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That Long Winter at Valley Shutdown

The long winter at Valley Shutdown is evidently growing more dire for federal employees. They have now missed their FIRST paycheck. Repercussions from this disaster extend all the way into Latin America. My son was browsing the Facebook page for the Swamp suburb where we live. He came across a female federal employee who was distraught because the furlough had ...

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CBO Suggests $1 Trillion Carbon Tax As France Reels From Anti-Carbon Tax Riots

The Congressional Budget Office suggested a $1 trillion carbon tax to help plug the budget deficit. Their report comes as thousands rioted in France, and even in Belgium, over planned increases in fuel taxes. France wanted to raise fuel taxes to reduce oil consumption and fight global warming. It’s been just nine days since the French government abandoned plans to ...

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CBO: GOP Health Plan Will Bring Stability, Lower Costs – or not

The Congressional Budget Office Releases Its 2010 Budget

The non-partisan Congressional Budget Office (CBO) released its report on the republican’s replacement for Obamacare saying that the American Health Care Act will bring stability to the individual market and reduce costs to taxpayers and the insured before undercutting their own report as “uncertain.” The CBO estimates that the AHCA will reduce federal deficits by $337 billion over the next ...

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ObamaCare: More Taxes, Less Medicare

Today, RepublicanSenate.gov published the highlights of the CBO’s updated report on the costs of Obamacare. Over one trillion dollars will be sucked out of the American economy to fill a massive feeding trough for government bureaucracies.  CBO: $1.05 Trillion In New Taxes “Penalty Payments by Uninsured Individuals … Changes in revenues 2013-2022:-55 [billion dollars].” “Penalty Payments by Employers… Changes in revenues 2013-2022:-106 [billion ...

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It Would Be ‘Priceless’ If Romney Admitted He Was Wrong

John C. Goodman challenges Americans to rethink healthcare in his book from the Independent Institute, Priceless: Curing the Healthcare Crisis. In the wake of the Supreme Court decision that determined that the individual mandate was constitutional, there has been much talk about “repeal and replace.” That has lead to the question, what does the GOP have to offer to replace ...

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Payroll Tax Debate: The Truth Comes Out in the U.S. Senate

On Thursday, Dec.1st the battle to extend the payroll tax holiday and unemployment insurance benefits reached new heights in the Senate, as not only did Republicans battle Democrats, but both parties saw raging fights within their own ranks over how to pay for the extensions, along with whether the tax holiday should even be extended at all. In the end, ...

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CBO Analysis of August 1 Budget Control Act

On August First, the Congressional Budget Office (CBO) released this summary of its analysis of the debt limit compromise legislation (amendment to S.365). The Congressional Budget Office (CBO) has estimated the impact on the deficit of the Budget Control Act of 2011, as posted on the Web site of the House Committee on Rules on August 1, 2011. The legislation ...

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Why You Should Care About the CBO Report – Really This Time

The non-partisan Congressional Budget Office (CBO) produced the most-recent version of it’s periodic report on the state of the nation’s economy.  The report was as dreadful as expected: debt rising and tax receipts going down, but you knew that already.  What’s different is how they are either lying to candy coat how bad things are going to get, or they ...

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Are we on the verge of an Economic Collapse?

Are we on the verge of an Economic Collapse? In my opinion yes, and it is intentional, but I’ll let the CBO give you a heads up before I give my opinion. Federal Debt and the Risk of a Fiscal Crisis July 27, 2010 Economic and Budget Issue Brief Summary “Over the past few years, U.S. government debt held by ...

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