Posts Tagged ‘Congressional Budget Office’
Posted by Warm Southern Breeze on Thursday, September 3, 2020
Would You Trust Trump To Handle Ebola?
Why Trust SOCIAL SECURITY To Him?
“I just dropped in to see what condition my condition was in.”
So sang Kenny Rogers, in “Just Dropped In (To See What Condition My Condition Was In)” in 1968 when he was part of the group Kenny Rogers and The First Edition.
It’s good to occasionally get a check up on oneself, or to perform – as much as possible – a self-checkup, or as some call it, “a check-up from the neck up.”
Today, the Congressional Budget Office released a report entitled “The Outlook for Major Federal Trust Funds: 2020 to 2030.”
The report may be downloaded free from this site, or from the CBO website.
On this site here:
Congressional Budget Office Report September 2020 – Major Federal Trust Funds Outlook 2020-2030
Or, from the CBO website here:
https://www.cbo.gov/system/files/2020-09/56523-Trust-Funds.pdf
The picture they paint is concerning.
Yet, it’s not as if we didn’t know it was coming… sooner, or later.
Kind of like the COVID-19 pandemic.
We’d been warned for years about the very real, and distinct possibilities of an outbreak of disease, and this POS45 President and his henchmen administration unwisely decided to heed bad advice given to them (most likely, issued at his heavy-handed, micromanaging god-like “expert-in-all-things” direction) and dismantled the offices and organizations, and their budgets, that were designed specifically to effectively mange such problems.
Remember: Unlike the novel coronavirus pademic, the SARS-CoV-2 which causes COVID-19, Ebola was NOT a problem in this nation, nor in the world at large, and its outbreak was contained to the immediate area precisely because of the wise actions of the previous administration. That’d be the Obama administration, in case you’ve developed amnesia, early-onset Alzheimer’s, or old-age dementia in the last 4 years… take your pick.
Just imagine if the coronavirus had been Ebola.
On second thought, don’t.
Be thankful it’s not worse… though it will likely get worse before it gets better.
The CBO report first methodically laid out an explanation about Federal Trust Funds, and then, began to discuss them one-by-one.
Fortunately, the report is easy to read, and to understand.
The report states that Read the rest of this entry »
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Posted in - Did they REALLY say that?, - Do you feel like we do, Dr. Who?, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: 2020, budget, CBO, change, Congress, Congressional Budget Office, coronavirus, COVID-19, disease, ebola, economy, government, money, news, public health, report, Social Security, taxes | Leave a Comment »
Posted by Warm Southern Breeze on Thursday, April 17, 2014
Historically, our nation has prospered when tax rates on the ULTRA wealthy and corporations were highest.
In the period following World War II, under President Dwight David Eisenhower – a Republican, and former Supreme Allied Commander / 5ive Star General – Corporate Tax rates have continually declined.
Now, during the Obama administration, they are at the LOWEST they have EVER been.

Corporate Income Tax Rates have continually declined the peaked during the Eisenhower administration. The formula is: b/(a+b) Where (a) Corporate Profits After Tax (without IVA and CCAdj), Billions of Dollars, Seasonally Adjusted Annual Rate (CP); And (b) Federal Government: Tax Receipts on Corporate Income, Billions of Dollars, Not Seasonally Adjusted (FCTAX)
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Tax Havens Leave U.S. Filers $1,259 Tab Each, Report Says
By Derek Wallbank – Apr 15, 2014
U.S. taxpayers would need to pay an average of $1,259 more a year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens, according to a report.
“Tax haven abusers benefit from America’s markets, public infrastructure, educated workforce, security and rule of law -– all supported in one way or another by tax dollars -– but they avoid paying for these benefits,” U.S. Public Interest Research Group said in the report released today, the deadline for filing 2013 taxes.
ref: http://www.uspirg.org/reports/usp/picking-tab-2014
“Instead, ordinary taxpayers end up picking up the tab, either in the form of higher taxes, cuts to public spending priorities, or increases to the federal debt,” it said.
In total, the U.S. loses $150 billion in federal revenue and another $34 billion in state revenue annually because of money parked in tax havens, the Boston-based consumer advocacy group concluded.
