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Obamacare Allows Workers To Tell Bosses To Shove Off; Conservatives Are Angry.

Roy Edroso of the Village Voice has a round-up of all the ugly and frequently dishonest right wing attacks on Obamacare after the Congressional Budget Office released a report showing that Americans would reduce their work hours by enough to equal 2.3 million full-time jobs because of it. After it…

Congressional Budget Office forecasts economic growth and deficit reduction

The United States is expected to post solid economic growth of more than 3.0 percent through 2016, accompanied by a shrinking deficit, a government agency said Tuesday. The Congressional Budget Office, the nonpartisan analysis arm of Congress, said in its latest report that the federal government’s tax and spending policies…

Falling U.S. deficit renews ‘austerity or growth?’ debate

Austerity or growth? Europe’s struggling economies have faced the question without fully answering it in recent years, but the United States is on track to do both. Projections unveiled this week by the Congressional Budget Office indicate the US deficit will shrink more than 40 percent during fiscal 2013, returning…

Gingrich labels Congressional Budget Office a ‘reactionary socialist institution’

Republican presidential candidate and former House Speaker Newt Gingrich used an unusual oxymoron to blast the Congressional Budget Office (CBO) in New Hampshire on Monday. Gingrich previously said if president he would abolish the CBO, a federal agency that provides independent economic data to Congress, because it found that health…

GOP Sen. claims equal rights are just too expensive

Why shouldn’t same sex couples have equal rights? According to Sen. John Cornyn (R-TX), it’s because equality is just too expensive. “Repealing the Defense of Marriage Act (DOMA) would actually result in an expansion of federal benefits and spending at a time when we know that federal spending is way…

Study: Top 1 percent in U.S. saw incomes rise 275 percent in just 28 years

The top 1 percent of earners in the United States saw their average household incomes grow a whopping 279 percent from 1979 to 2007, according to a Congressional Budget Office (CBO) study (PDF) published this week. For the lowest earners, what the CBO described as the poorest fifth of America,…

Obama administration pulls part of healthcare law

WASHINGTON (Reuters) – The Obama administration is pulling the plug on a long-term, home-care program included in the 2010 healthcare reform law that Republicans have derided as a budget trick. U.S. health officials said on Friday that after 19 months of analysis, they could not come up with a model…

White House threatens to veto intelligence bill

President Barack Obama’s administration threatened to veto the renewal of the Intelligence Authorization Act for the fiscal year of 2012, unless changes are made to protect diplomatic communications and ensure a speedy confirmation of the director of the National Security Agency. The bill, H.R.1892, is estimated by the Congressional Budget…

Billions meant for struggling homeowners may pay down deficit instead

With housing prices dropping sharply, and foreclosure filings against more than 1 million properties in the first half of this year, the Obama administration is scrambling for ways to help homeowners. One place they won’t be looking: an estimated $30 billion from the bailout that was slated to help homeowners…

Sanders: Strengthen Social Security by taxing large incomes

A forthcoming bill to be proposed by Sen. Bernie Sanders (I-VT), the only Democratic Socialist in the U.S. Senate, would make incomes above $250,000-a-year subject to the payroll tax, a move he says will make the nation’s most beloved social safety net program, Social Security, significantly stronger. The current payroll…

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