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CBO: 20+ Week Fetuses Aborted at Rate of 30 Per Day; Saves Money for Government-Run Health Care

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Photo Credit: APUnborn babies who have reached at least 20 weeks of age in utero are aborted at a rate of about 30 per day in the United States, according to the Congressional Budget Office.

The CBO has also concluded that aborting babies at 20 weeks or later in pregnancy saves money for the government-run federal-state Medicaid system.

The CBO made these determinations when doing its official “Cost Estimate” of a federal bill that would prohibit abortions at 20 weeks or later into pregnancy (except in cases of reported rape, incest against a minor or to save the life of the mother).

“Based on data compiled by the Centers for Disease Control and Prevention (CDC), CBO estimates that, each year, about 11,000 abortions take place 20 weeks or more after fertilization,” said the CBO’s analysis of H.R. 1797, the Pain Capable Unborn Child Protection Act.

In a 365-day year, 11,000 late-term abortions works out to a little more than 30 per day—counting weekends and holidays.

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CBO: Interest On Debt Snowballing

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Photo Credit: PoliticoBehind the fine print of new budget estimates released Tuesday is a growing — some say brutal — competition between discretionary spending by Congress and fixed interest payments owed on the growing government debt.

Indeed, the steady increase in annual interest costs is a surprisingly big reason why the Congressional Budget Office sees deficits rising in the second half of the coming decade.

Accumulated interest payments from 2014 through 2018 are $1.76 trillion under CBO’s new baseline. Interest payments for the second five years are more than double that or about $3.64 trillion.

The growth takes place in a period when CBO is forecasting a steady ratcheting down on annual appropriations in hopes of reducing future deficits. On top of cuts enacted in 2011, the new baseline assumes that a new round of across-the-board cuts scheduled for March 1 will go into effect.

Read more from this story HERE.

Video: The question is not “if,” it’s “when” our nation collapses from insolvency

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This new “Government Gone Wild” video explains in simple terms that both parties are selling this country out. Collapse is inevitable absent fundamental change.

Heritage: Another Recession Is Imminent

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Photo credit: Ed Yourdon

Yesterday, the Congressional Budget Office (CBO) reported that without a doubt, America will have a fresh recession next year unless Congress and the President prevent it.

We are facing the largest tax increase in history—Taxmageddon, scheduled to take effect January 1—and what experts are calling a “fiscal cliff” of sharp and unforgiving budget changes that will send the country spiraling downward. Congress and the President have the power to prevent this, and when the August congressional recess is over, that is exactly what they should do.

In its new report, the CBO said that if Congress does not act, it’s not economic growth we should be worried about, because the economy will actually shrink next year. It will shrink by 0.5 percent, and the unemployment rate will spike to 9.1 percent. As Heritage’s J.D. Foster explains: “Forget percentages—what does this mean in actual jobs lost if President Obama and Congress fail to act? It means roughly 1.6 million more Americans will be out of work—on top of the 12.8 million who already want to work but can’t find jobs.”

Preventing Taxmageddon and the fiscal cliff are necessary just to keep the economy from taking a nosedive. The status quo isn’t attractive, but Congress certainly shouldn’t make things worse. If Congress moves to prevent the nosedive, the CBO projects that the economy will grow only slightly next year, at an anemic 1.7 percent, and the unemployment rate will remain stuck around 8 percent.

Why? The CBO report makes it clear: Our spending problem continues, and it’s driven mainly by the three major entitlements: Medicare, Medicaid, and Social Security. Spending on these programs will outpace tax revenue over the next decade.

Read more from this story HERE.