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CBO Warns: U.S. Debt to Reach 141% GDP

The non-partisan Congressional Budget Office (CBO) warns this week that U.S. debt will hit 141 percent of GDP in the next 30 years as America taxes itself into poverty.

A sheet of freshly printed one dollar bills is ready for inspection at the Bureau of Engraving and Printing on March 24, 2015 in Washington, DC. The roots of The Bureau of Engraving and Printing can be traced back to 1862, when a single room was used in the basement …

Analysis: Long-Term Debt Crisis Is Even Worse Than CBO’s Dire Predictions

The Freedom Partners Institute, a right-leaning nonprofit organization, argues the CBO’s projections “fail to take the complete economic forecast into account” by not including intra-governmental debt, that is, money owed to trust funds like Social Security and Medicare.

The National Debt Clock, a billboard-size digital display showing the increasing US debt, is seen on the corner of Sixth Avenue and West 44th Street on August 1, 2011 in New York City.

Obamacare Double-Digit Increases Threaten Democrats

Expected double-digit Obamacare health insurance premium hikes coming just one week before the November 7 election are expected to drag the program’s favorability ratings to new lows, as support from independents and Democrats continues to fade.

Irfan Khan/Los Angeles Times via Getty Images

CBO: Nearly 1 in 6 Young Men in U.S. Jobless or Incarcerated

According to the Congressional Budget Office (CBO), out of the 38 million young men in the U.S. in 2014, 16 percent were jobless (5 million or 13 percent) or incarcerated (1 million or 3 percent). The share of young men without a job or in prison has increased substantially since 1980, when just 11 percent of young men fit into either category.

Patshawndria Ivey fills out a job application at Smoothe King May 8, 2015 in Miami, Florida. The Labor Department released numbers that show 223,000 jobs added in April with the unemployment rate at 5.4 percent from 5.5 percent in March, which is the lowest rate since May 2008. (Photo by

Goalposts Moved Again, As ObamaCare Comes Up 24 Million Enrollees Short

After surveying the latest Congressional Budget Office numbers, Jeffrey Anderson of the Weekly Standard restates what should be obvious to everyone by now: “ObamaCare is basically an expensive Medicaid expansion coupled with 2,400 pages of liberty-sapping mandates.”

Alberto Abin walks out of the UniVista Insurance company office after shopping for a health plan under the Affordable Care Act, also known as Obamacare, on December 15, 2015 in Miami, Florida.