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The Unknown Cost of Federal Student Loans
Newscom Starting July 1, interest rates on federal student loans are set to rise from 3.4 percent to 6.8 percent. As Congress again considers preventing the interest rate on federal student loans from...
View ArticleMorning Bell: New Heritage Study on the Cost of Amnesty
The immigration debate is about to get a lot more concrete. Lawmakers need to be honest about the cost of their proposed immigration plans—and a new study due out today from The Heritage Foundation...
View ArticleQuiet Before the Storm: CBO Reports $642 Billion Deficit in 2013
At $642 billion, the Congressional Budget Office (CBO) reports, the 2013 deficit will be lower by $200 billion than previously forecast. In February, the CBO projected a deficit of spending over...
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Obama Budget: CBO Shows $1 Trillion Tax Hike, Fake Spending Cuts
The Congressional Budget Office’s (CBO) official score of President Obama’s budget shows in numbers a vision for economic decline in America. The President imposes a tax increase totaling $1.1 trillion...
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Washington Hits the $16.7 Trillion Debt Ceiling with $300 Billion in New Debt
On May 19, the United States hit its debt ceiling after adding $300 billion in more debt since lawmakers suspended the ceiling in February. But the cash won’t run dry until at least Labor Day,...
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Congressional Budget Office Looks at a Carbon Tax
The Congressional Budget Office (CBO) recently released its report on the impact of a carbon tax. (Disclaimer: I provided comments to the CBO on a draft of the report, earlier this year.) The economic...
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Crop Insurance Reform Would Save Lots of Taxpayer Money
Dale Wittner Stock Connection Worldwide/Newscom Crop insurance is probably not the first thing you want to talk about at a cocktail party. It isn’t sexy. However, it starts looking a lot prettier when...
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The IRS, Obamacare, and You: The Taxes
With the IRS under fire for its improper targeting of tea party groups, many Americans have also raised concerns about the agency’s activities relating to Obamacare. This week, we’ll be taking a look...
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Congressional Budget Office Should Forecast Long-Term Cost of Amnesty
Photo credit: Newscom With the Congressional Budget Office preparing to release a cost estimate for the Senate’s Gang of Eight bill in the coming days, a key Republican lawmaker yesterday insisted that...
View ArticleMorning Bell: Obamacare’s Negative Impact on Seniors
The Medicare program that provides health insurance to seniors faces a dire financial future. And Obamacare is making it worse. Medicare’s Part A trust fund is projected to be insolvent by 2026 and the...
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Morning Bell: The IRS and Obamacare, by the Numbers
Chilling new details emerged yesterday about the IRS targeting scandal, as representatives from six conservative groups testified before Congress about the scrutiny and demands they faced from Obama...
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Obamacare Cost Rises by $30 Billion
Newscom The Congressional Budget Office (CBO) issued a new statement on the budgetary effect of repealing the Affordable Care Act (Obamacare) for fiscal years 2014 to 2023. The CBO did not model or...
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Obamacare 2023: 31 Million Uninsured, $1.8 Trillion in Taxpayer Dollars Spent
Andrew Shurtleff/ZUMA Press/Newscom A poll released last week by InsuranceQuotes reveals that 64 percent of the uninsured are uncertain whether they will purchase insurance coverage once Obamacare...
View ArticleFirst Take on the CBO Report: Amnesty Hurts U.S. Workers
The Congressional Budget Office (CBO) released its cost estimate and economic impact documents for S. 744, the Border Security, Economic Opportunity, and Immigration Modernization Act, today. We are...
View ArticleMorning Bell: Congress Is Trying to Fool You on Immigration
Congress is trying to fool you. Here’s how they do business. A piece of legislation is going to cost trillions of dollars, but Members of Congress don’t want the public to see that. Instead, they have...
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House Farm Bill Would Outspend Obama on Most Expensive Farm Program
The House farm bill would spend more than Obama on the most expensive farm program. Yes, you read that right. President Obama hasn’t all of a sudden become a fiscal conservative, but even he evidently...
View ArticleDeMint on Fox News: Immigration Bill Is “Going to Cost Americans Trillions”
Heritage Foundation President Jim DeMint appeared on Fox News’s “Your World with Neil Cavuto” this afternoon to challenge the Congressional Budget Office’s report that immigration reform will boost...
View ArticleCBO Report Shows Us Worse Off After Immigration Reform (VIDEO)
If 10 guests of The Heritage Foundation each bought a bag of popcorn during one visit, and 20 guests bought the same size bag at a later date, Heritage would sell more popcorn the second time. Bill...
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Federal Student Loans Cost Taxpayers Money
Newscom This piece originally appeared on See Thru Edu, a project of the Texas Public Policy Foundation. The Congressional Budget Office has just released an assessment of what the Federal Direct...
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Obamacare’s Shortcomings in Two Charts
Obamacare continues to fall short of the lofty predictions about it — and here are two new charts to prove it. The charts, included as part of a Congressional Budget Office (CBO) presentation over the...
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