The Corner

More Bad News from the CBO

The CBO just published a report on Obama’s budget which has mostly drawn attention for adjusting its estimate of the cost of Obamacare up to $1.76 trillion, almost twice the original $900 billion estimate. But there are several other significant findings, such as:

  • Spending would increase by $1 trillion over the next decade compared to the level established in the Budget Control Act. Net spending on interest will increase 13 percent anuually, tripling over the next decade.

  • The deficit in FY 2013 will be $1 trillion, $144 billion above current policy. Over the next decade, the federal government would incur deficits of $7.6 trillion.

  • The federal debt will balloon $10.4 trillion from last year, hitting $25.1 trillion in 2022.

The Senate Budget Committee has a quick summary here.

Most Popular

Culture

Courage: The Greatest of Virtues

EDITOR’S NOTE: The following is Jonah Goldberg’s weekly “news”letter, the G-File. Subscribe here to get the G-File delivered to your inbox on Fridays. Dear Reader (Or Listener), As the reporter assigned the job of writing the article about all of Sidney Blumenthal’s friends and supporters told his ... Read More
Immigration

My American Dream

This morning, at 8 a.m., I did something I’ve wanted to do for as long as I can remember: I became an American. I first applied for a visa in early 2011, and since then I have slowly worked my way through the system — first as a visa-holder, then as a permanent resident (green card), and, finally, as a ... Read More
U.S.

The Gun-Control Debate Could Break America

Last night, the nation witnessed what looked a lot like an extended version of the famous “two minutes hate” from George Orwell’s novel 1984. During a CNN town hall on gun control, a furious crowd of Americans jeered at two conservatives, Marco Rubio and Dana Loesch, who stood in defense of the Second ... Read More