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followthethings.com (CC BY-NC-SA 2.0)

Minimum Truth: The Hollow Argument Against Higher Wages

In the midst of a crucial political debate that plainly favored proponents of a higher minimum wage, the Congressional Budget Office dropped a bombshell headline last week.

Posted on Feb 24, 2014 READ MORE


Obamacare Job Killers

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Posted on Feb 12, 2014 READ MORE



Shutterstock

Must the Obamacare Debate Be Stupid?

By broadening access to health insurance, the Affordable Care Act ends the tyranny of “job lock,” which is what the much-misrepresented Congressional Budget Office study of the law released on Tuesday shows.

Posted on Feb 5, 2014 READ MORE



CBO: Obamacare Will Thin Full-Time Workforce by 2 Million

The Congressional Budget Office offered more fodder Tuesday for opponents of Obamacare to hate on the Affordable Care Act—should they choose to spin the facts and figures.

Posted on Feb 4, 2014 READ MORE


the day the government runs out of money
Shutterstock

Oct. 17: The Day the Money Runs Out

Treasury Secretary Jack Lew has written House Speaker John Boehner to warn that unless Congress raises the debt limit, the United States of America is going to start bouncing checks.

Posted on Sep 25, 2013 READ MORE



Budget Report Proves Krugman Right, Coulter Says ‘Screw You’ to Obama, and More

A look at the day’s political happenings, including a Republican flip-flop on immigration reform and Chris Christie pokes fun at himself on “The Late Show with David Letterman.”

Posted on Feb 5, 2013 READ MORE



Flickr/401(K) 2012

Fiscal Cliff Deal Would Add Trillions to Deficit

Instead of deficit reduction, it appears the fiscal cliff deal that was passed in the Senate early Tuesday morning would only add to the federal government’s budget problems.

Posted on Jan 1, 2013 READ MORE



401(K)2012 (CC BY-SA 2.0)

Ryan’s Budget Figures Don’t Add Up

Certain media pundits’ hearts are aflutter over how honest, intellectual and responsible GOP vice presidential candidate Paul Ryan supposedly is. But not economics professor Bill Black, who shows that Ryan’s “Tinker Bell” budget proposal uses numbers that have nothing to do with the economy to achieve fiscal balance in the next few decades.

Posted on Aug 17, 2012 READ MORE



White House Photo by Paul Morse (via Wikimedia Commons)

Dubya’s Presidential Tab, Jon Stewart on Political Gaffes and More

A look at the day’s political happenings, including Arizona’s special election, the fiscal damage done by George W. Bush’s presidency and the latest on the controversial Florida voter purge.

Posted on Jun 12, 2012 READ MORE


Have and Have-Not Nation

The hard-right conservatives who dominate the Republican Party claim to despise the redistribution of wealth, but secretly they love it—as long as the process involves depriving the poor and middle class to benefit the rich, not the other way around.

Posted on Oct 27, 2011 READ MORE



AP / Jay Finneburgh

Thirty Years of Unleashed Greed

It is class warfare. But it was begun not by the tear-gassed, rain-soaked protesters asserting their constitutionally guaranteed right of peaceful assembly but rather the financial overlords who control all of the major levers of power in what passes for our democracy.

Posted on Oct 26, 2011 READ MORE


Bush's budget
AP / Pablo Martinez Monsivais

The Lowdown on Trickle-Down

Not like the truth will make a difference for the folks who watch Fox News, but the nonpartisan Congressional Budget Office has analyzed the short-term effects of extending George W. Bush’s tax cuts for the rich and concluded that doing so would be the least effective way to cut unemployment and spur the economy.

Posted on Sep 11, 2010 READ MORE


After the Recession, Belt-Tightening

This is no time for retrenchment, but the deficit projections coming out of the Congressional Budget Office are alarming and will only get worse if we dawdle.

Posted on Jul 4, 2010 READ MORE


Score One for Skepticism

Democrats are delighted with the Congressional Budget Office’s analysis of their health care bill, but the Republicans have good reason to be skeptical.

Posted on Mar 18, 2010 READ MORE



White House / Lawrence Jackson

Nancy Pelosi Promises Public Option on the Cheap

The House speaker is thrilled to hear from the Congressional Budget Office that all three versions of the public option under consideration in the lower chamber would be cheaper than expected and would actually reduce the deficit over 10 years.

Posted on Oct 20, 2009 READ MORE


Double the Troop ‘Surge’ in Iraq?

A new study by the nonpartisan Congressional Budget Office concludes that Bush’s “surge” plan could actually add as many as 48,000 troops to Iraq—more than double the number the president has pledged. That’s because all combat units need to be backed up by support troops. (h/t: Defense Tech)

  • Also, the cost of deployment could be five times Bush’s estimate.

  • Posted on Feb 1, 2007 READ MORE


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