By Michael Lucci
02/19/2014
The nonpartisan Congressional Budget Office, or CBO, released an estimate Tuesday afternoon saying that the Obama administration’s proposed minimum wage hike would result in 500,000 fewer Americans being employed. The proposal, supported by Democrats in Washington, D.C., and Springfield alike, is to hike the minimum wage to $10.10 per hour. Low-wage workers would see a...
By Naomi Lopez Bauman
02/12/2014
The president continues to promote the recent Congressional Budget Office report that predicts that the U.S. labor force will lose the equivalent of 2.5 million more jobs as the result of the Affordable Care Act, commonly known as ObamaCare. While he extols the benefits of having more flexibility in one’s job decisions as a result...
TAGS: ACA: Affordable Care Act, jobs
By Naomi Lopez Bauman
10/05/2013
Federal officials are trumpeting the high “demand” that ObamaCare’s health insurance exchanges are experiencing, but their celebration is misguided. What’s the point of the ObamaCare health insurance exchanges if the end result is to dump the majority of Americans covered under ObamaCare into Medicaid? The truth is that more than three-quarters of the newly insured next year...
By Naomi Lopez Bauman
09/09/2013
If you were told that your health insurance premiums would be doubling next year, would you be celebrating? Only if you were expecting them to triple. A new study of ObamaCare health insurance premiums in 17 states and the District of Columbia suggests that the cost for consumers will be lower than the previous Congressional Budget Office...
By Jonathan Ingram
10/12/2012
In last night’s Vice Presidential debate, you might have heard Vice President Biden claim that ObamaCare “saved $716 billion [from Medicare] and put it back — applied it to Medicare.” The only problem with this claim? It’s simply not true. As the Congressional Budget Office notes, ObamaCare is expected to cut $716 billion from the Medicare...
by Emily Dietrich President Obama convened a joint session of Congress Thursday night to unveil his latest jobs proposal. Almost immediately, lawmakers and political pundits levied harsh criticism. Leftists expressed fear that the President’s proposal isn’t “bold” enough. The purported $450 billion price tag doesn’t come near the $1 trillion in spending some have agitated...
by Aon Hussain For weeks on end the debt ceiling deadline debate captured the public’s attention on a very serious fiscal situation. But what was actually accomplished in terms of solving our nation’s problems? Here’s a look at the projected numbers for fiscal year 2011. US Tax Revenue: $2,228,000,000,000 Federal Budget: $3,708,000,000,000 New Debt: $1,480,000,000,000 National Debt: $14,584,000,000,000...
by Amanda Griffin-Johnson Mercatus senior research fellow Veronique de Rugy’s latest publication describes the dire consequences of the federal government’s spending trajectory. She shows the long-term divergence between federal government spending and tax revenue in the chart below. As Veronique de Rugy explains: If we do not change course, servicing this debt will end up as our biggest...
A painstakingly accurate chart from the Mercatus Center's Veronique de Rugy illustrates what current policies will do to our share of the nation's debt. Take your portion today, and double it.
Senator Toomey discusses the consequences of raising the debt ceiling.
