Goldman Sachs expressed its concern over the matter of the continuing huge budget overruns the United States Government amasses every year. CNBC reported that Jan Hatzius the chief economist at Goldman, predicted the annual budget deficit rising to over $2 TRILLION by 2018, an amount that is projected to be about seven percent of the Gross Domestic Product (GDP) for that year.
He further noted:
Back in the 1980s, the decade that saw researchers start detailing America’s increasing concentration of income and wealth, flacks for the emerging Reagan economic order disdainfully dismissed the significance of the alarming new data.
Nancy Ohanian's Speaker PaulThursday, Paul Ryan told reporters that the CBO analysis of Trumpcare is "bogus" and thereby bolstered the Trump Regime's relentless campaign to undermine and destroy American institutional norms.Congress created the CBO in 1974 in legislation then signed by President Nixon, although the legislation stemmed from a dispute between Congress and Nixon over whether Congress would maintain the po
House Speaker Paul Ryan speaks during a news conference at the Republican National Committee Headquarters on Capitol Hill in Washington, March 8, 2017. (AP/J. Scott Applewhite)
WASHINGTON – The Republican plan to repeal most of the Affordable Care Act without a ready replacement would leave 32 million more people uninsured by 2026 than under current law, the nonpartisan Congressional Budget Office said on Wednesday.
(ZHE) After a stunning healthcare defeat last week, delivered at the hands of his own party no less, Trump took to twitter to predict the imminent ‘explosion’ of Obamacare.
ObamaCare will explode and we will all get together and piece together a great healthcare plan for THE PEOPLE. Do not worry!
— Donald J. Trump (@realDonaldTrump) March 25, 2017
Here's the whole CBO report on Ryan's Trumpcare proposal. The way Ryan, Pence and Price wrote the bill, 14 million people would lose their health insurance immediately and then coverage would be reduced by 21 million in 2020 and down by 24 million in 2026.
Health and Human Services Secretary Tom Price speaks outside the West Wing of the White House in Washington, Monday, March 13, 2017, after Congress’ nonpartisan budget analysts reported that millions people would lose coverage next year under the House bill dismantling former President Barack Obama’s health care law. (AP/Andrew Harnik)
The devolution of the Republican PartyI tend to think of the worst of the Blue Dog "Democrats"-- like Kyrsten Sinema (AZ), Dan Lipinski (IL) and Colin Peterson (MN)-- along with shameless careerists like Gwen Graham (FL), Patrick Murphy (FL) and Ann Kuster (NH)-- as less than worthless. They routinely sell out basic core Democratic values and the interests of working families for their own personal ambitions and calculations.
The wealthy have never allowed the idea of democracy-- stuff like majority rule-- stand in the way of their greed and power. There were times when politicians have been brave enough to stand up to them-- but not since FDR, at least not on a presidential level.
Dana!Rohrbacher used to be... a surfer, a folk singer, a pot head, a homo, Congress' #1 supporter of the Taliban and a terrorist in Afghanistan (or at least someone who dressed up as a terrorist for a photo shoot).
