35 Burst results for "CBO"
CBO expects federal debt to double over next 30 years
"The Congressional Budget Office estimates persistent budget deficits will cause the federal debt to double in size over the next thirty years the government's relied on borrowing at low interest rates to help during a financial crisis but as the economy heals the office is forecasting that interest rates will rise and so will spending and this is excluding president Biden's one point nine trillion dollar cope with relief proposal the CBO predicts publicly held debt would equal one hundred two percent of this year's gross domestic product but fast forward three decades and the accumulated debt would grow to two hundred two percent of GDP on the plus side the budget office foresees higher payroll tax revenues and forecasts that social security has another year to twenty thirty two before it's trust funds are exhausted Jackie Quinn Washington
Energy ETFs are surging as crude oil tops $64 a barrel
"Oil futures are having quite a day of the OPEC plus cover to countries met today and decided to leave most of their existing oil production cuts in place. And that Spike the Texas tea features up about 5% right now, $64.33 a barrel The equity markets. Meanwhile, take a turn into the red Writer on 45 minutes Go after J. Powell, the Fed chairman spoke with the exception I should say of the energy stocks. Companies like Diamondback Marathon has Chevron all up between 2.5 and 10%. But there are more losers than gainers right now. Among the activities After a Powell warned that the reopening economy could cause inflation to pick up at least temporarily. Not that he's all that worried about it. At the moment about the 10 year Treasury yield sure took a jump after that, now up at 1.5 to 6%. The S and P. 500 is down. 47 of the Dow is down to 61. But NASDAQ is down to 66. Now the NASDAQ is in the red for the year checking volatility at the at the CBO. We the vics is now up about seven. And half
Who Wins Or Loses If There's An Increase In The Federal Minimum Wage?
"The covid relief bill moving through congress includes a higher minimum wage for someone like lisa harris. Who works grocery store outside richmond. Virginia that make a big difference able to afford the things that i need to get by day to day without having to ask one ability to feel that i am a contributing member to byatti. I mean they say thank you and that were essential. That were heroes. But we can't feed our families off of being heroes scaling up from seven. Twenty five an hour to fifteen dollars. An hour is still running into resistance though and testing democratic unity in congress. David wessel is following. The debate is of the hutchins center at the brookings institution. David good morning. Good morning steve. So there's always case made against raising the minimum wage. We're told that if you raise the minimum wage employers are just going to hire fewer people. What's the evidence here. Well textbook economic says if you raise the price of something there's going to be less demand for it. In this case less demand from employers for low wage essential workers now the question is how many winners and how many losers one influential estimate comes from the congressional budget office. They estimate that by twenty twenty five which is when the wages supposed to get to fifteen dollars. It would mean twenty. Seven million people would be getting a raise. Nine hundred thousand fewer people would be in poverty but one point four million fewer people would be working or not having got hired on the other hand economist. Aaron debate at the university of massachusetts at amherst has been looking at what happens when states raise minimum wages and he argues that the latest evidence suggests that. Cbo is overestimating the ill effects of raising the wage. A fifteen bucks okay. So a lot of people benefit. Some people may be hurt. But there's an argument over how many people are actually hurt. That's the point of view of the employees. What about the employer. business owners objected. Here well it would raise their payroll costs for sure now. Some employers would may discover that they have better workers or less turnover so it might not hurt them that much some would suck it up in the form of lower profits somewhat. Pass it onto their consumers in the form of higher prices and some would get by with fewer workers are cut the hours of their workers they would clearly be very painful for some businesses and particularly for some businesses like those in the fast food industry that already been hit hard by the covid pandemic but really interesting new academic paper that looked at ten thousand mcdonald's outlets many of them in states or cities that have raised. The minimum wage found that nearly all of them raise prices to cover the extra costs and interestingly it found that despite higher labor costs they didn't more of them didn't install high-tech touch screen ordering that potentially saves labor which suggests that consumers would pay but workers would benefit as well. David you've referred a couple of times here to the fact that some states have already raised the minimum wage. Well above what the federal minimum is. When you look at this debate does it. Matter what part of the country we're looking at it matters a lot. Twenty nine states and the district of columbia have set their minimum wages above the federal seven. Twenty five and hour minimum and so have several cities raising the minimum wage to fifteen dollars. An hour across the country would have a huge impact on some states in the south that are paying seven two thousand five hundred minimum wage or state like west virginia where the minimum wage is now. Eight dollars and seventy five cents an hour. That's of course politically important. Because democrat senator joe manchin has indicated. He's against a fifteen hour wage and his opposition could be fatal to the proposal but a fifteen dollars. Minimum wage would have much less impact in states. Like california where it's already set to go to fifteen dollars. It's thirteen dollars now. And in florida voters in november approved a referendum that takes their minimum wage to fifteen bucks over the next few years no matter what congress does anything special about going up to exactly fifteen an hour. Not really it's politically important. The fact is that the minimum wage has been stuck at seven twenty five since two thousand nine. It would be close to nine dollars. An hour fifty kept up with inflation since
