CBO shows Democrats' plan to extend unemployment benefits would hinder economic comeback

Editors, Washington Examiner

It was one thing to deploy enhanced unemployment benefits for a limited time to help complement public health policy. It’s another thing entirely to create an enduring entitlement. The Bureau of Labor Statistics shocked everybody by reporting that 2.5 million jobs were created in May and the unemployment rate actually declined by 1.4 percentage points, which it said "reflected a limited resumption of economic activity." If that's what a limited resumption could do, it suggests a broader reopening could lead to an even more rapid economic comeback. That will be impossible if Congress unwisely extends enhanced unemployment.

A trillion-dollar blunder

Stephen Moore, Washington Times

Mr. Trump’s tax cut in only 9 months old so it is too early to say it is paying for itself. But already well over half the projected cost has evaporated because of higher growth. If we stay on this 3 percent to 4 percent path for another couple of years, the flood of added revenues will mean smaller deficits and much smaller debt levels relative to GDP. What makes this all the more remarkable is that most Democrats are running for Congress this year promising to repeal or rollback the Trump tax cut even though it has helped get us to 4 percent growth in a mere 18 months.

Trump, New York’s Wollman Rink and the Congressional Budget Office

Newt Gingrich, Fox News

It is impossible for the current CBO to come anywhere close to an honest, accurate score of a red tape cutting, entrepreneurially hard charging system. Recognizing the importance of the Wollman Rink example and insisting on replacing the Congressional Budget Office would be a bold step in the right direction for Congressional Republicans.

10 Times MORE Workers Than 1st Estimated Will Lose Insurance Under OCare

Rick Moran, American Thinker

The CBO shows that 10 million Americans are likely to lose their employer-based insurance by 2021 as companies dump their workers onto OCare exchanges. That's 10 times the number originally projected by the CBO (1 of every 16).

Congress Fakes Frugality While Uncle Sam Bankrupts America

Mulcting is a word you don't see very often. Read on to learn a new word that perfectly expresses what is going on in the Paul Ryan-John Boehner-Eric Cantor budget betrayal.

Call Your Congressman: Senate Immigration Bill A Failure Says CBO

Despite the failure of S. 744 to actually accomplish, at best, half its purported goal – millions of illegal aliens will get amnesty if S. 744, or anything like it, were to pass the House and be signed into law by President Obama.  Between now and July 10, call your Congressman’s office (Capitol switchboard is 1-866-220-0044) and tell them to OPPOSE bringing S. 744, the Obama – Rubio immigration amnesty bill, to the House floor. Tell them you want border security, not amnesty for illegal aliens.

CBO Clueless on Amnesty’s Costs

Daniel Horowitz, Red State

The government’s claim that amnesty will reduce the deficit requires suspension of disbelief.