Yes, according to a new report by the Congressional Budget Office. As always in such comparisons, however, there are some caveats. CBO summarizes its main results in this handy chart: Report author Justin Faulk summarizes the findings as follows: Differences in total compensation—the sum of wages and benefits—between federal and private-sector employees also varied according [...]
Posts Tagged ‘CBO’
Do Federal Workers Get Paid More Than Private Ones?
Posted in Budget, tagged Budget, CBO, Government, Labor on January 31, 2012 | 5 Comments »
Congestion Pricing Saves Time and Money
Posted in Budget, Energy, Environment, Microeconomics, tagged CBO, Infrastructure, Pricing, Taxes, Transportation on May 18, 2011 | 4 Comments »
The Highway Trust Fund will soon be broke. Gasoline tax revenues haven’t kept up with spending, and it’s likely that demands for new highway infrastructure will grow in the future. Joseph Kile, head of the microeconomics studies division at the Congressional Budget Office, discussed various policy options to deal with this funding gap in his testimony [...]
What is Health Care Reform?
Posted in Budget, Politics, tagged Budget, CBO, Health, Politics on January 21, 2011 | 8 Comments »
Health care reform increases the federal deficit over the next ten years. The health care reform legislation, however, reduces the deficit. Greg Mankiw set off a vigorous discussion in the blogosphere (see, e.g., Ezra Klein, Clive Crook, and the Austin Frakt) with a provocative analogy about health care reform: I have a plan to reduce the [...]
Why Does It Cost $230 Billion to Repeal Health Reform?
Posted in Budget, Health, tagged Budget, CBO, Health on January 7, 2011 | 5 Comments »
Last spring, the Congressional Budget Office estimated that the new health legislation would reduce the deficit by $143 billion over ten years. Yesterday, CBO estimated that repealing that legislation would increase the deficit by $230 billion over ten years. What gives? Why would it cost $87 billion more to repeal the law than was saved by enacting [...]
CBO Weighs in on Fannie and Freddie
Posted in Budget, Finance, Regulation, tagged CBO, Fannie Mae, Finance, Freddie Mac, GSE, Housing, Regulation on December 23, 2010 | 1 Comment »
Yesterday, the Congressional Budget Office released its long-awaited report on the future of Fannie Mae and Freddie Mac. Fannie Mae, Freddie Mac, and the Federal Role in the Secondary Mortgage Market (written by Deborah Lucas and David Torregrosa, with input from a cast of dozens — including, full disclosure, me as an outside reviewer) provides an [...]
A Second Thought on the Cost of TARP
Posted in Budget, Finance, tagged AIG, Auto, Banks, Budget, CBO, Finance, TARP on December 1, 2010 | 3 Comments »
Two commenters (Jack B. and John L.) raise an important point about the $25 billion price tag that the Congressional Budget Office recently placed on the Troubled Asset Relief Program. Their concern is that the $25 billion figure includes some impacts that should rightfully be attributed to other government actions, not to TARP itself. To illustrate, suppose that [...]
How Much Did TARP Cost? $25 Billion
Posted in Budget, Finance, tagged AIG, Auto, Banks, Budget, CBO, Finance, TARP on November 29, 2010 | 15 Comments »
The much-maligned TARP program will cost taxpayers only $25 billion according to the latest estimates from the Congressional Budget Office. That’s substantially less than the $66 billion CBO estimated back in August or the $113 billion that the Office of Management and Budget estimated in October. The good news, budget-wise, is that the government is [...]
A New Price Tag for Stimulus: $814 Billion
Posted in Budget, Macroeconomics, tagged Budget, CBO, Macroeconomics, Stimulus on August 24, 2010 | 1 Comment »
Last week the Congressional Budget Office released updated budget projections — a treasure trove of information for budget wonks. For example, CBO released new estimates of the direct budget costs of the 2009 stimulus bill, officially known as the American Recovery and Reinvestment Act (ARRA). CBO now estimates that ARRA will cost $814 billion from 2009 [...]
Why Taxes Are Going Up
Posted in Budget, tagged Budget, CBO, Taxes on July 7, 2010 | 3 Comments »
It’s hard to imagine that spending restraint alone can solve America’s long-run fiscal woes. Facing an aging population and rising health care costs, the federal government will continue to expand even if policymakers take serious steps to trim spending. That’s why policy wonks are working so hard to evaluate ways to raise more revenue. Cutting [...]
How Bad is the Budget Outlook?
Posted in Budget, tagged Budget, CBO, Debt, Deficit, Taxes on July 1, 2010 | 1 Comment »
The Congressional Budget Office offers two visions of the future in its new long-run budget outlook. The first imagines a world in which lawmakers take pay-as-you-go budgeting really seriously. The budget baseline assumes that existing laws execute exactly as written: all the 2001 and 2003 tax cuts expire, the alternative minimum tax hits millions more [...]
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