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 »
Deficit Reduction: Forget the 1%, Government Workers Enjoy Much Better Pay At Your Expense*
While America is more than $16 trillion in debt, we also have nearly $122 trillion in unfunded liabilities, which no one seems to be focusing on. Right now, every American taxpayer is liable for more than $1 million in unfunded liabilities.
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Cantor, Kyl, and NO OTHER REPUBLICANS to deficit panel.
The AP doesn’t really explain the significance of the fact that the GOP is sending just House Majority Leader Eric Cantor and Senate Minority Whip Jon Kyl to the President’s much-ballyhooed deficit reduction panel, so let me do it. When the President set up this thing in the first place, he told the four party leaders in Congress – Speaker Boehner (R) and Minority Leader | Read More »