CBO

Received this e-mail from MoveOn.org: Dear MoveOn member, This is a make-it-or-break-it week for Democrats, who are poised to start voting on President Joe Biden's $1.9 trillion COVID relief bill, including an increase in the federal minimum wage from $7.25 an hour.1 All 50 senators in the Democratic caucus are needed to...

More
  • February 24, 2021

Received this e-mail on Friday from Slate Magazine’s The Surge where they rank these seven U.S. Senate races to watch: 1. Maine Putting this race in the top slot feels a bit like cheating. Sure, there was a Quinnipiac poll this week that showed GOP Sen. Susan Collins trailing her Democratic opponent,...

More
  • September 20, 2020

A lot’s been going on in the news but here’s something you might’ve missed: The Senate is expected to debate into next week bipartisan legislation that would allow massive spending on the nation’s public lands and help two GOP senators boost their moderate credentials in tight reelection races. Senators voted...

More
  • June 12, 2020

Trump’s economy is only the sixth best of the last ten presidents, and Trump has squandered the growth created in the previous administration as he has never achieved his promised annual growth, manufacturing is in recession, and the deficit is massive.  x Best economy ever? Not really. Judged by growth...

More
  • February 19, 2020

As Donald Trump’s bragging about the economy reached a crescendo last fall, former Obama White House communications director Jen Psaki provided a helpful reality check for the American people. “A buffoon could have kept the recovery going,” Psaki explained, “and in fact one has so far.” That Trump had inherited...

More
  • August 25, 2019

photo: MFA Activist Ady Barken Testifies at the Rules CommitteeAs Rep. Jayapal Looks On. Tell Congress We Need MFA! In solidarity,  Mike Hersh for Alan, Dr. Bill, Dan, Janis, Deb, Kimberly, Bryan, Mike F., and Shayna—your PDA national team. Together, We’re Making Medicare For All History Today, on Medicare For...

More
  • May 6, 2019

photo: MFA Activist Ady Barken Testifies at the Rules CommitteeAs Rep. Jayapal Looks On. Tell Congress We Need MFA! In solidarity,  Mike Hersh for Alan, Dr. Bill, Dan, Janis, Deb, Kimberly, Bryan, Mike F., and Shayna—your PDA national team. We’re Making History With Medicare For AllTell Your Senators To Cosponsor...

More
  • May 4, 2019

Zombies have gripped American popular culture for years. In books, television shows, and films, the undead are regularly resurrected for your entertainment. (Even Jane Austen fans were treated to Elizabeth Bennet and Mr. Darcy butchering those from beyond the grave in Pride and Prejudice and Zombies.) But whatever their reanimation...

More
  • April 28, 2019

Even a broken clock, the old saying goes, is right twice a day. So it was for Donald Trump during his 2019 State of the Union address on Tuesday night. During perhaps the most backward-looking presidential message in memory, the president thundered about a mythical national crisis of undocumented immigration putting...

More
  • February 10, 2019

“Both sides do it” may well be the most dangerous and deceitful phrase in U.S. politics. The lazy analyst’s substitute for actual journalism doesn’t merely misdiagnose what plagues the American body politic, but fails to correctly identify the source of the disease. As Thomas Mann and Norman Ornstein put it...

More
  • February 3, 2019

In the future, historians and political scientists will speak of the “Ryan Gap.” That moniker will be used to measure the yawning chasm between the shining image a politician manufactures for him or herself and the brutal truth of their failed ideas and meager accomplishments. Of course, the inspiration for...

More
  • December 23, 2018

And now for today’s thought exercise. Imagine you are a member of Congress. Recent assessments from the nonpartisan Congressional Budget Office (CBO) warn that the budget deficit for fiscal year 2018, which ended on Sept. 30, jumped to $779 billion and annual trillion-dollar shortfalls will return beginning in FY 2020. But then...

More
  • December 16, 2018

During the 2012 presidential campaign, Republican nominee Mitt Romney made a not-so-bold promise about the stewardship he would provide for the American economy. “I can tell you,” he guaranteed, “after a period of four years, by virtue of the policies we'd put in place, we'd get the unemployment rate down...

More
  • November 18, 2018

Eight years ago, Republicans steamrolled their way to an overwhelming victory in the 2010 midterms. Powered by demonstrable falsehoods about a “government takeover of health care,” Obamacare “death panels,” and Americans being “taxed enough already,” the GOP gained 63 seats and a huge new majority in the House of Representatives. Perhaps...

