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Washington, DC 20001

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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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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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