Friday, 20 July, 2018

White House attacks CBO health care inaccuracy, misspells 'inaccurately'

Rosalie Gross | 14 July, 2017, 00:35

In a show of support for the Republican-backed health care bill, the White House launched an attack on the Congressional Budget Office. "Almost all of that difference arises because the administration projects higher revenue collections - stemming mainly from a projection of faster economic growth".

President Trump has touted his 2018 budget as a plan that would balance the budget in 10 years and reduce the national debt from 77 percent of GDP to 60 percent.

Trump's budget predicts that the US economy will soon ramp up to annual growth in gross domestic product of 3 percent; CBO's long-term projections predict annual GDP growth averaging 1.9 percent.

Trump's May budget submission proposed jarring, politically unrealistic cuts to the social safety net for the poor and a swath of other domestic programs.

The independent agency, whose financial estimates often shape lawmakers' policy decisions in the USA, said, "The deficits that CBO estimates would occur under the president's proposals are larger than those estimated by the [Trump] administration".

The CBO said did not take into account all of Trump's proposals that may affect the economy because "the details on numerous proposed policies are not available at this time".

"Today's CBO report makes clear just how far the President's budget is from balance", said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, in a statement.

The stakes on completing a budget are high for the Trump administration.

The White House fleshed out its anti-CBO case in a video that contains some very basic errors.

It wasn't. FactCheck.org concluded that despite overestimating the number of people who who get subsidized insurance through ACA exchanges and underestimating the number who would gain coverage through the law's Medicaid expansion, the CBO "actually nailed the overall impact of the law on the uninsured pretty closely".

The Congressional Budget Office said the proposed White House budget would result in a $720 billion deficit at the end of 10 years, not a small surplus as it had estimated.

Recommended

Dorance Armstrong voted Big 12 preseason defensive player of the year Dorance Armstrong voted Big 12 preseason defensive player of the year The Sooners, last season's conference champion, edged out Oklahoma State for the top spot in the 2017 preseason poll. Coming up Thursday, the Big 12 releases its preseason poll with West Virginia expected to be middle-of-the-pack.

China Chose Djibouti Strategically as Its First International Military Base China Chose Djibouti Strategically as Its First International Military Base There's one very valuable asset that Djibouti possesses that's of prime concern to global military powers: It's location. Djibouti , which is about the size of Wales, is at the southern entrance to the Red Sea on the route to the Suez Canal.

German police make arrests over €4m gold coin heist German police make arrests over €4m gold coin heist The police also found the rope, the ladder and the wheelbarrow as well a burning Mercedes in an underground auto park. Police had published footage from surveillance video asking the public for help in finding the thieves.

Pope Francis creates new path to beatification under 'offering of life' Pope Francis creates new path to beatification under 'offering of life' An example of this fourth avenue to sainthood might be a pious individual who becomes diagnosed with a life-threatening disease. The vitae oblatio received approval in September 2016 by the Congregation for the Causes of Saints .

Samsung Galaxy S8 Waiting For Google To Catch Up The financial details of the buyout deal were not disclosed, but Samsung reportedly paid under $43 million for the acquisition. So Whatever the strategy Samsung is pursuing now regarding the Note 8 launch, it seems to be very aggressive.

US VP prays for Charlie Gard amid deadline US VP prays for Charlie Gard amid deadline The hospital said he shouldn't be moved, suing the parents in court to keep him there and "die with dignity". Charlie suffers from mitochondrial depletion syndrome, which saps the energy from his organs and muscles.

No offers yet for Belotti, say Torino No offers yet for Belotti, say Torino Belotti netted 26 times last season for the Serie-A side last term, making him the third highest score in the Italian league. Chelsea could be willing to pay Torino striker Andrea Belotti's £89M release clause, according to the Independent .

'Gangnam Style' is no longer the most-viewed video on YouTube 'Gangnam Style' is no longer the most-viewed video on YouTube However, as of July 11, according to a BBC report, the pop song has been overtaken by the heart-warming ballad " See You Again ". For the last five years, the insanely compelling dance video " Gangnam Style " has dominated the YouTube video leaderboards.

'The Table Was Marble This Whole Time!' 'The Table Was Marble This Whole Time!' Kim Kardashian has denied claims that there were lines of cocaine in the background of a social media clip she released. Taking the purported container out of her purse, she declared, 'I have never done coke; I'm just not into that stuff.

Graham: Trump Jr.'s Emails About Meeting Russian Lawyer 'Disturbing' Graham: Trump Jr.'s Emails About Meeting Russian Lawyer 'Disturbing' In one of his responses to a music publicist working to set up the meeting, Trump Jr. says he would "love" to hear more. The email release followed days of evolving accounts from Trump Jr. about the nature of the meeting and its objective .

Iraq declares Mosul's total liberation from Islamic State Iraq declares Mosul's total liberation from Islamic State The UN refugee agency (UNHCR) today said it could be many months before civilians are able to return to their homes. The Islamic State has been steadily beaten back over the past year and is showing signs of crumbling.

Kashmir civil society groups to protest killing of Amarnath Kashmir civil society groups to protest killing of Amarnath He said he and his friends had not made plans to join this year's yatra , but had suddenly chose to sign up for the pilgrimage. It is also reported that the bus company did not follow the norm of registering the vehicle with the Amarnath shrine board.

Iheanacho Agrees To Join Leicester From Man City Iheanacho Agrees To Join Leicester From Man City According to Sky Sports , the Foxes have agreed the basics of a deal with Manchester City to take Iheanacho to the King Power Stadium.

China: Umbrella Rental Company Has Lost Most Umbrellas In 3 Months China: Umbrella Rental Company Has Lost Most Umbrellas In 3 Months However, he added that the company will press on with its rollout, aiming to make 30m brollies available by the end of the year. The same publication reports that Zhao plans to release another 30 million umbrellas across China by the end of the year.

Honda Confirms 11th US Death From Faulty Takata Airbag Honda Confirms 11th US Death From Faulty Takata Airbag Nissan said the new recall affects just over 515,000 Versa subcompact hatchback and sedans from the 2007 through 2012 model years. Honda said the vehicle's registered owners had received at least 12 recall notices but never got recommended repairs.