More
  • October 22, 2018

Like a recurring biblical plague, they descend across the country. Despite the repeated warnings from both experts and lay persons of good faith and common sense, the media and tens of millions of people are nevertheless still shocked by their arrival. As predicted, they devastate everything in their path, leaving...

More
  • September 16, 2018

Over the past couple of weeks, the Trump administration and its allies have been engaging in a lot of wishful thinking. Fresh off the strong second quarter economic growth number of 4.1 percent, Trump told a gathering of business leaders next quarter “could be in the fives.” Not content to...

More
  • August 20, 2018

In the spring of 2016, then-candidate Donald Trump promised Americans he would eliminate the entire $19 trillion national debt of the United States “say over a period of eight years.” His pledge was ludicrous on its face. With the CBO already forecasting $6.7 trillion in new debt and Trump proposing...

More
  • July 1, 2018

When it comes to the culpability for the dismal state of American politics and the accelerating erosion of our governing institutions, failure has a thousand fathers. At the top of the list of the usual suspects is Donald Trump, whose presidency of staggering incompetence, unsurpassed corruption, and lying at the...

More
  • June 3, 2018

I bear no particular grudge against Alice M. Rivlin.  She appears to have led a fine life of public service, and, as discussed below, considers herself a “moderate Democrat.”  She is the type of moderate Democrat who was a member of the Simpson-Bowles deficit commission – and so I disagree...

More
  • March 8, 2018

“You can fool some of the people all of the time, and that’s our target market.” That perversion of Abraham Lincoln’s timeless adage might as well be the slogan of the modern Republican Party, especially when the topic is taxes. After all, the Congressional Budget Office (CBO), the Joint Committee...

More
  • December 10, 2017

Campaign Action Donald Trump and his Republican allies have two definitions of the term, “golden showers.” The first concerns a notorious—and as-yet unsubstantiated–claim from the so-called Russian dossier: Decorum prohibits elaborating further here. The second meaning of the term, however, describes any public policy—usually involving taxes—which overwhelmingly delivers its benefits to...

More
  • December 3, 2017

With apologies to Benjamin Disraeli, there are three kinds of lies Republicans are telling about their tax plan: lies, damned lies, and f**king lies. Constraints of space and time preclude listing them all, but here is a handful of the GOP’s most farfetched falsehoods. For example, earlier this month House...

More
  • November 26, 2017

Next week, Congressional Republicans will vote on the Graham-Cassidy bill supposedly designed to “repeal and replace” Obamacare. Shockingly, they will do so without a score from Capitol Hill’s nonpartisan scorekeeper, the Congressional Budget Office (CBO). As the office led by the GOP’s hand-picked director Keith Hall warned last Monday, “CBO...

More
  • September 24, 2017

In his 2007 book The Assault on Reason, former Vice President Al Gore warned about what he saw as a dire threat to American democracy. “The 'well-informed citizenry,’” Gore fretted, ”is in danger of becoming the 'well-amused audience.'” In a presentation on Super Tuesday 2008 (“That’s Entertainment: Politics as Theater in...

More
  • July 30, 2017

Republicans have now come up with their new option which they call a “skinny repeal” or the “skinny bill.”  This bill option is not fully known yet, but seems certain to include a repeal of the individual mandate, the employer mandate and some of the medical device taxes.  Again, millions...

More
  • July 27, 2017

The Wall Street Journal, reporting on a study by Stanford University, debunks a favorite Republican talking point and reports that “Fears Obamacare Would Be A Job Killer Were Wrong.”  As Michael Derby at the WSJ explains: Projections that the Obama administration’s signature health-care legislation would drive workers out of the labor...

More
  • July 26, 2017

As pictured above, a significant portion of the U.S. health insurance market has chosen to write a joint letter to Senators Mitch McConnell and Chuck Schumer, explaining that the current Republican health insurance proposal is “unworkable in any form.”   The joint letter could not be any more stark and explicit.  As noted in...

More
  • July 15, 2017

In December 2003, Democrats in Congress overwhelmingly opposed President Bush’s Medicare Part D prescription drug program. With good reason. The new benefit included the infamous “donut hole,” a gap in coverage which still saddled many seniors with out-of-pocket costs for their prescriptions. Making matters worse for 45 million elderly and...

More
  • July 2, 2017

This past week was a very big one for some very big promises from Republicans in Washington. It didn’t go well for them. Three weeks after House Republicans voted to pass a new version of their “American Health Care Act,” the nonpartisan Congressional Budget Office (CBO) weighed in on high-profile...

More
  • May 28, 2017