figure below).

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Business And Economics

CBO -- Options for Reducing the Deficit: 2015 to 2024

Options for Reducing the Deficit: 2015 to 2024
Source: Congressional Budget Office

The Congress faces an array of policy choices as it confronts the prospect of large annual budget deficits and further increases in the already-large government debt that are projected to occur in coming decades under current law.

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Business And Economics

Why the rich pay more in taxes than you think

When economist Nicholas Eberstadt called the country “a nation of takers,” there was significant backlash among those on the left. Even President Obama responded, saying that entitlements “do not make us a nation of takers; they free us to take the risks that make this country great.” 444 more words

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