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    Unemployment Benefits: No Free Lunch

    Would spending more money on unemployment benefits create jobs? The Congressional Budget Office (CBO) thinks so. According to a new CBO report, extending the current 73 weeks of unemployment insurance (UI) benefits would lead employers to create 300,000 new jobs. This seems highly implausible. Economists widely agree that UI causes … More

    Warren Buffett Wrong Again on Tax Increases

    As we approach the “fiscal cliff,” there was little doubt that famed investor and self-appointed political sage Warren Buffett would pipe in at some point with his periodic call for higher taxes on his ilk of billionaires. Today was the day. Buffett, of course, is welcome to his opinion, but … More

    Morning Bell: Should We Pay Government Employees More?

    Federal employees—who work on average a month less than private-sector workers and get paid more—are lobbying for higher pay. Government unions know that Congress is looking for ways to nip and tuck the federal budget, and they’re counting on being left out of the deal. “The Federal-Postal Coalition—a group representing … More

    Congressional Budget Office Confirms FY 2012 Deficit Exceeds $1 Trillion

    Fiscal year 2012 concluded with a $1.1 trillion deficit, according to the Congressional Budget Office’s monthly budget review released today. It marks the fourth year of trillion-dollar-plus deficits. Anyone can see that these massive, continued deficits are hardly sustainable. Despite claims that tax hikes are the solution to reduce the … More

    Social Security: Runs Permanent Deficits, Benefit Cuts Loom

    Social Security paid out more to retirees and other beneficiaries than it collected in tax revenue in 2011. This is the second straight year the program is running deficits, as highlighted in a recent Congressional Budget Office (CBO) report. Social Security’s finances will only get worse without reform, as the … More

    Morning Bell: Two Liberal Whoppers on Medicare

    A debate that has been fought largely over the airwaves is about to go head-to-head. Medicare reform is a huge part of that debate, and the left—bolstered by the media—has been promoting two huge falsehoods on the issue. Several proposals from conservatives and liberals for Medicare reform, including The Heritage … More

    Morning Bell: Obama and Congress Are Choosing to Cause a Recession

    President Obama recently said, “The most important lesson I’ve learned is you can’t change Washington from the inside.” That’s demoralizing to hear when a recession is bearing down on the economy—and it’s an inside job. The Congressional Budget Office has forecasted a fresh recession to hit next year if Taxmageddon, … More

    Morning Bell: Obama Doesn't Just Gut Welfare Reform, He Turns It Upside Down

    The controversy over the Obama Administration’s gutting of welfare reform continues to grow. Two new government reports show the move’s illegality and effects on taxpayers. And the House of Representatives is set to vote today to approve or disapprove Health and Human Services’ (HHS) rewriting of the 1996 law. Yesterday, … More

    Morning Bell: How Obamacare Robs Medicare and Hurts Seniors

    The rhetorical Medicare wars have heated up this week, after President Obama declared in his Saturday radio address that his proposed reforms “won’t touch your guaranteed Medicare benefits. Not by a single dime.” This is incorrect. Obamacare cuts $716 billion from Medicare over the next 10 years, according to the … More

    CBO Appears Immune to Embarrassment

    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, because CBO’s faulty analysis doesn’t change. Each time CBO does an … More