CBO

A study recently released by the AARP, formerly the American Association of Retired Persons, attempts to rebut claims by “critics” of Joe Biden’s Inflation (Reduction) Act (IRA) “that the law will lead to higher costs for enrollees.” It…

The Friday before Inauguration Day, the Congressional Budget Office (CBO) illustrated the fiscal challenge facing President Trump and the new Republican Congress. In a short version of its annual Budget and Economic Outlook, CBO quantified…

The cliché holds that a picture is worth a thousand words. But a recent chart from the Congressional Budget Office is worth nearly 2,000,000,000,000 (that’s two trillion) words. It illustrates the size of the budget deficits Washington…

Members of Congress may have decamped Washington to campaign for reelection, but in nondescript buildings near Capitol Hill, federal budget gnomes continue their work. The Congressional Budget Office (CBO) recently released two reports…

Lest anyone think the gusher of federal spending ended with the Covid pandemic, a new analysis from the Congressional Budget Office (CBO) demonstrates otherwise. The analysis shows the true motivation behind the supposedly “temporary”…

Four presidential elections ago, Barack Obama won the White House in part by promising that under his health care plan, “If you like your plan, you can keep it.” It ended up not being true, of course — so much so that Politifact made this…

Just when you think things couldn’t get worse on the fiscal front, Washington once again manages to exceed expectations. One couldn’t help but get that impression from the latest update to the nation’s (poor) budget situation. The…

If you think our current fiscal situation, with $2 trillion deficits, looks bleak, the recent Congressional Budget Office (CBO) outlook for the years ahead has news for you: You ain’t seen nothing yet. As it has for many years, the document…

In his State of the Union message in February, President Biden bragged that his “administration cut the deficit by more than $1.7 trillion — the largest deficit reduction in American history.” That boast lasted barely six months. Biden’s…

As it has often had to do over the past several years, the Congressional Budget Office (CBO) recently released a report illustrating the fiscal problems looming dead ahead for the United States. Its most recent analysis, an annual report…