Health Policy Experts Agree With SBC Analysis Of CBO Data: Obamacare Makes Deficits Worse
“It seems relatively safe to say that Obamacare — which Democrats passed over unanimous Republican opposition with just three votes to spare in the House and without a single vote to spare in the Senate — wouldn’t have passed had it been scored as a deficit bill.”
Highlights Of Waste And Abuse In The Obama Administration
In advance of President Obama unveiling his FY 2015 budget earlier this year, senior White House staff signaled to the Washington Post that the plan would “call for an end to era of austerity.” This despite the fact that the nation has spent $21.1 trillion since 2009. Gross federal debt has increased by $7.23 trillion […]
Obamacare’s Five Biggest Broken Promises
CBO estimates Obamacare will produce a dramatic reduction in the number of hours worked by Americans as well as the size of the overall labor force, the equivalent of 2.5 million fewer Americans working full-time as a result of the law.
Analysis Of CBO Data Shows That Obamacare Will Increase Deficit Over Next Decade
Altogether, the SBC Republican staff analysis finds that after taking significant changes since 2012 into account, the Democrats’ health care law will increase the budget deficit by $131 billion over the current 10-year budget window (FY 2015–2024)
The Obama Economy: A Chart Book
The great economic tragedy of our time is the erosion of the American middle class. Millions of Americans find themselves locked out of the American Dream. Their wages are either flat or falling, even as the price of energy and goods surges; the labor force is shrinking; and the government stimulus which was claimed to […]
SBC Staff Analysis Of CBO’s Updated Budget And Economic Outlook
The Budget OutlookAccording to CBO’s updated budget projections released today, the federal government is on track to spend $3.5 trillion in the fiscal year ending September 30. Tax collections will total $3.0 trillion, resulting in a deficit of $506 billion. This estimate is $14 billion above CBO’s April estimate of $492 billion, and is the […]
CBO Report: After Doubling In Last Six Years, Debt Will Explode In Coming Decades
The report underscores the destructive economic consequences of growing deficits and rapidly rising federal debt.
The President’s Mid-Session Review Of The FY 2015 Budget
The President’s policies would result in a gross debt of $25.5 trillion at the end of fiscal year 2024, an increase of $8.8 trillion (53 percent) from the $16.7 trillion where it stood at the end of last year.
Record Number Of Men In Prime Working Years Are Not In The Workforce
There are currently 61.1 million American men in their prime working years, age 25–54. A staggering 1 in 8 such men are not in the labor force at all, meaning they are neither working nor looking for work. This is an all-time high dating back to when records were first kept in 1955. An additional […]
The Economy Since 2009
The recession officially ended in June 2009, but by nearly every measure, the period since has seen the slowest economic recovery since the end of World War II. Job creation is historically low for this point in a recovery, investment is poor despite record low interest rates, and labor supply is sluggish. Every day that […]