As Erick points out, Obamacare took another heavy shot today, as the CBO concluded that the much-vaunted reforms pushed by Democratrs to control Medicare costs would have little or no effect. OMB Director Orszag has fired back quickly however, in an attempt to turn lemons into lemonade. He says that while CBO may have little faith in the provisions as they are currently drafted, a | Read More »
In the last few days there’s been a lot of debate over how much health care ‘reform’ will cost. Democrats have talked about the latest estimate from CBO. Liberals have cheered about the reduced cost of the revised bill. They don’t mention that Senate Democrat leaders have been pressuring CBO to be ‘more creative’ with their health care score. Nor do they point out that | Read More »
The President and his allies in Congress have perfected their argument: health care in this country is expensive. Something must be done. This is something. Therefore, we must do this. Unfortunately, it is clear that the president’s plan is too costly, does not cover the uninsured as promised, and will make health care worse in America. To the first point, the Congressional Budget Office has | Read More »
Democrats argue that their stimulus proposal must include a massive infrastructure component not only because it will help the economy (which it won’t), but also because the government has been chronically underinvesting in infrastructure in recent decades. The Congressional Budget Office puts the lie to that claim. This chart is of all public capital spending on infrastructure, from 1956 to 2006:
Take a look at this chart:
National Journal reports that Barack Obama has selected CBO Director Peter Orszag to head up the Office of Management and Budget. Orszag is widely respected on both sides of the aisle for his professionalism and his command of budgetary detail. He’s almost certainly more supportive of expanded government than the typical Red State reader, but at least he’s likely to be a straight shooter. His | Read More »
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