Yesterday, the CBO released its score of the Gang of Eight’s immigration bill. Heritage’s Derrick Morgan began analyzing the numbers immediately and saw major problems. The Gang of Eight bill: WILL NOT stop illegal immigration – Despite promises of a secure border, the bill would slow future illegal immigration by only 25 percent, according …
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 …
The Medicare program that provides health insurance to seniors faces a dire financial future. And Obamacare is making it worse. Medicare’s Part A trust fund is projected to be insolvent by 2026 and the total program has a long-term unfunded obligation of more than $35 trillion. This means the government …
Crop insurance is probably not the first thing you want to talk about at a cocktail party. It isn’t sexy. However, it starts looking a lot prettier when common-sense reforms to crop insurance could save taxpayers billions of dollars. The Senate is currently debating its bloated farm bill. The Congressional …
The Congressional Budget Office’s (CBO) official score of President Obama’s budget shows in numbers a vision for economic decline in America. The President imposes a tax increase totaling $1.1 trillion (and a net increase of about $1 trillion), some components of which would directly hit middle-class and lower-income Americans. On …
