Tag: federal budget
The GOP’s Newfound Fiscal Responsibility
“This is about the Democrats don’t believe that deficits matter anymore. They’ve got control, so they’re going to spend as much money as they can.”
— Sen. John Kennedy (R-LA), suddenly concerned about deficits in an interview with The Hill.
Mulvaney Has an Epiphany
“I’ve come to the realization that Washington is not going to solve the debt problem, the deficit problem, through spending.”
— White House budget director Mick Mulvaney, quoted by Politico, explaining his change in position on federal budget deficits.
Repealing Obamacare Would Cost Government $137 Billion
What repealing the Affordable Care Act would cost the U.S. government over the next decade, according to a new CBO report. “The new report is the first federal assessment since the main provisions of the law took effect in 2014. It found that repealing the health-care law would increase deficits by $353 billion over 10 years. But after taking into account economic factors, including slightly larger workforce participation that would result from repealing the law, that amount would fall to $137 billion. … The analysis also concluded that repealing the health-care law would increase the number of uninsured Americans by 19 million in 2016.”
A Vote-a-Rama Drama
Today, the Senate’s engaged in its budget vote-a-rama,
A most clamorous scene of high crimes and low drama.
They vote on amendments
Not understanding their contents,
But it still ain’t a budget ’til it’s approved by Obama.