That’s almost Read the rest of this entry »
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Posted in - Business... None of yours, - Lost In Space: TOTALLY Discombobulated | Tagged: Barack Obama, Bloomberg, business, Congressional Budget Office, corporations, Democrats, federal, haven, IBM, Internal Revenue Service, money, news, overseas, politics, Public Interest Research Group, Republicans, Revenue, Seasonally Adjusted Annual Rate, tax haven, taxes, U.S. PIRG, United States | Leave a Comment »
Posted by Warm Southern Breeze on Sunday, April 21, 2013
I wouldn’t have believed it had I not read it for myself from the official Congressional website.
U.S. Representative Martha Roby, a Republican from Alabama’s 2d Congressional District has introduced H.R. 1406, officially named the “Working Families Flexibility Act of 2013” which would END the requirement of the Fair Labor Standards Act for employers to pay Time-and-a-Half to employees for every hour worked over 40 in one week.
http://beta.congress.gov/bill/113th-congress/house-bill/1406
The Congressional Budget Office has reported on the bill, and in part wrote that: Read the rest of this entry »
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Posted in - Lost In Space: TOTALLY Discombobulated, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: Alabama, cheat, child labor, compensation, Congressional Budget Office, deception, Egypt, employees, Fair Labor Standards Act, family, GOP, governance, government, Hewlett-Packard, industrialist, labor, law, Let my people go., liars, management, Martha Roby, Moses, offshore, offshoring, overtime, overtime pay, pay, Pharaoh, policy, poll, radical, rate, Republican, Right to Work, Robber Baron, Robber Barons, Roby, Southen Poverty Law Center, steal, taxes, Tea Party movement, theft, theives, Time-and-a-half, unfriendly, United States, United States House of Representatives, unjust, weasel, Wikipedia | 353 Comments »
Posted by Warm Southern Breeze on Tuesday, August 14, 2012
“And you know what he did with it? He’s used it to pay for Obamacare, a risky, unproven, federal takeover of health care.” –Mitt Romney
Government estimates say that more than 6,000 jobs statewide and 20 percent of Iowa‘s electricity needs come from wind power, and the state’s senior GOP leaders all support renewing an extension of a wind tax credit that Romney opposes.
Romney’s campaign did not respond to repeated quests for his position on the other portions of the bill, which includes items such as a tax break for developers of NASCAR facilities and purchasers of electric motorcycles.
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http://www.businessweek.com/ap/2012-08-14/gop-ticket-faces-growing-pains-as-dems-attack
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FACT: The Congressional Budget Office (CBO) has determined that the Patient Protection and Affordable Care Act is fully paid for, Read the rest of this entry »
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Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: Affordable Care Act, assholes, Banksters, Barack Obama, bastards, Big Banks, Big Insurance, CBO, Congressional Budget Office, corrpuption, corrupt, Democrats, Douglas W. Elmendorf, Glass-Steagall Act, GOP, insurance, liars, Medicare, Mitt Romney, Obama, Obamacare, Office of Management & Budget, Patient Protection and Affordable Care Act, Paul Ryan, POTUS, Republicans, Romney Ryan, Ryan Budget, tax cuts, taxes, unholy trinity, United States, Wall Street | Leave a Comment »
Posted by Warm Southern Breeze on Monday, July 9, 2012
On it’s face, this makes utterly no sense – healers wasting healing resources on court battles.
Why is this happening?
In the end, they get the goldmine, and you, dear reader, get the shaft. But the greater problem is, that you’re already getting the shaft, and you just don’t know it.
Apologize?
Oh please!

Could this man be Public Enemy #1 in the Shoals area? David Spillers, Chief Executive Officer, Huntsville Hospital (256) 265-2835
David Spillers, CEO of Huntsville Hospital should apologize for WASTING precious patient resources by hiring denizen hordes of corporate attorneys to wage Hospital Wars against the public health of Shoals area citizens! And he’s doing this during hard times? C’mon… David? You don’t have any better use to which you can put that money?
It’s NOT rhetoric, folks.
This is your state government at work! And Spillers is playing the system.
It’s called the Certificate of Need Board, and their purpose is to decide whether or not communities need hospitals, and whether or not those who want to build them are allowed to build them.
Imagine this scenario: You’re sick as a dog, and are wanting to go see the doctor, but Read the rest of this entry »
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Posted in - Did they REALLY say that?, - Lost In Space: TOTALLY Discombobulated, - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: Alabama, Certificate of Need, Congressional Budget Office, David Spillers, Florence, Helen Keller, Helen Keller Hospital, Huntsville Hospital, Huntsville Hospital System, Keller, news, Pendleton, Robert Palmer, Spillers, TimesDaily | Leave a Comment »
Posted by Warm Southern Breeze on Wednesday, June 13, 2012
Who’s the Biggest Spender? Obama or Bush?
