All this means a lot of pain. Given how quickly our debt is increasing, that pain isn’t just in store for distant future generations.
CBO now projects that the national debt will exceed the size of the nation’s economy by the end of this fiscal year—just three short months away.
The United States is years away from mass testing or a vaccine from being produced. If leaders wait for these measures to save them, there will not be economy left to open back up.
Jerome Powell, the chairman of the Federal Reserve, issued an ominous warning to lawmakers Wednesday that the federal budget is on ‘an unsustainable path.’
CBO can only assume cost-sharing payments get made through premium subsidies if it assumes those payments do not get made directly—thus violating the agency’s legal obligation.
A Congressional Budget Office (CBO) document released quietly on Thursday hinted at a major gaffe by the budget agency and its efforts to conceal that gaffe.
If CBO and House Budget are blameless, and everything about this budget change occurred in an above-board manner, they seem to have a funny way of going about proving their innocence.
Most Americans would judge premium impacts by one simple metric: Will my premiums go up or down compared to what I paid last year?
After decrying Obamacare as ‘full of gimmicks and smoke-and-mirrors’ in 2010, Ryan is now using budget gimmicks to bail out the law.
House leaders have concocted a plan that would use a budget gimmick that arguably violates the law to bail out Obamacare and provide taxpayer funding to plans that cover abortion.
Using repeal of the individual mandate to pass tax reform represents a game of Russian roulette that Congress should not even contemplate.
Throwing taxpayer money at skyrocketing premiums won’t solve the problem, and will instead just create another entitlement that health insurers will want to make permanent.
The CBO’s report on Republicans’ Obamacare revamp revealed its inherent bias towards liberal cost-saving solutions rather than conservative ones.
While there are major reasons to doubt the CBO estimate, it assures the House-passed version of the American Health Care Act will never become law.
If the president was truly concerned with solving the program, he would ditch the talking points and instead focus on what is needed to bring costs down.
Republicans should stop shirking townhalls, supporting half measures, and diverting blame and pass the 2016 Obamacare repeal bill.
Congressional leaders will need to pare back their aspirations for a comprehensive ‘repeal-and-replace’ bill and enact other elements of their ‘replace’ agenda in subsequent legislation.
The recession and recovery have been very painful. But most workers enjoy considerably higher incomes today than in 2000.
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