Obamacare Has Hit only 65% of its 2015 Coverage Target
Here at RedState, we’ve already spilled a lot of digital ink discussing how Obamacare has fallen well short of expectations. Now, we have one more story for that long list. According to the Congressional Budget Office’s latest projection, the ACA will only meet 65% of its 2015 coverage goal. Per The Weekly Standard: When the Democrats rammed Obamacare through Congress in 2010 without a single | Read More »
Dynamic scoring takes another step forward in Congress.
Well, this is a promising first step: “House Republicans are moving to increase the use of dynamic scoring through a rules change that would require long-term estimates of the economic effects of major legislation. The macroeconomic estimates required under the rule would include the projected effects of legislation on economic output, employment and capital stock, resulting in an assessment of how a proposal would cause | Read More »
Dump Gruber Ally, Doug Elmendorf, as CBO Director
A critical decision facing the new Congressional majority is the appointment of a director for the Congressional Budget Office. The CBO acts, in the words of former Bush economic advisor and economics professor Greg Mankiw: Someone recently said to me that the CBO director is not really a player in the political game. He is more like the referee. That analogy sheds light on why Doug is the | Read More »
Jonathan Gruber To America: You’re Welcome!
To Jonathan Gruber You Are Cute But Still His B**** Jonathan Gruber is a disciplined professional. He is vital to the method and paradigm by which the American People are herdedgoverned. He is a specialist with a valuable skill that makes our Post-modern American Empire function on all six of its pistons. He is a Board Certified, Government Licensed, Eschatological Architecture | Read More »
The Farm Bill’s Harvest: Bigger, Costlier Government
Earlier this year, we were entreated to a vivid example of how neither party is committed to shrinking the federal government and bolstering private enterprise when they passed a five-year Farm/Food Stamp bill. CBO pegged the 10-year cost of the bill at $965 billion, up from $604 billion in 2008. Yet, the politicians sold it as an $8 billion cut because it fell short of | Read More »
The One Year Obamacare Waivers Are A Trap!
We now have a President who is issuing executive orders that directly contradict passed legislation. A large number of people are relieved. They are small business people who have been granted two consecutive stays of the Obamacare provisions effecting business operations that employ between 50 and 99 workers. To wit, the president has suspended by fiat the legal requirement that every small business enroll every full-time employee in an Obamacare approved plan or pay $2,000 per un-enrolled employee. The Wall Street Journal describes this order below.
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Obamacare And The Freedom To Do Nothing
There’s an irony in the GOP complaining that ACA lets people quit jobs. I mean, what’s wrong with freedom?
– (HT: The Huffington Post)*
So what is wrong with freedom? I’m not sure. There hasn’t been too much of it running around loose lately. Most people who think otherwise haven’t gone through DCA around 1PM any time in the last 12 years. I kid. It’s a quote from the Huffpo. I had a hard time taking that rhetorical question above any more seriously than I’d take an old Andy Kaufman routine. The important question to ask would be this: “What in the name of Glorious and Sacred Obamacare has brought forth such a bilious wellspring of Progressive brain waste?”
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The @NYTimes Touts 2.5 Million Full Time Job Losses as a Win
This morning I caught an editorial from the New York Times which just blew my mind. In light of the news that the CBO has identified 2.5 million full time jobs that will go away as a result of Obamacare, the paper of record let everyone know that this is working as intended. The Congressional Budget Office estimated on Tuesday that the Affordable Care Act | Read More »
Obama & Hillary Can’t Run From Benghazi
Many times I have written about Obama and Hilary Clinton and their unadulterated worship of Saul Alinsky and his “Rules for Radicals.” There is one thing that wasn’t mentioned in my articles and that is securing the trust of the people. Obama and Hillary threw “trust” out the window thinking it unimportant. Obama’s first few years were smooth sailing for the youth, African Americans, Hispanics | Read More »
New CBO report provides another great reason to murder unborn babies
The left is always on the lookout for another reason to promote their extreme position on abortion—a position overwhelmingly opposed in recent polls—and they are taking heart in a newly released Congressional Budget Office report on the financial implications of H.R. 1797, the Pain Capable Unborn Child Protection Act (which would ban abortions after 20 weeks). “H.R. 1790 would result in increased spending for Medicaid,” | Read More »
It’s our world, the CBO just lives in it
The first thing to keep in mind about the Congressional Budget Office estimate of costs and benefits for the “Gang of Eight” immigration bill – or any other estimate the CBO prepares – is that Congress is very good at gaming CBO estimates. There are lots of little tricks that can be used to hide costs and inflate benefits, once you understand how the CBO | Read More »
CBO’s Unicorn Cost Study on Amnesty
Repealing Obamacare will increase the deficit by $109 billion over 10 years. That was a headline from a CBO report in May when Republicans voted on full repeal of Obamacare. Somehow, when it comes to ascertaining the costs of wrongheaded policy, CBO wants us to engage in willing suspension of disbelief. The most costly entitlement will actually reduce the deficit, they claim. In Washington, up | Read More »
Is the Deficit Really Shrinking?
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss a DHS reaction to Bitcoin, a CBO report on a shrinking deficit and why liberals think deficits are a good thing.
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CBO: Government to Spend $47.2 Trillion Over Next 10 Years
We’ve all been waiting to see the updated CBO Budget and Economic Outlook for 2013 and the next ten years. Most of the news articles are focusing their headlines on the deficit and debt numbers projected in the CBO report. But remember that the reason why CBO deficit projections always understate the reality is because they overstate the amount of revenue they expect to come | Read More »
Obama: The Gold Medalist in Debt Race
Well, Obama is approaching another milestone. In addition to breaching the $16 trillion debt mark, Obama will earn another gold medal in the Greek Olympics for fiscal insanity. According to CBO, we will definitely incur another $1 trillion debt this year, ensuring that Obama will become not only the only president to rack up a trillion dollar debt, but the only one to ever do | Read More »