Tennessee Senator Bill Hagerty (R) on Thursday night halted a move by Senate Majority Leader Chuck Schumer to expedite advancement of a $1.2 trillion infrastructure bill.
The spending package is not dead yet, but it will not have the accelerated path to passage it would have enjoyed had all 100 senators consented to quickly moving through over a dozen amendment votes Thursday evening and sending the bill to the House of Representatives. Read More
The Congressional Budget Office estimated Thursday that the bipartisan Senate infrastructure bill will add $256 billion to the deficit over the next decade, undercutting its backers’ claims the spending had been offset.
In FY2020, the deficit hit a record $3.1 trillion. So far in FY2021, the deficit is $2.2 trillion. The national debt is climbing to $29 trillion for the first time in U.S. history. Read More
At 2:00 AM on Saturday, February 27, Democrats in the U.S. House of Representatives voted to pass a “COVID relief and economic support“ bill at a cost to taxpayers of $1.9 trillion. The next Saturday, Senate Democrats passed a very similar bill, and President Biden stated he will sign it. This will be the sixth “COVID relief” law and swell the tab for such legislation to a total of $5.3 trillion. The combined cost of these laws to every household in the United States will be an average of $41,036. Read More
The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday.
The ocean of red ink is a product of the government’s massive spending to try to cushion the impact of a coronavirus-fueled recession that has cost millions of jobs. Read More
by Jarrett Stepman Democrats defeated Republicans in the Obamacare repeal fight by warning that 22 million Americans would be thrown off their health insurance. They pointed to data leaked from the Congressional Budget Office. Well, it turns out that data was completely wrong. According to a report by the… Read More
by Andrew Berryhill Government agencies and researchers produce endless reams of statistics. While statistics can be valuable, they can be easily misrepresented. A 2017 study on the use of statistics in news characterized the problem as such: “The constant supply of data produced by think tanks, government agencies, independent researchers, academics and… Read More
By CHQ Staff In its blind failure to recognize its dire peril, Capitol Hill’s Republican establishment is beginning to look a lot like the unfortunate souls at Jonestown who “drank the Kool-Aid” and committed mass suicide as the authorities closed in on the cult at its remote compound in… Read More
The Congressional Budget Office (CBO), supposedly a nonpartisan government agency that analyzes budget proposals and the economy, has been an aggressive critic of President Donald Trump’s agenda. On Thursday, the CBO released a report warning a move being weighed by the Trump administration would speed up the implosion of the… Read More
Within an hour of the ‘non-partisan’ Congressional Budget Office’s report showing, among other things, that over 22 million Americans would lose their insurance coverage over the next decade, President Trump issued the following statement: The CBO has consistently proven it cannot accurately predict how healthcare legislation will impact insurance… Read More