Tag Archives: CBO

A new report from the Congressional Budget Office has found that Obamacare will increase the deficit and slow the economy far more than originally predicted.

Finding out what’s in it: A new report from the Congressional Budget Office has found that Obamacare will increase the deficit and slow the economy far more than originally predicted.

The non-partisan agency’s report found that the healthcare law’s negative effects on the economy will be “substantially larger” than what it had previously anticipated. The CBO is now estimating that the law will reduce labor force compensation by 1 percent from 2017 to 2024, twice the reduction it previously had projected. This will decrease the number of full-time equivalent jobs in 2021 by 2.3 million, CBO said. It had previously estimated the decrease would be 800,000.

Aren’t you glad the Democrats shut the government down in October to prevent any delay or changes to their law?

The Congressional Budget Office yesterday projected this year’s deficit will be $1.1 trillion dollars, making it the fourth year in a row that the deficit has broken the trillion dollar ceiling

The day of reckoning looms: The Congressional Budget Office yesterday projected this year’s deficit to be $1.1 trillion dollars, making it the fourth year in a row that the deficit has broken the trillion dollar ceiling.

In the entire history of the U.S. the deficit never exceeded one trillion dollars, until Barack Obama became president. In fact, it never came close until Obama arrived.

With each new estimate, the cost of Obamacare has risen. See chart below the fold.

Repeal it! With each new estimate, the cost of Obamacare has risen. See the chart below the fold.

Obama’s initial cost estimate was $900 billion for ten years. The most recent CBO estimate is $2.6 trillion. And we all know that even this number is a lie.
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The debt of the federal government is projected to be nearly twice the size of the U.S. economy by 2037, the Congressional Budget Office (CBO) announced Tuesday.

The day of reckoning looms: The debt of the federal government is projected to be nearly twice the size of the U.S. economy by 2037, the Congressional Budget Office announced Tuesday.

This CBO report actually supposed to be encouraging, as it indicates that the day of doom has been pushed back a whopping two years! Yowza! Let’s pop the corks on the champagne bottles and start celebrating!

Sadly, the article also has this ridiculous quote:

CBO’s latest prediction is similar to its 2011 report despite the $2.1 trillion in budget cuts enacted in last August’s debt-ceiling deal between the White House and Congress.

Nothing was cut by that deal. All they did was trim the rate of growth. For any journalist to continue to participate in this fraud is sickening.

The report by the Congressional Budget Office, released earlier this week, states that by 2016 Obamacare will cause 4 million people to lose their employer health insurance coverage.

Finding out what’s in it: The Congressional Budget Office, in a report released this week, says that by 2016 Obamacare will cause 4 million people to lose their employer health insurance coverage.