Archive of posts tagged Congressional Budget Office

Brainless “Gang of 8” May Have Given Phony Numbers to Congressional Budget Office in Immigration Fight

Brainless "Gang of 8" May Have Given Phony Numbers to Congressional Budget Office in Immigration Fight

Brainless “Gang of 8” May Have Given Phony Numbers to Congressional Budget Office in Immigration Fight

The Congressional Budget Office is a complete JOKE, and should be done away with!!

What is the point of having a Congressional Budget Office, which is always touted as non-partisan, when the CBO only crunches the numbers they are given?
What usually happens, and we have seen time and time again from the Obama administration, is that the party trying to ram through some bill gives the Congressional Budget Office phony numbers to crunch, so when the crunching is complete, the party gets the results they think will help make their case.

If you put phony numbers in, you will get phony results back out. It’s that simple – and the gaggle of corrupt politicians in Washington know how to work the system to get what they want.

Take, for example, the latest immigration fight, where Republicans have completely caved into the pressure the Democrats put on them, and are ready to hand the Democrats what they want. Amnesty for over 20 million illegal …

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CBO: Obama’s Gimmick-Filled Budget Adds $5.2 Trillion To Deficit

Obama Budget Adds $5.2 Trillion To Deficit

Obama Budget Adds $5.2 Trillion To Deficit

According to the Congressional Budget Office, Obama’s new gimmick-filled budget add $5.2 trillion to the federal deficit.

The real numbers are actually much higher than $5.2 trillion, and as usual the CBO will revise their numbers upwards, once they get more accurate information and not just relying on the phony numbers which the corrupt Obama administration provided.

With the IRS-Gate Scandal, Benghazi-Gate Scandal, and the AP-Gate Scandal, Obama has shown that he and his cronies cannot be trusted in any facet of running the government. Now that some of the media has started pulling their heads out of Obama’s ass, maybe we will soon start learning about all of the laws that the Obama administration have been breaking.

The Congressional Budget Office (CBO) says President Barack Obama’s 2014 budget would add $5.2 trillion in deficits over the next ten years and contains nearly $1 trillion in new taxes.

The Obama budget, which was delivered two months after the legally-required deadline, is larded with accounting gimmicks that count as savings war and disaster contingency

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Obama Lie: “We got back every dime” of Bailout Money – CBO Says $65 Billion Still Unpaid

Obama Lie: "We got back every dime" of Bailout Money - CBO Says $65 Billion Still Unpaid

Obama Lie: “We got back every dime” of Bailout Money – CBO Says $65 Billion Still Unpaid

We can expect more all-out lying from Obama for the rest of the campaign, and beyond if re-elected.

Obama claims that the United States “got back every dime we used to rescue the financial system”, but this is a lie, and the CBO tells a MUCH different story.

The non-partisan Congressional Budget Office says that over $65 billion still needs to be repaid, and that the government will end up losing about $24 billion on Obama’s failed bailout.

We would bet to say that at least 90% of what comes out of Obama’s mouth is a blatant and calculated lie.

President Barack Obama said on Thursday that “we got back every dime we used to rescue the financial system.”

According to the Congressional Budget Office, however, the government will lose about $24 billion on the bailout.

“We got back every dime we used to rescue the financial system, but we also passed a historic law to end taxpayer-funded Wall Street bailouts for good,”

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New CBO Estimates: Obamacare Will Cost Businesses Additional $4 Billion in Taxes

New CBO Estimates: Obamacare Will Cost Businesses Additional $4 Billion in Taxes

New CBO Estimates: Obamacare Will Cost Businesses Additional $4 Billion in Taxes

New CBO Estimates show that business owners will be forced to pay an additional $4 billion in taxes due to Obama’s socialized healthcare – a.k.a. Obamacare – a.k.a. the largest tax increase in US history.

We are now seeing the results of the initial phony numbers that the Obama and the Democrats gave to the CBO for scoring, knowing full-well that the numbers they gave the CBO were artificially lowered so the Obamacare would pass.

Business owners will pay $4 billion more in taxes under President Obama’s Affordable Care Act (ACA) than the Congressional Budget Office had previously expected.

