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What the 2014 Deficit Tells and Doesn’t About the U.S. Budget Gap
While the budget has received relatively little attention since February, one misleading headline has made the rounds: “US on Track for Narrowest Budget Gap Since 2008.” The deeply troubling reality is...
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What the 2014 Deficit Tells and Doesn’t About the U.S. Budget Gap
While the budget has received relatively little attention since February, one misleading headline has made the rounds: “US on Track for Narrowest Budget Gap Since 2008.” The deeply troubling reality is...
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Health Care Spending Crisis Coming; Obamacare Adding Fuel to the Fire
Newscom Today’s Congressional Budget Office (CBO) report reiterates the long-standing and obvious fact that there is a health care spending crisis approaching, resulting largely from the structurally...
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Don’t Hit Snooze on the Debt
Design Pics / Bruno Crescia/Bruno Crescia/Newscom The national debt is a few years away from an unprecedented peacetime explosion, according to the Congressional Budget Office (CBO). Without serious...
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What You Need to Know About the Debt Limit
The Congressional Budget Office just dropped a budget update on Washington, and it’s not good. The U.S. government is spending recklessly—and Obamacare is adding fuel to the fire. The new report comes...
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Medicare Reform that Saves Seniors and Taxpayers Money
Newscom America’s finances are in a mess, and Medicare is one of the main reasons. But the good news—just confirmed by the Congressional Budget Office—is that there’s a way to save money for Medicare...
View ArticleKathleen Sebelius’s Scare Tactics on Obamacare
Health and Human Services Secretary Kathleen Sebelius is already claiming that seniors would be adversely affected by House-passed legislation defunding Obamacare. Nothing could be further from the...
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Plan to Suspend Debt Limit Means Debt Would Rise to $17.8 Trillion
Win McNamee/Pool/Sipa USA/Newscom Treasury Secretary Jack Lew announced a new debt ceiling deadline today, urging congressional lawmakers and the President to come to an agreement concerning the...
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Watch Out, 20-Somethings: How Obamacare Hits Young People
Obamacare is going to be particularly rough for young adults in their 20s. “Insurance premiums are going to increase for a lot of consumers, but young adults are going to be hit the hardest,”...
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The Case for Medicare Reform in One Chart
Last week’s release of the annual long-term budget outlook by the Congressional Budget Office (CBO) illustrates the need to control federal spending, and spending on health entitlements in particular....
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Could Obamacare Cause More People to LOSE Coverage Than Gain It?
Obamacare’s supporters have always claimed that the law will help increase the number of Americans with health insurance. But an analysis released yesterday provided persuasive data showing that the...
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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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