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  • congressional budget office

    Obamacare 2023: 31 Million Uninsured, $1.8 Trillion in Taxpayer Dollars Spent

    A poll released last week by InsuranceQuotes reveals that 64 percent of the uninsured are uncertain whether they will purchase insurance coverage once Obamacare takes full effect next year. This is not surprising, as Obamacare is projected to leave more people uninsured than it actually helps gain coverage. According to … More

    Obamacare Cost Rises by $30 Billion

    The Congressional Budget Office (CBO) issued a new statement on the budgetary effect of repealing the Affordable Care Act (Obamacare) for fiscal years 2014 to 2023. The CBO did not model or update a full scoring of repeal. It found that the cost of Obamacare has increased by $30 billion … More

    Morning Bell: The IRS and Obamacare, by the Numbers

    Chilling new details emerged yesterday about the IRS targeting scandal, as representatives from six conservative groups testified before Congress about the scrutiny and demands they faced from Obama administration bureaucrats. Yesterday’s testimony reminded us once again why Washington bureaucrats cannot be trusted, and why Americans should be so concerned about … More

    Morning Bell: Obamacare's Negative Impact on Seniors

    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 … More

    Congressional Budget Office Should Forecast Long-Term Cost of Amnesty

    With the Congressional Budget Office preparing to release a cost estimate for the Senate’s Gang of Eight bill in the coming days, a key Republican lawmaker yesterday insisted that any projection look beyond the 10-year budget window to fully understand the magnitude of granting amnesty to 11 million illegal immigrants. Senator Jeff Sessions (R-AL), ranking member … More

    The IRS, Obamacare, and You: The Taxes

    With the IRS under fire for its improper targeting of tea party groups, many Americans have also raised concerns about the agency’s activities relating to Obamacare. This week, we’ll be taking a look at just some of the many ways in which the IRS will be intimately involved with implementing … More

    Crop Insurance Reform Would Save Lots of Taxpayer Money

    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 … More

    Congressional Budget Office Looks at a Carbon Tax

    The Congressional Budget Office (CBO) recently released its report on the impact of a carbon tax. (Disclaimer: I provided comments to the CBO on a draft of the report, earlier this year.) The economic parts were pretty sensible and conclude that (be sure you are sitting down)—there are no free … More

    Washington Hits the $16.7 Trillion Debt Ceiling with $300 Billion in New Debt

    On May 19, the United States hit its debt ceiling after adding $300 billion in more debt since lawmakers suspended the ceiling in February. But the cash won’t run dry until at least Labor Day, according to Treasury Secretary Jack Lew, whose department can employ a variety of cash management … More

    Obama Budget: CBO Shows $1 Trillion Tax Hike, Fake Spending Cuts

    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 … More