Monday night, House Speaker John Boehner took to the airwaves to taught his deficit reduction plan. Of course the left didn’t like this plan, but they aren’t alone: The debt ceiling deal introduced by Speaker John Boehner (R-Ohio) would save, by one measure, roughly $850 billion over the course of ten years and just $1 […]
As Americans scramble today to file their taxes, the GOP is looking for more ways to make that burden even higher on average Americans. Take Tea Party darling and habitual liar Scott Walker, Governor of Wisconsin. Taking a page from the elder Bush’s campaign, he vowed to never increase taxes. Of course that pledge only […]
A new report out by the CBO finds that the stimulus most likely saved this country: President Obama’s much-maligned economic stimulus package added as many as 3.3 million jobs to the economy during the second quarter of this year, and may have prevented the nation from lapsing back into recession, according to a report released […]
Following up on my earlier post about the Republicans not worrying about the deficit if it helps the rich, I decided to post this little graph. It really puts a perspective on the current budget deficit and who is ultimatley responsible for it. Fareed Zakaria, writing an article entitled “Raise My Taxes, Mr. President!” in […]
Bob Herbert has a great piece today tearing about one of the problems I have with the health care bill – the Cadillac tax. First off is Bob’s explanation of the system: The tax would kick in on plans exceeding $23,000 annually for family coverage and $8,500 for individuals, starting in 2013. In the first […]
This will be big fuel for the GOP: The Congressional Budget Office (CBO) corrected its estimate of the Senate health bill’s costs on Sunday, saying it would reduce deficits slightly less than they’d predicted. In a letter to Senate Majority Leader Harry Reid (D-Nev.), CBO Director Douglas Elmendorf said that the nonpartisan budget office had […]
In 2004 they supported it: When they were members of Congress, President Obama and Chief of Staff Rahm Emanuel strongly backed measures to legalize the importation of cheaper prescription drugs from Canada and other nations. On Tuesday, the Obama administration–siding with the drug industry–thwarted a bid by a bipartisan group of Senators to add the […]
And the hits just keep on coming: The Senate rejected a plan Tuesday to allow Americans to import low-cost prescriptions from abroad, handing drug makers a victory that may help secure passage of President Barack Obama’s health care overhaul. The vote on the amendment by Sen. Byron Dorgan, D-N.D., was 51-48 in favor, but 60 […]
Health care reform is being totally screwed up by the party that has pushed for it for years – the Democrats. Here’s two very interesting stories that go along with the cost containment issues I have been talking about this week. First up we have some Democrats, along with the White House and Pharma working […]
Not very according to the CBO: The Congressional Budget Office said on Wednesday that an alternative health care bill put forward by House Republicans would have little impact in extending health benefits to the roughly 30 million uninsured Americans, but would reduce average insurance premium costs for people who have coverage. The Republican bill, which […]