Posts Tagged 'Congressional Budget Office'

The Congressional Budget Office has some bad news for Obamacare repealers

The Congressional Budget Office has stepped into the Obamacare repeal fight, issuing a fierce warning to Republicans in the form of … a sternly worded blog post.

CBO is the government’s nonpartisan scorekeeper, the agency that tells Congress how much new programs cost and who they’ll cover. Their analysts will estimate how many people get insurance under any Republican replacement plan.

And CBO, in its new blog post, says it won’t let Republicans count especially skimpy coverage as ...

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Bill Black: Debt Derangement Syndrome – Saving Our Grandkids from Wall Street

This is Naked Capitalism fundraising week. 1320 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in financial realm. Please join us and participate via our Tip Jar, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what we’ve accomplished in the last year, and our fifth goal, more original reporting.

By Bill Black, the author of The Best Way to Rob a Bank is to ...

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Deirdre Fulton – Sanders Condemns Obscene Levels of Inequality Documented in New CBO Report

Yet another report, this one from the U.S. Congressional Budget Office (CBO), highlights what many American families already know: The rich keep getting richer, while everyone else keeps struggling to get by.

The CBO report, released Thursday and prepared at the request of Sen. Bernie Sanders (I-Vt.), examines trends in family wealth from 1989 to 2013.

It found, unsurprisingly, that the distribution of wealth—assets including home equity, other real estate holdings, financial securities, and defined contribution ...

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BINYAMIN APPELBAUM and MICHAEL D. SHEAR – Once Skeptical of Executive Power, Obama Has Come to Embrace It

Once a presidential candidate with deep misgivings about executive power, Mr. Obama will leave the White House as one of the most prolific authors of major regulations in presidential history.

Blocked for most of his presidency by Congress, Mr. Obama has sought to act however he could. In the process he created the kind of government neither he nor the Republicans wanted — one that depended on bureaucratic bulldozing rather than legislative transparency. But once Mr. Obama got the taste for ...

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George Monbiot – How to Build a Crisis

What have governments learnt from the financial crisis? I could write a column spelling it out. Or I could do the same job with one word. Nothing.

Actually, that’s too generous. The lessons learned are counter-lessons, anti-knowledge, new policies that could scarcely be better designed to ensure the crisis recurs, this time with added momentum and fewer remedies. And the financial crisis is just one of multiple crises – in tax collection, public spending, public health, above all ecology – that ...

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George Monbiot – The Gathering Financial Storm Is Just One Effect of Corporate Power Unbound

Corporate-friendly international agreement like TPP and TTIP, writes Monbiot, “could scarcely be better designed to exacerbate and universalise our multiple crises – financial, social and environmental.”

What have governments learned from the financial crisis? I could write a column spelling it out. Or I could do the same job with one word: nothing.

Actually, that’s too generous. The lessons learned are counter-lessons, anti-knowledge, new policies that could scarcely be better designed to ensure the crisis recurs, this time with added momentum and ...

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How NPR Is Doing Right-Wing’s Economic Dirty Work on Debt By Dean Baker

Billionaire Peter Peterson is spending lots of money to get people to worry about the debt and deficits rather than focus on the issues that will affect their lives.

National Public Radio is doing its part to try to promote Peterson’s cause with a Morning Edition piece [2] that began by telling people that the next president “will have to wrestle with the federal debt.” This is not true, but it is the ...

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Nuclear Proliferation Is Still the Greatest Threat We Face – Valerie Plame Wilson

As a former covert CIA operative, specializing in counter-proliferation, I still believe that the spread of nuclear weapons and the risk of their use is the greatest existential threat we face. Twenty-six years after the end of the Cold War, the world still has more than 15,000 nuclear weapons. Whatever other issues people care about — poverty, the environment, inequality and so many others — if we don’t get this one right, and soon, nothing else will matter.

We are at ...

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