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Social Security COLA: How to Improve Accuracy and Stop Excess Spending
Time for some simple math: Which poll will more accurately determine the effect of a change on a whole group—one that surveys three of 10 people, or one that surveys nine of 10? While this may seem...
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Obamacare Provision Costing 32 Percent More Than Projected
Newscom An Obamacare provision is costing taxpayers 32 percent more than it was projected to. The provision in Obamacare that gradually reduces seniors’ out-of-pocket costs in the congressionally...
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Tax Revenue Rose Five Times Faster Than Spending Fell in 2013
Glow Images/Newscom The monthly Treasury statement of the actual budget figures for 2013 this week shows tax revenue rising five times faster than spending fell in 2013. Taxes revenue climbed by 13.2...
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Top 1 Percent Pays Effective Tax Rate Nearly Three Times That of Middle Class
Newscom New data from the Congressional Budget Office (CBO) show that President Obama’s much-discussed Buffett Rule, which would require families earning more than $1 million a year to pay an effective...
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You Won't Believe How Many Working Hours Obamacare Is Killing
JESSICA RINALDI/Reuters/Newscom Today, the Congressional Budget Office updated an estimate on the reductions of employment due to Obamacare. Previously, the CBO had projected that Obamacare would lead...
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Explosive Report: How Obamacare Will Drive People Out of the Workforce
Obamacare moves people further away from jobs and shifts their health care costs to taxpayers. Good news or bad? The White House took up defensive measures yesterday after the nonpartisan Congressional...
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Bam! We're Already Hitting the Debt Ceiling Again
It’s timely that the Congressional Budget Office (CBO) put out new numbers on America’s financial situation this week. By the end of the week, we’ll be hitting the debt ceiling again. The CBO’s report,...
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Obamacare Mandate Means Minimum Wage Employees Cost Businesses $10.30 an Hour
Newscom The Congressional Budget Office (CBO) just reported that President Obama has already effectively raised the minimum wage. How so? The Obamacare employer mandate requires employers that do not...
View ArticleThe New Medicare SGR Bill: Time for Close Scrutiny and Fiscal Responsibility
House and Senate negotiators have just come to an agreement on a policy framework to repeal the unworkable Medicare Sustainable Growth Rate (SGR) formula, which annually updates Medicare payment for...
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She Dreamed Obamacare Was Harmless
Alex Wong/Getty Images Obamacare is working, and it’s not costing any jobs. Shhh…keep quiet, or you’ll wake Health and Human Services Secretary Kathleen Sebelius from her dream. “There is absolutely no...
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The Problem with Giving America a Raise
In his State of the Union Address, President Obama told Congress to “give America a raise.” But as the job forecasts are revealing, he might as well have told them to “kill some American jobs.” Why?...
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The White House Doesn't Like These Particular Facts
Pete Souza A funny thing is happening to President Obama in his pursuit of redistributive economic policies: Facts are getting in the way. The facts in this case are being pronounced by the...
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CBO Again Repeats Faulty Methodology to Estimate Impact of Stimulus
Congressional Budget Office Director Douglas Elmendorf / Chip Somodevilla There they go again. The Congressional Budget Office (CBO) just released yet another report on the beneficial impacts on the...
View ArticleMedicare: An Irresponsible "Doc Fix" Could Cost $2.3 Trillion—or More
Flawed solutions to complex health policy problems can be very costly. Scrutinize, therefore, the congressional compromise legislation (H.R. 4015 and S. 2000) to repeal the unworkable Sustainable...
View ArticleMore Than 500 Economists Agree with the CBO: $10.10 Minimum Wage Would Kill Jobs
More than 500 economists—including three Nobel laureates—told Congress this week that President Obama’s proposal to hike the minimum wage to $10.10 per hour is a job killer. They explain in a letter...
View ArticleA Temporary Medicare SGR “Patch” Is Better Than Permanent Deficits
House Speaker John Boehner (R–OH) and Senate Majority Leader Harry Reid (D–NV) have just reached an agreement on a temporary, 12-month Medicare “doc fix” that would block a 24 percent cut in Medicare...
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Jordan Weissmann Thinks Economics Is a Gimmick
Pete Marovich/MCT Jordan Weissmann of Slate writes that using modern economic methods in budgetary analysis is a “trick…gimmick…fantasy…miraculous…flight of fancy…picking a number out of a hat.”...
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CBO Report Estimates 2014 Deficit at Half a Trillion Dollars: Why The Real...
Photo: Win McNamee/Getty Images Today the Congressional Budget Office (CBO) released its updated projections for the 2014 federal budget. CBO reports the 2014 deficit at $492 billion, just shy of a...
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CBO Report Shows President’s Budget Relies on Rosy Economic Assumptions
According to the non-partisan Congressional Budget Office (CBO), total deficits under President Obama’s 2015 budget proposal would be $1.7 trillion higher than the administration’s previous estimates....
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Market Pricing, Solving Problems
Photo: Newscom In medical care, you have to get the diagnosis correct. But if you want to solve the problem, you’ve also got to get the treatment right. At the Vox website recently, reporter Sarah...
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