Word: cbo
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Dates: during 2000-2009
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...says. Bilmes collaborated with Nobel prize-winning economist Joseph E. Stiglitz of Columbia University to calculate the mind-boggling quantity. They presented their findings at a conference in Boston this past January.Bilmes and Stiglitz say their estimate is four times the projections from the Congressional Budget Office (CBO). But that CBO sum only takes into account the direct costs of waging the war, according to Bilmes’ paper, and it does not include the money the government must spend to replace worn military equipment or care for disabled veterans. A CBO spokeswoman declined to comment on the matter.As well...
...Bush himself has a huge credibility problem. The $236 billion Clinton surplus of 2000 has become a $400 billion annual deficit. Setting aside Social Security, about a quarter of what the government has spent since Bush became President has been borrowed. And estimates from the nonpartisan Congressional Budget Office (CBO) show that if his tax cuts are made permanent--as he is advocating--deficits will persist for at least 10 years...
...CBO estimates the increased discount on generics would save another $300 million, but outside experts such as Stephen Schondelmeyer, a professor of pharmaceutical economics at the University of Minnesota, predicts it'll end up being "one of those penny wise, pound foolish decisions." That's because generic drug companies, which have far smaller profit margins than the brand-name firms, warn that the increased discount would squeeze them out of the Medicaid market, leaving the brand-name manufacturers-which can more easily absorb a rebate increase-to cash in when the federal program has to buy the higher priced drugs...
...postrevolutionary phase? When the G.O.P. troops start talking about mammograms. Whether or not Newt Gingrich is re-elected as Speaker, the movement he led is turning toward the sensitive center, borrowing from Clinton's family-friendly campaign playbook to prove that a G.O.P. that once fought accounting battles over CBO-VS.-OMB numbers really does have a heart...
Republicans were quick to pounce; House majority leader Tom DeLay accused Democrats of venting more "hateful rhetoric at President Bush than they ever did at Saddam Hussein." In fact, Kennedy's remarks may have been a case of frustration with the war overtaking the facts. While the CBO report does say it cannot account for how all the money being funneled into Iraq is being spent, it contains no reference to any unaccountable $1.5 billion. Nor is there any evidence that the funds are being used to lure foreign troops to Iraq. Asked on CNN whether he had proof...