The report shows exactly why needs to end.

The top 1% holds 1/3 of the nations wealth while the bottom 50% holds....get ready for it.... 2%!

"As of 2019, the richest 10 percent of families held an astonishing 72 percent of this wealth, while those in the top 1 percent held more than one-third."

We are living in an oligarchy.

jacobin.com/2022/10/bernie-san.

#cbo #capitalism

Last updated 1 year ago

Political IQ · @PoliticalIQ
145 followers · 1306 posts · Server newsie.social
John Refior · @jrefior
273 followers · 2027 posts · Server hachyderm.io

If the is right, may have tricked a little

"An estimate from the nonpartisan Congressional Budget Office released late Tuesday said that while the new work requirements in would save money, the added benefits pushed by Democrats would cost more—and add almost 80,000 people to the rolls in an average month

"Under the bill, veterans, homeless people and young people aging out of foster care would be exempted"
apnews.com/article/debt-bill-d
--

#cbo #biden #mccarthy #snap #workrequirements #debtceiling

Last updated 2 years ago

Still Wakes Up Angry · @dschmidthawk
124 followers · 4303 posts · Server noc.social

@GottaLaff
That we have to negotiate helping fellow citizens says so much about humans.

#cbo #debtlimit #snap

Last updated 2 years ago

beSpacific · @bespacific
842 followers · 1576 posts · Server newsie.social

Sees Greater That Will Run Out of in Early June - Because tax receipts through April have been less than the anticipated in February, we now estimate that there is a significantly greater risk that the Treasury will run out of funds in early June. We are providing this information in response to questions from lawmakers about our projections of revenues for the current year and the implications for the . cbo.gov/publication/59119?stre

#cbo #risk #treasury #funds #congressionalbudgetoffice #debtceiling

Last updated 2 years ago

Steve Randy Waldman · @interfluidity
1673 followers · 1554 posts · Server fosstodon.org

"the 'hard numbers' found in CBO’s baseline tables conceal all the assumptions and uncertainties involved in producing them." prospect.org/economy/2023-04-0

#philiprocco #cbo #viarss

Last updated 2 years ago

Cory Doctorow's linkblog · @pluralistic
40062 followers · 37776 posts · Server mamot.fr

When the bill was first mooted, it included a promise of universal, federally funded childcare. This was excised from the final language of the bill (renamed the ), because the said it would cost too much: $381.5b over ten years.

4/

#buildbackbetter #bipartisaninfrastructurebill #cbo

Last updated 2 years ago

ChrisAdamsEcon :betahat: · @chrisadamsecon
903 followers · 3498 posts · Server econtwitter.net
acemaxx · @acemaxxanalytics
119 followers · 655 posts · Server econtwitter.net

also expects that net interest will account for 11% of by 2027, up from 7% in 2022, chart @WSJecon cutt.ly/33ASkbR

#cbo #spending

Last updated 2 years ago

Political IQ · @PoliticalIQ
68 followers · 443 posts · Server newsie.social
Poetry News · @haikubot
557 followers · 3740 posts · Server mastodon.cloud

Tax receipts too low to mention
Could put us in a budget tension
Default in sight, looming like a ghost
And mid-summer's debt not yet the most

nytimes.com/2023/02/15/us/poli

#debtlimit #budget #default #cbo #poetry

Last updated 2 years ago

ChrisAdamsEcon :betahat: · @chrisadamsecon
863 followers · 3014 posts · Server econtwitter.net
zeruch · @zeruch
274 followers · 3340 posts · Server mastodon.social

Because the is the perfect, malign conjoinment of bungling ineptitude with torpid mendacity:

"The Budget Office () estimated Monday that the would eliminate about $71 billion of the total $80 billion that was allocated for the but would reduce revenue by about $186 billion, translating to a $114 billion increase in deficits over the next decade."

Nimrodic dolts.

thehill.com/homenews/house/380

#gop #congressional #cbo #legislation #irs #tax

Last updated 2 years ago

Sue Stone · @knittingknots
784 followers · 8313 posts · Server mastodon.social

#cbo #house_gop #irs

Last updated 2 years ago

Studio Rover · @studiorover
0 followers · 2 posts · Server pnw.zone
Katherine Pickett, Editor · @KPED
55 followers · 62 posts · Server urbanists.social

Cool out of the US today about CO2 emissions from electric power generation. Overall this is good news!

cbo.gov/system/files/2022-12/5

#report #cbo #energy #electric #greenhousegas

Last updated 2 years ago

Claudia Totzeck · @ctotzeck
12 followers · 3 posts · Server mathstodon.xyz

on a multi-swarm approach for multi-objective optimization out now! Scheme is based on Consensus-based optimization / sampling See arxiv.org/abs/2211.15737

#multiobjectiveoptimization #cbo #preprint

Last updated 2 years ago

PAdeus · @PAdeus
16 followers · 65 posts · Server nerdculture.de
CHAUNCEY I. BROWN III · @nytalkradiohost
75 followers · 1127 posts · Server masthead.social

#revenues #tax #audits #irs #cbo

Last updated 2 years ago

CHAUNCEY I. BROWN III · @nytalkradiohost
75 followers · 1127 posts · Server masthead.social