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  • CBO Report

    CBO Report Shows President’s Budget Relies on Rosy Economic Assumptions

    According to the non-partisan Congressional Budget Office (CBO), total deficits under President Obama’s 2015 budget proposal would be $1.7 trillion higher than the administration’s previous estimates. This is no small difference; it is equivalent to one and a half sequesters. So, how is it that CBO and the administration can … More

    CBO Again Repeats Faulty Methodology to Estimate Impact of Stimulus

    There they go again. The Congressional Budget Office (CBO) just released yet another report on the beneficial impacts on the economy of President Obama’s 2009 stimulus. This latest one uses the same faulty methodology CBO used in prior reports. The CBO report follows closely on the heels of a similarly … More

    Health Care Spending Crisis Coming; Obamacare Adding Fuel to the Fire

    Today’s Congressional Budget Office (CBO) report reiterates the long-standing and obvious fact that there is a health care spending crisis approaching, resulting largely from the structurally flawed Medicare program and made significantly worse by Obamacare’s new unfunded entitlement spending. The key points: Medicare spending is unsustainable, but it’s even more … More

    CBO Report's Facts Speak Louder Than Obama's Spending and Debt Crisis Denial

    The release of today’s Congressional Budget Office (CBO) report on the long-term budget outlook sends one message loud and clear: The U.S. spending and debt crisis is only getting worse. U.S. public debt doubled since before the recession and stands at a 50-year high today. The American public has not … More

    CBO Report Shows Us Worse Off After Immigration Reform (VIDEO)

    If 10 guests of The Heritage Foundation each bought a bag of popcorn during one visit, and 20 guests bought the same size bag at a later date, Heritage would sell more popcorn the second time. Bill Beach, chief economist on the minority staff of the Senate Budget Committee, used … More

    First Take on the CBO Report: Amnesty Hurts U.S. Workers

    The Congressional Budget Office (CBO) released its cost estimate and economic impact documents for S. 744, the Border Security, Economic Opportunity, and Immigration Modernization Act, today. We are still analyzing the lengthy reports, but already a few items stand out as noteworthy. Reducing Flow CBO reports that S. 744 would … More

    Quiet Before the Storm: CBO Reports $642 Billion Deficit in 2013

    At $642 billion, the Congressional Budget Office (CBO) reports, the 2013 deficit will be lower by $200 billion than previously forecast. In February, the CBO projected a deficit of spending over revenue of $845 billion, but a large and temporary boost in revenues is pushing that figure down. Like the … More

    CBO Report Shows ObamaCare Raises Premiums

    Media coverage of the CBO scoring of Senate Majority Leader Harry Reid’s health care bill left out some of the fine print and heroic assumptions that were in the report. The Heritage Foundation believes they merit your consideration. Premiums Rise The media quotes the CBO as saying that ObamaCare would … More

    Obamacare in the Senate: The Debate Starts Right Now

    The Senate commenced debate today on Senate Majority Leader Harry Reid’s (D-NV) version of Obamacare and nobody knows if the bill will pass. Politico reports that there are four key Senators to this debate: Senators Ben Nelson (D-NE), Mary Landrieu (D-LA), Blanche Lincoln (D-AR) and Joe Lieberman (ID-CT). The real … More