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    Don’t Hit Snooze on the Debt

    The national debt is a few years away from an unprecedented peacetime explosion, according to the Congressional Budget Office (CBO). Without serious fiscal restraint, public debt will reach 80 percent of gross domestic product (GDP) in 2022 and then explode to 190 percent of GDP in 2038, around the time … 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 Long-Term Budget Outlook Shows Tax Hikes Unnecessary—Again

    The Congressional Budget Office (CBO) released its long-awaited long-term outlook on the budget today. As surely as the sun rises in the east, it shows there is no need to raise taxes. According to the CBO, federal tax revenues will reach 18.5 percent of gross domestic product (GDP) in 2023, … 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

    Reporters Should Get Their "PolitiFacts" Straight on Obamacare

    Does calling a reporter a “fact checker” make him or her more even-handed? Hardly. PolitiFact is a case in point. It is a website of the Tampa Bay Times, manned by journalists and editors. It purports to rule from on high on the veracity of political statements, assigning “Truth-O-Meter” ratings … More

    White House Report Ignores That We Need a Better Economy, Not Amnesty

    The White House yesterday released a report with state-by-state projected impacts from “commonsense immigration reform” that is “like the Senate bill.” It is the latest in a series of reports from various governmental and private firms that show that the economy will be bigger with increased immigration. On its face, … More

    Sequestration Helps Force Needed Spending Cuts and Enables Private-Sector Jobs

    The Congressional Budget Office (CBO) released a letter this week describing how canceling sequestration in 2014 would affect the economy. The CBO dutifully plugged the numbers into its economic model, and the model gave the result it was written to give: more government spending equals more output in the government … More

    Moody's: Further Deficit Reduction Needed to Maintain Stable Outlook

    Moody’s changed the outlook on the U.S. credit rating from negative to stable this week, citing improving deficits. While this is good news, policymakers should curb their enthusiasm about what this means for the U.S. debt situation. The improvement could be fleeting, as Moody’s relies heavily on favorable economic growth … More

    Immigration: White House Report Ignores Unfair, Unworkable, and Costly Amnesty

    Today the White House released a report called “The Economic Benefits of Fixing Our Broken Immigration System,” detailing purported economic growth from immigration reform and drawing significantly on the Congressional Budget Office report on the Senate comprehensive immigration bill (S. 744). The White House’s report fails in several areas. Measures … More

    The Massive Costs of the Latest Obamacare Waiver

    Policymakers are still recovering from yesterday’s shocking admission by the Administration that it can’t implement Obamacare’s employer mandate without destroying jobs. The announced one-year delay in enforcement brings with it an immediate revenue loss. But by further encouraging firms to drop coverage now—allowing businesses to privatize gains and socialize losses—the … More