Increasing budget deficits
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Tag Archives: cbo
Debating the President’s Portsmouth pitch (part 1)
12 August 2009 
29 Comments
Discussing the President’s overpromise that everyone can keep their health plan.
Read more The Administration's flawed health care argument threatens their fiscal policy strategy
3 August 2009 15 Comments
The Administration’s health care reform and fiscal policy strategies are based on flawed premises. When neutral and non-partisan referees like CBO point out these flaws, both strategies collapse. The damage to the President’s health care reform effort is evident. I think the damage to his fiscal policy strategy will soon become apparent as well.
Read more CBO calls a TKO on the House health bill
28 July 2009 31 Comments
Because the proposed new health spending would grow faster than the proposed new income tax increases, the House health bill would increase the long-term deficit. Since the President has said he would not sign a bill that increases the long-term deficit, the bill is dead in its current form. Any tax increase that would grow more slowly than the proposed new spending faces the same irreconcilable problem. The only way to solve this problem and meet the President’s long-term goal is to cut other health spending or tax employer-provided health insurance.
Read more 20 questions for the President's press conference
21 July 2009 105 Comments
The President is scheduled to hold a press conference Wednesday evening at 8 PM EDT. I offer twenty questions about economic policy for consideration by members of the White House press corps. They cover the economy, stimulus, taxes, autos, health care, energy and climate change, and trade.
Read more Does the House really want to raise taxes on eight million uninsured people?
14 July 2009 148 Comments
I wonder how many House Democrats know that their bill would result in about eight million people who would remain uninsured AND have to pay higher taxes? And they’re not rich people.
Read more Misreading the economy
6 July 2009 10 Comments
The Vice President says that “We and everyone else misread the economy,” and that “No one anticipated, no one expected that that recovery package would in fact be in a position at this point of having to distribute the bulk of money.” This is inaccurate.
Read more CBO scores the Kennedy-Dodd bill
16 June 2009 43 Comments
CBO says a part of the Kennedy-Dodd bill would cost more than $1.3 trillion over 10 years and insure 16 million more people. When the policy is in full effect in 2015, half the people who would receive subsidies already have private health insurance, and taxpayers would pay more than $9,000 per newly insured person.
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