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  • congressional budget office

    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

    Are Americans Better Off Today Than They Were Four Decades Ago?

    Many pundits and politicians argue that middle-class incomes have stagnated over the past generation. But more accurate data show that the typical household’s income has risen by at least one-fifth in recent decades. Former Clinton Labor Secretary Robert Reich expressed this view when he argued that we have gone through … More

    Obamacare: Taking Away Americans' Health Coverage

    In Indianapolis, married couple Rod Coons and Florence Peace are satisfied with their current health insurance coverage: I’d prefer to stay with our current plan because it meets our needs. Unfortunately, that’s not possible—because Obamacare’s government bureaucrats are forcing Coons and Peace off their health plan. As Kaiser Health News … 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

    A Constructive First Step to Reform Social Security

    Dave Camp (R–MI), chairman of the House Ways and Means Committee, has announced a series of hearings on bipartisan entitlement reform proposals, the first of which is using the chained Consumer Price Index (CPI) for Social Security. In advance of these hearings, Camp has issued a request for public input. … 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

    ANALYSIS | Obama’s Economic Speech: Another Summer Rerun

    President Obama traveled to Illinois today to give the same tired, worn-out economic speech he’s been giving for almost five years now. Rather than offering new solutions that could revive the dormant economy and put people back to work, the President offered the same old policies that have already failed, … 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

    Rebutting President Obama on Obamacare and Premiums

    President Obama just finished speaking about Obamacare a few minutes ago. Several of his claims merit specific responses: The President claimed that Obamacare was serving as a “check on rising costs.” But what he didn’t say is that Obamacare is actually reducing costs—because it’s not. The non-partisan Medicare actuary concluded … More