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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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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
Your Guide to the National Debt (Part 4)
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Your Guide to the National Debt (Part 4)

“Never complain of that of which it is at all times in your power to rid yourself.” – Adam Smith quoting Greek Stoic philosopher Epictetus, chapter I, section II, and part VII of The Theory of Moral Sentiments, originally published in 1759.The national debt is a tremendous burden on our country, ourselves, and our posterity.

01/24/2013
Your Guide to the National Debt (Part 3)
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Blog

Your Guide to the National Debt (Part 3)

The problem of the national debt can seem overwhelming. How do you address $16.4 trillion in gross debt, or even $11.5 trillion in debt held by the public? Congress is gridlocked, President Obama doesn't want to deal with it, and the Congressional Budget Office estimates that we will spend $3.554 trillion this fiscal year, thereby adding another $641 billion to the debt. Caught in such a difficult situation, the problem appears insurmountable.

01/11/2013