By BRUCE BARTLETT, The Fiscal Times June 1, 2012
Lately, there has been some controversy about the growth of spending under Barack Obama. It began on May 22 with a column by Rex Nutting of MarketWatch, which concluded that the rate of growth of federal spending under Obama has actually been trivial compared to the last 4 presidents.
According to Nutting’s calculations, spending has grown only 1.4 percent per year under Obama – one-fifth the rate under Ronald Reagan and George W. Bush. Following is a chart accompanying the article.
There has been a considerable amount of debate about Nutting’s calculations, which fly in the face of Republican dogma. Much involves technical accounting issues, such as how to allocate spending during fiscal year 2009. This is important because fiscal year 2009 began on September 1, 2008 during Bush’s administration, reflecting his priorities. By the time Obama took office on January 20, 2009 the fiscal year was almost half over; he didn’t submit his first budget until February 26, 2009 and the fiscal year 2010 budget is really the first one that reflected his priorities.
Nutting assigned the bulk of fiscal year 2009 spending to Bush, an assumption that other analysts have questioned. Glenn Kessler of the Washington Post found that Nutting overstated his argument in various ways. But the PoliFact site of the Tampa Bay Times concluded that the Nutting column was essentially correct.
Aside from the political implications, the reason this debate is important is because there is a tendency for people to conflate spending, deficits and debt, as well as confusing rates of change with absolute levels.
The difference between Read the rest of this entry »
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Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: Barack Obama, BarackObama, Bill Clinton, BRUCE BARTLETT, Bush I, Bush II, business, CBO, Clinton, Congressional Budget Office, economy, entrepreneurship, facts, federal, figures, GAO, George W. Bush, Government Accountability Office, Gross domestic product, hypocrisy, jobs, Marketwatch, money, news, Obama, Reagan, Ronald Reagan, statistics | 6 Comments »
Posted by Warm Southern Breeze on Friday, May 25, 2012
Wasn’t it on Dragnet, that character Sergeant Joe Friday made famous this line: “Just the facts, Ma’am.”
And then, there’s Reagan, who TRIPLED our national debt, and Bush II whose Iraq War, Wall Street deregulation gave us TARP, and more…
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Who Is The Smallest Government Spender Since Eisenhower? Would You Believe It’s Barack Obama?
5/24/2012 @ 6:33PM |22,212 views
It’s enough to make even the most ardent Obama cynic scratch his head in confusion.
Amidst all the cries of Barack Obama being the most prolific big government spender the nation has ever suffered, Marketwatch is reporting that our president has actually been tighter with a buck than any United States president since Dwight D. Eisenhower.
Who knew?
Check out the chart –

Presidential Spending Reagan-Obama
So, how have the Republicans managed to pursuade Americans to buy into the whole “Obama as big spender” narrative?
It might have something to do with the first year of the Obama presidency where the federal budget increased a whopping 17.9% —going from $2.98 trillion to $3.52 trillion. I’ll bet you think that this is the result of the Obama sponsored stimulus plan that is so frequently vilified by the conservatives…but you would be wrong.
The first year of any incoming president term is saddled—for better or for worse—with the budget set by the president whom immediately precedes the new occupant of the White House. Indeed, not only was the 2009 budget the property of George W. Bush—and passed by the 2008 Congress—it was in effect four months before Barack Obama took the oath of office.
Accordingly, the first budget that can be blamed on our current president began in Read the rest of this entry »
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Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: Barack Obama, budget, Congressional Budget Office, deficit, Democrats, Dwight D. Eisenhower, federal, George W. Bush, Heritage Foundation, Jay Carney, Marketwatch, Mitt Romney, news, Obama, politics, president, Republicans, Ronald Reagan, United States | Leave a Comment »
Posted by Warm Southern Breeze on Thursday, April 19, 2012
While not totally bright, the CBO report is not totally grim, either.
Here’s why.
The method by which unemployment figures are calculated does NOT take into account people whom have STOPPED looking for work. Many – if not most – of those people would accept work, were suitable work offered to them. They have stopped looking for work for many reasons, not the least of which is that they have become despondent from their unfruitful job search.
Now, when the unemployment rate begins to rise again, we will actually see an INCREASE in the rate.
Why?
Because many of the people whom had previously stopped looking for work, will again resume their job search. Thus, they will be counted among the unemployed, whereas previously, they were not counted among the unemployed.
