Tag Archives: Congressional Budget Office

The Budget and Economic Outlook: 2015 to 2025 | Congressional Budget Office

The Budget and Economic Outlook: 2015 to 2025 | Congressional Budget Office. Note from P.L. Johnson The budget deficit for FY 2015 is estimated to come in at $468 billion, which is calculated at 2.6% of GDP and will be the lowest … Continue reading

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The U.S. Deficit as a Percentage of GDP

By Patricia L Johnson The U.S. deficit has been a major topic of discussion, especially when it gets close to an election.  The opposing party has continually used the deficit as a topic of conversation to indicate how poorly the U.S. … Continue reading

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CBO and JCT latest estimates on costs of Affordable Care Act

cbo.gov/sites/default/files/cbofiles/attachments/45231-ACA_Estimates.pdf. “Relative to their previous projections made in February 2014, CBO and JCT now estimate that the ACA’s coverage provisions will result in lower net costs to the federal government.”

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U.S. National Debt – Cause and Effect

By Patricia L Johnson and Richard E Walrath Each year the CBO, Congressional Budget Office, releases a report titled The Budget and Economic Outlook with their projections for the period beginning the year it’s released and containing projections for the … Continue reading

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How About a Fact or Two Added to the Discussion of the 2.5 Million Lost Jobs

Opinion By Patricia L Johnson The Congressional Budget Office released their report “The Budget and Economic Outlook: 2014 to 2014” [1] on February 4, 2014. Republicans were positively ecstatic over the fact the report indicated 2.0 million jobs would be … Continue reading

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How Much Do You Know About the Bush Tax Cuts andTheir Impact on our Deficit and National Debt?

By Patricia L Johnson Each year the bipartisan Congressional Budget Office (CBO) completes a projected budget for the next decade. The CBO projection in 2001 for the 10-year period of 2002 through 2011 indicated budget surpluses totaling $5.6 trillion dollars1  … Continue reading

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Congressional Budget Office – Estimated Impact of Automatic Budget Enforcement Procedures Specified in the Budget Control Act

Congressional Budget Office – Estimated Impact of Automatic Budget Enforcement Procedures Specified in the Budget Control Act.

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Congressional Budget Office – Budget and Economic Outlook: An Update

Congressional Budget Office – Budget and Economic Outlook: An Update. “The federal budget deficit totaled $1.23 trillion through the first 11 months of fiscal year 2011, CBO estimates–$28 billion less than the deficit incurred in the same period last year. … Continue reading

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CBO Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from April 2011 Through June 2011

Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from April 2011 Through June 2011 The American Recovery and Reinvestment Act of 2009 (ARRA) contains provisions that are intended to boost economic activity and employment … Continue reading

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CBO COMPARISON OF UPDATED BUDGET CONTROL ACT PROPOSALS

Source: CBO

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A $145 Billion Increase to Deficit?

An opinion by Patricia L Johnson Determining whether or not a particular bill will be beneficial to this country generally begins with a request to the Congressional Budget Office [CBO] to determine costs involved and budget impact. In March of … Continue reading

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