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LISTEN NOWThe Freedom Files Podcast Episode 22: Ajit PaiListen Here
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Blog

The Fiscal Disaster Facing the United States Is Much Worse Than It Appears

Back in April, the Congressional Budget Office (CBO) released regular budget outlook for the current year and 2019 through 2028 budget window. The report was concerning because it showed that the share of the debt held by the public as a percentage of gross domestic product (GDP) would increase from 78 percent in 2018 to 96.2 percent in 2028.

08/13/2018
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Blog

Almost 62 Percent of Federal Spending in 2018 Is Baked in the Budgetary Cake

Fiscal conservatives rightly opposed the Bipartisan Budget Act, H.R. 1892, because it blew through the spending caps by nearly $300 billion over two years and set the tone for more long-term spending by increasing the baseline at which Congress will budget. Still, this two-year budget deal only covers discretionary spending for FY 2018 and FY 2019 and doesn't touch mandatory spending, which includes programs like Medicare and Social Security whose funding runs on autopilot.

04/11/2018
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Blog

Latest CBO Report Shows Washington's Addiction to Spending Is Out of Control

On Monday, the Congressional Budget Office (CBO) released its semiannual report on federal spending. The report, The Budget and Economic Outlook: 2018 to 2028, looks at trends in federal spending, budget deficits, and the share of the national debt held by the public. If one is looking at the report through the lens of fiscal conservatism, the picture is ominous to say the least.

04/10/2018
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Blog

Support the CBO Show Your Work Act, S. 1746

On behalf of our activist community, I urge you to contact your senators and ask them to support the CBO Show Your Work Act, S. 1746, introduced by Sen. Mike Lee (R-Utah). The bill would require the Congressional Budget Office to make its models and data available to Congress and the public.

08/28/2017
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Blog

The CBO Reviews Trump's Budget

The Congressional Budget Office (CBO) has released its analysis of the President’s Budget Proposal. In collaboration with the Joint Committee on Taxation (JCT), the CBO reviewed the President’s proposals to see what the likely impact would be were they implemented. What it found was a major reduction in spending that would reduce the deficit and promote economic growth.

07/17/2017
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Blog

CBO Coverage Projections Have Been Wildly Wrong

Winston Churchill once said, “It is a mistake to try to look too far ahead. The chain of destiny can only be grasped one link at a time.” The reality that the future is hard to predict, but that has not stopped men and women from trying to do just that. Perhaps one of the best examples of that is the Congressional Budget Office (CBO).

06/27/2017
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Blog

As Premiums Go Up, Obamacare Enrollment Goes Down

Reports continue to come in about the results of implementing ObamaCare. Recently, the Centers for Medicare and Medicaid Services (CMS) of the Department of Health and Human Services (HHS) released a report on the effectuated enrollment, or in other words selected a plan for the first two months of the year and paid their first month’s premium of ObamaCare. The results were admittedly rather surprising as they did not meet the expectations of where the program was supposed to be at this point.

06/20/2017
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Op-ed Placement

Much Fast Growth Right Around the Corner

Every day there are legions of new economists who dismiss the Donald Trump economic agenda and his forecast of 3 percent growth as a wild-eyed fantasy. The consensus is that the economy “can’t possibly grow at 3 percent” says The Wall Street Journal. “Slow growth is the new norm, so get used to it,” writes Rucir Sharma, Morgan Stanley, chief global strategist at Morgan Stanley in Foreign Affairs magazine this month.

06/20/2017
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Blog

CBO Report: More Spending, More Debt Over Next Ten Years

The Congressional Budget Office (CBO), on Tuesday, released its first budget outlook report of the new year, offering a look at the fiscal picture for the next ten years, FY 2018 through FY 2027. It isn't pretty.

01/28/2017
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CBO Report Increases Urgency for Entitlement Reform

The Congressional Budget Office (CBO) released a report last month projecting an increase in the federal budget deficit relative to the gross domestic product (GDP) for the first time since 2009. The deficit for this year is now expected to be $590 billion. As a percentage of GDP, that is 3.2% compared to last year’s 2.5%. It is not good news when the deficit is growing faster than the economy, which is currently growing at 1.4%.

10/25/2016

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