The Congressional Budget Office has published its Long-Term Budget Outlook for 2019, projecting the U.S. government’s fiscal health will become much worse over the next 30 years in its baseline scenario.

Last December, the Congressional Budget Office generated a list of ideas for how the U.S. government could save trillions of dollars over the next 10 years.

The Congressional Budget Office has issued its Budget and Economic Outlook for 2019 through 2029, where it projects that for the next 10 years, the U.S. government’s spending and tax collections will each grow at an average annual rate of 5 percent a year.

U.S. Government’s long-term budget outlook released.

On February 10, the Congressional Budget Office (CBO) admitted a mistake in its projections of the share of earnings replaced by Social Security for people approaching retirement. Last fall, the CBO said the annual Social Security benefit for those born in the 1960s and retiring at age 65 would replace 60 percent of their...
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The Obama administration has released a report estimating that enrollment in Obamacare will reach only 9.4 million to 11.4 million at the end of 2016. Back in 2010, when the Affordable Care Act was passed, the Congressional Budget Office estimated that exchange coverage would reach 21 million next year (Table 4). Why the come...
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I have asked, and the Congressional Budget Office has answered. Well, not really. Although, I have been urging the CBO to do a comprehensive estimate of all the effects of the Affordable Care Act, effectively for the first time since 2012. It did so last week. The main takeaway is that “repealing the ACA...
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There have been a number of claims that lack of insurance is life threatening. The most recent and well known is an Institute of Medicine (IOM) study claiming that 18,000 people die every year because they do not have health insurance.[1] Using a similar methodology, a study for the Physicians for a National Health...
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I was on the road a good deal last week, driving from my home in southeast Louisiana first through a long stretch of Mississippi to Tuscaloosa, Alabama, then to the outskirts of Birmingham and on to Auburn, Alabama, and finally from there back to my home by way of Montgomery and Mobile. Along the way, I was...
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Obama’s promised “unofficial budget” of $1 trillion over 10 years for his health care overhaul has already been busted, according to this AP story today: Spending not accounted for in its original estimates could bring the total price tag for the healthcare reform law to more than $1 trillion, according to the Congressional Budget...
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