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Keyword: cbo4obamacare

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  • CBO Warns of Increased Risk of U.S. Fiscal Crisis

    07/27/2010 6:33:22 PM PDT · by Behind Liberal Lines · 33 replies · 1+ views
    American Spectator ^ | 7.27.10 @ 5:24PM | By Philip Klein
    The Congressional Budget Office today released a new report on the risk of a fiscal crisis occuring in the United States due to our long-term debt... The bottom line is that the longer we prolong dealing with our debt problem, the greater the risk of a fiscal crisis, and the more unattractive the options become for digging ourself out of the mess. It outlines several consequences for growing debt, including crowding out of private investment and the need for higher taxes and/or spending cuts. Of higher taxes, however, it warns that, "To the extent that additional tax revenues were generated...
  • CBO tells Obama deficit panel that forecast remains bleak [Ya think?]

    07/01/2010 12:41:13 AM PDT · by JohnHuang2 · 11 replies
    Washington Post ^ | Thursday, July 1, 2010 | By Lori Montgomery
    President Obama's overhaul of the health-care system has done little to improve the nation's fiscal outlook, and his pledge to extend an array of tax cuts for the middle class would only make things worse, congressional budget analysts said Wednesday. In its latest long-term forecast, the nonpartisan Congressional Budget Office predicted that the national debt, which has surged to nearly 60 percent of annual economic output in the wake of the recession, would continue rising in the coming decades despite cost-containment measures in the health overhaul Obama signed this spring.