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Blog

Capitol Hill Update: May 22, 2017

Schedule:

16 hours ago
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Blog

House GOP Leaders' Health Care Alternative Falls Short on Coverage Numbers Because It Keeps ObamaCare's Architecture in Place

Philip Klein of the Washington Examiner and Michael Cannon of the Cato Institute have picked up on an important point from the Congressional Budget Office's score of House Republican leadership's ObamaCare "alternative," the American Health Care Act (AHCA). Klein and Cannon note that more people would have health insurance coverage under the 2015-2016 repeal bill, H.R. 3762, than under the AHCA.

03/14/2017
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Blog

Rundown of the CBO's Score of House Republican Leaders' ObamaCare Replacement

The Congressional Budget Office (CBO) has released its much-anticipated score of the American Health Care Act (AHCA). Over the next ten years, the CBO estimates that federal revenues will decline by $882.8 billion as a result of the repeal, delay, or zeroing out of most of ObamaCare's taxes, and federal spending will be reduced by $1.219 trillion. Overall, the deficit would be reduced by $336.5 billion from FY 2017 through FY 2026 under the proposed legislation.

03/13/2017
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Blog

Capitol Hill Update: March 13, 2017

The House and Senate are in session this week

03/13/2017
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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

Budget Deficit for FY 2016 Higher Than Originally Projected

The Congressional Budget Office (CBO) has revised its budget deficit projection for FY 2016 upward, according to a recent report. In March, the nonpartisan fiscal agency projected that the budget deficit for the current fiscal year would reach $534 billion, a 22 percent increase. The latest projection shows that the budget deficit for FY 2016 will rise to $590 billion, or a nearly 35 percent increase.

08/09/2016
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Press Release

FreedomWorks’ Statement on CBO Budget Projections

Following the release of the Congressional Budget Office’s budget projections showing higher deficits and lower economic growth, FreedomWorks Senior Economic Contributor Stephen Moore commented:

01/19/2016
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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

The Real National Debt Could be $210 Trillion

Recently, the Congressional Budget Office released their Long-Term Budget Outlook for 2015. The official CBO Outlook included some pretty scary figures. The forecast projects the deficit as a percentage of GDP to increase from below 3 percent, to nearly 6 percent in the next twenty-five years. Over the same time frame, the CBO forecasts national debt to increase to over 100 percent of GDP.

07/22/2015
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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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