Post Tagged with: "Congressional Budget Office"

[caption id="attachment_2147" align="aligncenter" width="640"] Paul Ryan speaking at CPAC in Washington D.C. on February 10, 2011 (Gage Skidmore/Wikimedia)[/caption]

One of the fights likely to come up early during the next administration is privatizing Medicare.

Tom Price, chairman of the House Budget Committee, has indicated Republicans will try to privatize Medicare in a budget reconciliation bill (a sneaky filibuster proof attack).

You’re going to hear a lot about “choice” and “efficiency” and the amazingness of markets, but Ryan’s plan basically comes down to two things: 1) you will pay more, and 2) you will get less.

Here’s an interesting post from Jared Bernstein on the growing economic gap between rich and poor. Compiled from the Congressional Budget Office (CBO) statistics, here’s some highlights: $400 billion was transferred from the bottom 95% to the top 5%. The share of income held by the top 1% has climbed […]