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Tag Archives: CBO
Deficit Again Expected to Top $1 Trillion
By KRISTINA PETERSON And DAMIAN PALETTA WASHINGTON—The federal budget deficit likely will top $1 trillion for the fourth consecutive year in fiscal 2012 as the economy continues to grow at a sluggish pace, the nonpartisan Congressional Budget Office predicted Tuesday. Congress’s official budget scorekeeper projected a sober outlook in its semi-annual report Tuesday, forecasting that [...]
Posted in Budget, Congress, National Debt, Solid Principles, Wall Street Journal
Tagged as: Budget, CBO, Congressional Budget Office, Economy, Federal Deficit Spending, Wall Street Journal
The VAT Cometh
By CHARLES KRAUTHAMMER This massive new entitlement needs a cash cow. As the night follows the day, the VAT cometh. With the passage of Obamacare, which created a vast new middle-class entitlement, a national sales tax of the kind almost universal in Europe is inevitable. We are now $8 trillion in debt. The Congressional Budget [...]
Posted in NRO
Tagged as: CBO, Charles Krauthammer, National Debt, Obamacare, Recommended Read, VAT
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Predictions
Our future under Obamacare. The crystal ball is still far too cloudy to predict whether or not Obamacare will pass, but it is not too soon to make some predictions about what the future will look like if it does pass. The bill will cost more than advertised. It won’t be long before Congress is [...]
Posted in Health Care, NRO, Solid Principles
Tagged as: CBO, Congress, Medicare, New England Journal of Medicine, NRO, Obamacare
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What CBO Score?
Okay, so I am looking over the CBO letter, and the first thing that strikes me is this disclaimer: Although CBO completed a preliminary review of legislative language prior to its release, the agency has not thoroughly examined the reconciliation proposal to verify its consistency with the previous draft. This estimate is therefore preliminary, pending [...]
