by Bruce Webb Last week was kind of a busy time for CBO scoring with the result that some stories got over-reported and others not reported at all. So lets back up a little. Tuesday July 14. CBO scores the coverage costs of HR3200, the House Tri-Committee Bill. The CBO Director’s Blog puts this announcement […]
by Bruce Webb Press release from the House Ways and Means Committee dated Saturday July 18th. CBO Scores Confirms Deficit Neutrality of Health Reform Bill Washington, D.C. — The Congressional Budget Office (CBO) released estimates this evening confirming for the first time that H.R. 3200, America’s Affordable Health Choices Act, is deficit neutral over the […]
by Bruce Webb h/t to dKos poster Pronin2. http://www.cbo.gov/ftpdocs/104xx/doc10464/hr3200.pdf New scoring released Friday night shows the ten-year net increase to the deficit from the House Tri-Committee bill down to $239 billion with an actual five year surplus of $44 billion. I guess we will have to see whether the AP and the Republicans cling to […]
by Bruce Webb I haven’t gone through the text or the numbers, make of this what you will. But at least we can start with some actual numbers attached.McClatchy: Kennedy-Dodd unveil cheaper health care bill Bill Text: SHORTTITLE.—This Act may be cited as the ‘‘Affordable Health Choices Act” CBO ScoreExcerpts and updates may be added […]
by Bruce Webb In comments on the last post MG was challenging 2Slugs contention that the real issue was Medicare, while BuffPilot was accusing me of ignoring Obama spending. Well I am on my way out the door and will let the CBO do the talking for me:That near term temporary light blue peak? Obama […]
by Bruce Webb In a previous post I highlighted the chapter of CBO’s Long-Term Budget Outlook that pertained to Social Security. But the Report goes beyond that and in fact focuses on two different possible scenarios outlined in the following Table:The shorthand way of defining ‘extended baseline’ is ‘Bush tax cuts expire on schedule’ while […]
by Bruce Webb Congressional Budget Office Long Term Budget OutlookDiscuss. (Social Security is chapter 3) (Update) Not a lot of meat here. CBO offers two outlooks for Social Security, one which projects a payroll gap of 1.33% (extended baseline) and another 1.54%. (alternative fiscal scenario). The former assumes that the 2001 and 2003 tax cuts […]
by Bruce Webb These figures show graphically what the recession has done to Social Security’s medium term outlook. Answer? Not much.. A near term dip in income is never fully recovered in dollar terms. A DI ‘Primary Surplus’ heading for zero got there a little faster. Does any of this add up to rushing to […]
DeLong body-slams Mankiw. Especially like this: Mankiw: The CEA website should also post a notice about CEA internships, as we had during my tenure as CEA chair, so students can find out how to apply. DeLong: “Let me, for one, state that I am very glad that Christie Romer has been too busy since her […]
by Bruce Webb Movie Guy further requested some discussion on CBO Director Elmendorf’s testimony to Congress from yesterday. The whole text is here Elmendorf testifies before House Budget Comm I didn’t have time to thouroughly review the whole thing but these tables were interesting enough to put up for comment.