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congressional budget office: Page 1

Discussed in (click each link for the full post):

CBO: Senate immigration bill means lower wages for millions of American for over a decade (S744, budget deficit) - 06/19/13

The Congressional Budget Office recently released a report containing economic projections for the Senate amnesty bill S.744 (cbo . gov/publication/44346). Much has been made of the report's claim that the amnesty bill would reduce the deficit by $20 billion per year over the next ten years and $70 billion per year in the ten years after that (both are small amounts relative to the deficits in...

CBO: foreign-born percentage highest in 90 years; 25% non-citizens in poverty; 38% foreign born from Latin America; fewer women work than native-born - 06/15/11

The Congressional Budget Office has released "A Description of the Immigrant Population" (PDF link, cached), showing, among many other things, that the percentage of foreign-born people living in the U.S. is now at its highest since 1920; see the chart attached below. Per the CBO, as of 2009 there were about 39 million foreign-born people living in the U.S.; of that number, 17 million were...

CBO estimate: anti-American DREAM Act would reduce deficit $140 million a year (i.e., by 0.001%) - 12/02/10

... $13,840,173,213,129 [1]. Per a new Congressional Budget Office estimate, the anti-American DREAM Act would reduce that by around $140,000,000 per year over the next ten years. Over that ten years, per the CBO, the DREAM Act would reduce the deficit by 0.01% from its current value, a miniscule amount. You can download the estimate from here, and note that they assume that those who'd be covered...

Immigration Policy Center absurd study claims immigration "reform" would help economy - 04/14/09

... inside the U.S. They note that the Congressional Budget Office estimated that the "Comprehensive Immigration Reform Act of 2006 would have generated $66 billion in new revenue during 2007-2016 from income and payroll taxes, as well as various administrative fees." Now, divide that by 10 years, and then divide that by a very generous low estimate of 100 million U.S. households. That means that...

CBO evaluates healthcare plans; uninsured could reach 54 million by 2019; watch for liars - 02/25/09

Earlier today, Congressional Budget Office director Douglas Elmendorf testified to the Senate Finance Committee about various healthcare proposals, and his remarks are here ("Options for Expanding Health Insurance Coverage and Controlling Costs"). Evaluating the various claims is left for those more familiar with these issues, however one issue in our purview is this:

CBO: SAVE Act would have cost $40 billion over 10 years, incl. $30 billion for e-Verify (Tim Sparapani/ACLU lies) - 02/15/09

On April 4, 2008, the Congressional Budget Office - responding to a request from Rep. John Conyers - estimated the cost of H.R. 4088, the Secure America Through Verification and Enforcement Act of 2007 or SAVE Act. The bill didn't pass, but it shows that the outlay for eVerify would be about $12 billion over ten years. e-Verify would also result in the federal government losing about $17 billion...

Stimulus cost: $3.27 trillion over 10 years if Democratic programs allowed to continue - 02/12/09

Rep. Paul Ryan asked the Congressional Budget Office to estimate how much the stimulus plan would cost if increased funding for the twenty most Democratic Party-friendly provisions in the bill are made permanent. The cost: $2.527 trillion over ten years in spending, coupled with $744 billion for interest with a grand total of $3.27 trillion (link). When the time comes expect the Dems to fully...

CBO: predicts "slow recovery in 2010", non-disastrous recession *without a stimulus* - 02/09/09

... Sunshine, Acting Director of the Congressional Budget Office, offered "The Budget and Economic Outlook: Fiscal Years 2009 to 2019" (PDF link, via this) in testimony before Congress. While the situation described sounds bleak, it's far from disastrous. In fact, they suggest that - without having to enact a stimulus - we'd have a "slow recovery in 2010". So, while we'd go through some pain for a...

CBO: stimulus bill will *reduce* GDP over the next decade, do more harm than good - 02/05/09

... to do nothing, the nonpartisan Congressional Budget Office said Wednesday. CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done...

Interest cost on stimulus bill: $347 billion over 10 years - 01/27/09

Rep. Paul Ryan (R-WI) asked the Congressional Budget Office to estimate just the debt service on the stimulus plan (H.R. 1), i.e., how much it would cost in interest. You can download the PDF with the reply at reason.com/blog/show/131301.html; the important part of it is below as well as Boehner calling it a "trillion dollar spending bill":

Truth Fights Back, just not too well (John Kerry on anti-Obama smears) - 08/14/08

... meeting this huge problem. The Congressional Budget Office estimated that "implementing S. 2433 would cost less than $1 million per year." It would, therefore, take 8,450 years for the Global Poverty Act to spend the money the RNC claims it would spend. The DNC (draft) position is to support those MDGs, and Obama wants to meet those goals as well. That is going to require an outlay of billions...