OMB: Counting Jobs Saved Is Tricky. So List All of Them as Saved.
By: Brian Faughnan (Diary) | December 24th at 11:50 AM |
If the attention of the American people is focused somewhere else, it must be time to quickly push through some radical, self-serving, and impossible-to-defend new agency rule. And with Christmas upon us and Americans paying more attention to the offensive mess that the Senate approved today, it’s probably a good time for the Obama administration to significantly expand how they count jobs ‘saved or created’ | Read More »
Obama Throws AMA Back Under the Bus
By: Brian Faughnan (Diary) | July 25th at 09:50 PM |
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 »
House Democrats Getting Worried About the Deficit
By: Brian Faughnan (Diary) | June 27th at 06:58 AM |
Of course, worrying about something and doing something about it are two very different things. But do you suppose Peter Orszag would be getting a grilling about the massive loopholes in PayGo if they weren’t worried about losing seats in 2010? During the House Budget Committee hearing, Rep. Xavier Becerra (D-Calif.) noted the exemptions will cost more than $3 trillion over 10 years. Policies that | Read More »
Congressional Budget Office Slams Stimulus Plan
By: Brian Faughnan (Diary) | January 21st at 12:58 PM |
I referenced this yesterday in another post, but it bears repeating here: the Democratic stimulus package has already failed. That is the finding of Congress’ own budget office — the CBO — which has determined that the spending component of the bill will come far too late to help restore economic growth: Less than half the money dedicated to highways, school construction and other infrastructure | Read More »
CBO: Health Care Reform Is Very Expensive
By: Brian Faughnan (Diary) | January 2nd at 02:49 PM |
This didn’t get a lot of attention over the Christmas-New Year break. The Congressional Budget Office released its assessment of key issues to consider in the debate over health care reform. As the Wall Street Journal summarized, CBO has found that expanding health care coverage is likely to be very expensive, and the cost savings promised by Democrats are unlikely to materialize: …CBO expects government | Read More »
Greasing the Skids for Kennedy Care
By: Brian Faughnan (Diary) | November 18th at 09:23 PM |
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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