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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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Blog

CBO Warns of Mounting Debt, Crickets from Congress

This week, the Congressional Budget Office came out with its Long-Term Budget Outlook for 2015. The report foreshadows growing deficits, mounting debt, and economic harm if the status quo is allowed to continue.

06/19/2015
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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
"ObamaCare Penalizes the People It Claims to Help"
"The CBO says one million low-income Americans will have to pay penalties."
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Blog

ObamaCare Penalizes the People It Claims to Help

Remember how ObamaCare was going to make health care affordable and accessible for everyone? Remember how we were told we had to vote for a government takeover of one sixth of the American economy to level the playing field and make things fair for the nation’s poor? Remember how the rich had to be forced to pay their fair share for the common good?

06/12/2014
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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
New CBO Report Reveals Bleak Budget Outlook
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Blog

New CBO Report Reveals Bleak Budget Outlook

On Tuesday, the Congressional Budget Office released a new report revising its economic projections for the next ten years.

02/07/2013

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