The #CBO report shows exactly why #capitalism 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.
Senate Votes to Overturn Student Loan Forgiveness Plan; Biden Promises Veto https://politicaliq.com/2023/06/01/senate-votes-to-overturn-student-loan-forgiveness-plan-biden-promises-veto/ #Senate #StudentDebt #StudentLoans #Biden #Veto #Congress #DepartmentofEducation #CBO #politicaliq #news #politics
#senate #StudentDebt #studentloans #biden #veto #congress #departmentofeducation #cbo #politicaliq #News #politics
If the #CBO is right, #Biden may have tricked #McCarthy a little
"An estimate from the nonpartisan Congressional Budget Office released late Tuesday said that while the new work requirements in #SNAP 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"
https://apnews.com/article/debt-bill-default-work-requirements-food-stamps-a42064f794b4466903ca06ca140b9013
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#WorkRequirements #DebtCeiling
#cbo #biden #mccarthy #snap #workrequirements #debtceiling
@GottaLaff
That we have to negotiate helping fellow citizens says so much about humans.
#CBO Sees Greater #Risk That #Treasury Will Run Out of #Funds in Early June - Because tax receipts through April have been less than the #CongressionalBudgetOffice 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 #debtceiling. https://www.cbo.gov/publication/59119?stream=top
#cbo #risk #treasury #funds #congressionalbudgetoffice #debtceiling
"the 'hard numbers' found in CBO’s baseline tables conceal all the assumptions and uncertainties involved in producing them." #PhilipRocco https://prospect.org/economy/2023-04-06-congress-prisoners-of-their-own-device/
When the #BuildBackBetter 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 #BipartisanInfrastructureBill), because the #CBO said it would cost too much: $381.5b over ten years.
4/
#buildbackbetter #bipartisaninfrastructurebill #cbo
My colleagues at #CBO in WaPo https://www.washingtonpost.com/business/2023/03/29/more-federal-internships/
#CBO also expects that net interest will account for 11% of #spending by 2027, up from 7% in 2022, chart @WSJecon https://cutt.ly/33ASkbR
#CBO: U.S. Could Default on #Debt Between July & September https://politicaliq.com/2023/02/15/cbo-u-s-could-default-on-debt-between-july-september/ #DebtLimit #DebtCrisis #CongressionalBudgetOffice #politicaliq #news #politics
#cbo #debt #debtlimit #debtcrisis #congressionalbudgetoffice #politicaliq #News #politics
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
#debtlimit #budget #default #cbo #poetry
https://www.nytimes.com/2023/02/15/us/politics/default-debt-limit-cbo-report.html
#debtlimit #budget #default #cbo #poetry
Do you want to be my boss? https://phg.tbe.taleo.net/phg03/ats/careers/requisition.jsp?org=CONGRESSIONALBUDGET&cws=1&rid=609 #econjobmarket #CBO
Because the #GOP is the perfect, malign conjoinment of bungling ineptitude with torpid mendacity:
"The #Congressional Budget Office (#CBO) estimated Monday that the #legislation would eliminate about $71 billion of the total $80 billion that was allocated for the #IRS but would reduce #tax revenue by about $186 billion, translating to a $114 billion increase in deficits over the next decade."
Nimrodic dolts.
#gop #congressional #cbo #legislation #irs #tax
CBO: GOP’s IRS bill will add $114B to deficit | The Hill
https://thehill.com/homenews/house/3805913-cbo-gops-irs-bill-will-add-114b-to-deficit/
Sharing some #medium content from the last few years to warm up this feed. https://medium.com/digital-x-brand/https-medium-com-digital-x-brand-designing-for-safe-8a6c64a487a9 #design #branding #branddesign #graphicdesign #agency #marketing #cmo #cbo
#medium #design #branding #branddesign #graphicdesign #agency #marketing #cmo #cbo
Cool #report out of the US #CBO today about CO2 emissions from electric power generation. Overall this is good news!
https://www.cbo.gov/system/files/2022-12/58419-co2-emissions-elec-power.pdf
#report #cbo #energy #electric #greenhousegas
#preprint on a multi-swarm approach for multi-objective optimization out now! Scheme is based on Consensus-based optimization / sampling #CBO #MultiobjectiveOptimization See http://arxiv.org/abs/2211.15737
#multiobjectiveoptimization #cbo #preprint
Kleines Gedankenspiel zu
Trauer in und um Unternehmen
#CBO: Yes, #Americans Making Under $400K Will Get #Audited By The #IRS. https://chaunceyibrowniii.com/chaunceys-blog/f/cbo-yes-americans-making-under-400k-will-get-audited-by-the-irs