Preliminary CBO Numbers Are In (BUMPED & UPDATED, 11:30 a.m.)
House majority leader Steny Hoyer has informed his colleagues of the CBO health bill score. Politico reports:
The bill would cost $940 billion, and reduce the deficit by $130 billion over the first 10 years and $1.2 trillion in the second 10 years. The deficit numbers Democrats have been most worried about, and will be key [...]
Obama: Those Who Say Medicare Cuts Will Reduce Benefits Are Misinformed or Lying
President Obama said at his speech today in Ohio:
"There is no cutting of your guaranteed Medicare benefits, period. No ifs, ands or buts. This proposal makes Medicare stronger, it makes the coverage better, and it makes the finances more secure. And anybody who says otherwise is either misinformed or they're trying to misinform you. Don't [...]
Paul Ryan: The Roadmap Warrior
Paul Ryan's Roadmap for America's Future would drastically overhaul the American welfare state in a free-market direction. The Congressional Budget Office says it would solve the entitlements crisis through a series of changes to Social Security and Medicare and Medicaid. The Roadmap also includes a fundamental tax reform — one that Ryan says, and the CBO [...]
Bending the Cost Curve — With a Crowbar
Having failed to excite the majority of American about covering
30 million of their fellow citizens at the expense of
jeopardizing their own medical care, the Obama Administration has
settled on an even more implausible reform argument — extending
these benefits will lower medical
costs.
The amen [...]
CBO: Obama Budget Takes Debt to $20 Trillion By 2020
Philip Klein makes an understatement: The Congressional Budget Office has released its assessment of President Obama’s budget, and the results aren’t pretty.
And given that these projections have gotten so much worse in just the past year, the knowledge that we’ve got three more years under Barack Obama’s devastating “transformation” agenda leaves little doubt that [...]
Paul Ryan’s Moment
This is Paul Ryan's moment. If national security or social policy were at the center of debate, the Wisconsin congressman wouldn't be nearly as prominent as he is today. But President Obama wants to reshape the American economy and welfare state so that it looks more like a Western European social democracy. And since fiscal [...]