“According to the updated estimates, the amount of deficit reduction from penalty payments and other effects on tax revenues under the ACA will be $5 billion more than previously estimated,” the CBO reported today. “That change primarily effects a $4 billion increase in collections from such payments by employers, a $1 billion increase in such payments by individuals, and an increase of less than $500 million in tax revenues

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CBO: Wealthy People Pay More than Their Fair Share of Taxes – Fair Tax Needed

Obama and the Democrat Culture of Corruption continue trying to rise taxes on job makers to try and make a dent in his out-of-control spending tab, and and say that wealthy people need to “pay their fair share”, when it is well known to people who care that the top 20% of wealthy people pay nearly 70 percent of the federal taxes our government takes in.

CBO: Wealthy People Pay More than Their Fair Share of Taxes - Fair Tax Needed

CBO: Wealthy People Pay More than Their Fair Share of Taxes – Fair Tax Needed

This is shocking! When tax burden is figured in, the top 1% of wage earners only were allowed to keep 11.5% of their income – the other 88.5% of their income was taken by the government as taxes.

CBO analysis shows that the Democrats have been lying to the American People about who pas their fair share of taxes, and reveals the truth is that wealthy people actually do pay far more than their fair share of taxes in the United States. We need a fair tax!

Wealthy Americans earn about 50 percent of all income but pay nearly

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Food Stamp Spending Up 100 Percent Since Obama Took Office – 80 Percent of Farm Bill Stolen to Fund Food Stamp Funds

Food Stamp Spending Up 100 Percent Since Obama Took Office - 80 percent of the Farm Bill goes to pay for food stamps, and only 20 percent actually helps farmers.

Food Stamp Spending Up 100 Percent Since Obama Took Office - 80 percent of the Farm Bill goes to pay for food stamps, and only 20 percent actually helps farmers.

This is not shocking to some of us who have been following the badly failed policies of the Obama administration, but we think that many people will be shocked to learn that, since Obama won the presidency, food stamp spending has gone up 100 percent!

Supplemental Nutrition Assistance Program (Food Stamp) funds come out of the Farm Bill, which is supposed to help farmers, yet 80 percent of the farm bill’s cost go to pay for food stamps! Next year alone, our government will spend $82 billion on food stamps, and it is estimated that we will spend an additional $770 billion on food stamps over the next ten years!

“Food stamp spending has more than quadrupled, four times, it’s increased fourfold since the year 2001. It has increased 100 percent since President Obama took office,” – Jeff Sessions

Why is the Farm Bill being used for social wealth redistribution, …

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Food Stamp Use Has Increased 70% Under Obama!

Thanks directly to the Obama administration’s failed policies, the number of people using food stamps has risen 70%!
If we stay on the path Obama has put our nation on, by 2022, 1 in 10 U.S. residents will rely on food stamps! That is unbelievable!

Unbelievable that is until you realize that Obama and the Democrats actually want people to rely on food stamps, because that makes them dependent on the US Government, thereby making further expansion of the government size and scope much easier.

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.

Spending for the program, not including administrative costs, rose to $72 billion in 2011, up from $30 billion four years earlier. The CBO projected that one in seven U.S. residents received food stamps last year.

In a report, the CBO said roughly two-thirds of jump in spending was tied to an increase in

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CBO Almost Doubles Obamacare Estimate – From $900 Billion to Now $1.76 Trillion! – Cover 4 Million Fewer People!

The Congressional Budget Office has now accurately scored Obama’s Socialized Healthcare Scam, and the results are not good for the American People!

Obamacare to cost more than double what Obama advertised

Obama and the Democrats definitely played with the numbers when putting together their socialized healthcare plan, which initially the CBO estimated would cost Americans $900 billion over 10 years, when instead, if Obama and the Democrats didn’t lie about the numbers they sent to the CBO, the real estimate would have been the $1.76 trillion that is now. Unfortunately, the CBO has to score the bill with the numbers that the Democrats gave them, which were a complete bogus lie by Obama and the Democrats!

On top of the huge additional costs that Obama and the Democrats hid from the American People, we are also learning that Obama’s Socialized Healthcare Scam will cover 4 million people fewer people than they initially said it would cover, when trying to ram the law down our throats.

We need to stop the Democrat Culture of Corruption, and reverse the damage that Obama …

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