How does the methodology of counting the unemployed relate to this report about rising participation in the Supplemental Nutrition Assistance Program?
In many cases, the rates of unemployment, in conjunction with the expiration of unemployment compensation benefits, correlates strongly with want and poverty.
Thus, if the CBO says the rates will grow, we can make a reasonable estimate that the strength of economic recovery will have taken hold, and be in full swing.
As an observation aside, examine the larger infographic, and look at the states with the highest rates of SNAP utilization. Most of them are in the Southeast: Alabama, Arkansas, Georgia, Kentucky, Louisiana, Mississippi, South Carolina, Tennessee, West Virginia. Those states were formerly Democratic strongholds, and have now swung strongly toward Republican politics. Three other states – Maine, Michigan, and Oregon – also have SNAP utilization rates above 18% of their population.
What would happen politically if Republicans were allowed to eliminate the SNAP program?
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Food Stamp Rolls to Grow Through 2014, CBO Says
- April 19, 2012, 1:58 PM ET
The Congressional Budget Office said Thursday that 45 million people in 2011 received Supplemental Nutrition Assistance Program benefits, a 70% increase from 2007. It said the number of people receiving the benefits, commonly known as food stamps, would continue growing until 2014.

SNAP infographic - Click for much LARGER image.
Spending for the program, not including administrative costs, rose to Read the rest of this entry »
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Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: American Recovery and Reinvestment Act of 2009, Arkansas, assistance, CBO, Congressional Budget Office, economy, Electronic Benefit Transfer, food, GOP, help, jobs, Kentucky, Louisiana, Maine, news, poverty, Republican Party (United States), Republicans, SNAP, South Carolina, Supplemental Nutrition Assistance Program, unemployment, United State, United States, United States Department of Agriculture, United States House Committee on Agriculture, West Virginia | Leave a Comment »
Posted by Warm Southern Breeze on Saturday, February 25, 2012
First, they whine about no “shovel-ready” bills.
Now, they have one.
And what do they do?
Is it time to get those klowns out of office, or is it time to get those clowns out of office?
Boehner could scale back highway bill amid Republican opposition
By Russell Berman – 02/23/12 05:53 PM ET
House Speaker John Boehner (R-Ohio) might significantly scale back his signature transportation bill in the face of opposition from conservative and centrist members of his own party.
Boehner spokesman Michael Steel said Thursday that GOP leaders were mulling “a revamped approach” that would shorten the length of the highway reauthorization bill from five years and scrap a proposal to remove transit funding from the highway trust fund.
The move would be seen as a dramatic retreat for the Speaker, who has trumpeted the $260 billion legislation as a jobs priority but was forced to postpone floor consideration last week amid resistance from Republicans and complete opposition from Democrats. A central element of Boehner’s proposal would, for the first time, use royalties from an expansion of domestic energy production to finance infrastructure improvements. Yet critics of the bill pointed out that Read the rest of this entry »
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Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: Congressional Budget Office, Democratic Party (United States), GOP, John Boehner, John Mica, Michael Steel, Nick Rahall, Republican, United States House Committee on Transportation and Infrastructure | 2 Comments »
Posted by Warm Southern Breeze on Sunday, October 30, 2011
The report by the Congressional Budget Office is based upon data provided by the Internal Revenue Service and the Census Bureau, and was requested several years ago. The official report may be downloaded from the CBO via the link provided in the story in the first sentence of the first paragraph in the words “new report.”
It is my opinion that Republicans – which party has been hijacked by the radical element commonly known as the “TEA Party” – are Hell-bent on destroying this nation by eliminating – bit by bit, piece by piece – every vestige of rule, regulation and protective service that benefits the American people.
Their ideology is “tear down,” rather than “repair, rebuild.” It’s like tearing down the house just to replace the toilet.
Their political philosophy is disguised as “small government, less regulation” which on it’s face, sounds nice – which is almost like asking “if you could satisfy your hunger by eating Read the rest of this entry »
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Posted in - Uncategorized | Tagged: Barack Obama, Bureau of Land Management, Capital gain, CBO, Census Bureau, Congress, Congressional Budget Office, Flat tax, Household income in the United States, inequality, Internal Revenue Service, John Boehner, Lew Rockwell, Max Baucus, Paris Hilton, politics, Republicans, Sander M. Levin, Social Security, tax, United State, United States, United States Congress, United States House Committee on Ways and Means, White House, World War II | 2 Comments »