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LISTEN NOWThe Freedom Files Podcast Episode 42: Jim LamonListen Here
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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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Blog

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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Press Release

FW Statement: Keep the Budget Caps!

Following the Congressional Budget Office’s statement that eliminating the budget spending caps will increase job growth, FreedomWorks CEO Adam Brandon commented:

08/13/2015
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Blog

How the United States could become Greece unless Congress takes mounting debt seriously

Greek voters, on Sunday, rejected austerity measures crafted by European countries and the International Monetary Fund (IMF). The results of the referendum, against which 61 percent voted, could mean the Mediterranean country exits the euro and see a run on banks similar to what it saw last week, or worse.

07/06/2015
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Op-ed Placement

Obama's Budget Kicks the Can Even Further Down the Road

This week President Obama released his $4 trillion budget for 2016, a mixed bag of new taxes and new programs and subsidies for the middle class. Last week the Congressional Budget Office (CBO)-Washington's nonpartisan budget arbiter-released its most recent analysis of the economy and fiscal policy. The two documents provide an interesting comparison of political expediency and long term challenges, with the president focusing on short-term spending while CBO warns of a longer term fiscal crisis.

02/05/2015
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Blog

Divided government has kept budget deficits in check, but a spending explosion is on the horizon

The Congressional Budget Office has released its annual budget outlook for the next decade, showing that the budget deficit will continue to fall in the current fiscal year, as well as next year, before gradually beginning to rise steadily again, thereafter. The media mostly talking about this aspect of the report. The Associated Press, for example, ran with the headline: "CBO: Budget deficit to shrink to lowest level since Obama took office."

01/26/2015
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Blog

ObamaCare spending will balloon to nearly $2 trillion over the next decade

One of the ways the Obama administration managed to get ObamaCare through Congress was by keeping the cost of the law under $1 trillion. This was accomplished through various budget gimmicks and backloading costs in years at the end of the original budget estimates. These deceptive tactics are how the administration managed to get a score from the Congressional Budget Office purporting that ObamaCare would reduce the deficit by $124 billion.

01/26/2015
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Blog

CBO Report Confirms States Should Reject Medicaid Expansion

Conservatives were right to warn that Governor John Kasich’s embrace of the Obamacare Medicaid expansion would increase government spending and hurt Ohio’s labor force, a February 4 Congressional Budget Office (CBO) report affirms.States still being pressured to take "free" Medicaid expansion money from DC should learn from Kasich's mistake.

02/07/2014
Obamacare and Job Lockout
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Blog

Obamacare and Job Lockout

Obamacare has been a drag on the US economy so far based mostly on uncertainty and on businesses preparing to comply with its various rules, mandates, penaties, taxes, and fees. But a new report from the CBO shows that the law will trap people in unemployment and cause higher deficits, piling onto the national debt while lower tax receipts make it harder for the government to repay.

02/07/2014

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