Minimum Wage Hike Would Help Poverty but Cost Jobs, C.B.O. Says
"Would raise the federal minimum wage to 15 bucks an hour. But a new report from the Congressional Budget Office shows that the change would cost 1.4 million jobs and increase the deficit by $54 billion over a decade. CBO says the higher wage would lift 900,000 people out of poverty and raise income levels for 17 million people. It's not clear if the wage hike is going to be included in the final bill. One of the
$15 Minimum Wage Would Cut Jobs, Reduce Poverty, CBO Study Finds
"Thermostat temperature yesterday, the nonpartisan Congressional Budget Office gave both sides a little bit of ammunition. In this debate, the proponents seized on the CBO data. Phasing in a $15 minimum wage by the year, 2025 would lift 900,000 people out of poverty and boost the pay for 27 million workers. What the critics heard doubling the minimum wage would cost 1.4 million jobs and add $54 billion to the deficit. The CBL ran a similar study in 2019, predicting an increase in pay for 27 million and 1.3 million jobs would be lost in 1.3 million lifted out of poverty. So there you go. So against the backdrop of us this
$15 Minimum Wage Would Cut Jobs, Reduce Poverty, CBO Study Finds
"It's a major flashpoint for politicians should the minimum wage be increased to $15 an hour as president Biden has proposed, the nonpartisan Congressional Budget Office has weighed in and the highlights just how difficult a decision this is. The CBO says raising the minimum wage to $15 an hour would cost 1.4 million jobs over the next four years. But it would also lift 900,000 people out of poverty. Goldman Sachs estimates the chances of raising the minimum wage to $15 an hour is unlikely and predicts a 10 to $11 range will be approved.
Republicans Pitch Biden on Smaller Aid Plan
"A White House meeting between President Biden and 10 Republican senators went an hour longer than expected tonight as the group discussed covert relief. Republicans were presenting their alternative to the $1.9 Trillion covert relief package that President Biden has put forward. The Republican plan calls for less some $600 billion in aid instead, with smaller unemployment payments that expires sooner and smaller stimulus checks. Senator Bill Cassidy was at the meeting tonight. He's a Republican from Louisiana and joins us now. Welcome, Senator. Thank you all. So thanks for having me great to have you. Well, it sounds like it was a very long hopefully. Productive conversation. Where did you all leave it? Where we left it. You really shouldn't start off with a top line and work towards filling it up. You're basically trying to prove you care more about the American people by spending more. But of course, we recognize that we are borrowing this money, and there's a consequence and a knopper to nitty cost if you don't spend it wisely. So with that said both sides that okay, these are proposals and this is why we propose this amount and not that amount. I spoke to education on pointing out by the way that already we've appropriated about three times more than the centers for disease control say is necessary. For schools to safely reopen the president counters and several. This is my understanding, and we made a commitment that we would he would have his staff get us the facts. Upon which they based their decision. And of course we can share with them the CDC data and the other scientific literature as to why we think what's out there is adequate now the difference between our mountain his mouth for K through 12 is about $110 billion. So it's just a lot of money. S so if they can prove their case we'd be willing to give more and hopefully, if they can't they be willing to ask for less well. If Republicans and Democrats are not able to meet in the middle. Some of your Republican colleagues have argued that Using a process called reconciliation to pass this package that is Democrats passing it without any Republican support will make it harder in the future for both sides to work together. That said Republicans did use reconciliation back in 2017. When your party had control of the House, the Senate the White House in order to circumvent any objections from Democrats back then why should Democrats act any differently now? So there's a couple things to that a more nuanced if you will understanding one thing that Schumer is spoken of Chuck Schumer, the majority leader is doing away with the so called bird rule. Which is to say that on Lee something which is Germaine to the budget. Can be included. Right if you do that, then Katy Bar the door. They want to Democrats push to put through increasing the minimum wage of $15 certainly not remain to the budget, but that they would use this process to jam it through. Even though the CBO says that raising the minimum wage to $15 an hour would destroy 1.3 million jobs or something like that. Now, that's the sort of thing that should be discussed, debated not jam through on reconciliation because it has nothing to do whatsoever with Kobe. And it has nothing to do whatsoever with the, um the budget so you would end up destroying the institution. Republicans and Democrats to date have never attempted to destroy the institution. And their employment of budget reconciliation. Putting aside the issue of whether reconciliation being used in this case would violate the bird rule. Democrats did win a Senate majority, in part because they promised to send more relief aid to people. So elections have consequences. Right, Senator Why shouldn't Democrats try to use every tool within their disposal if Republicans are unwilling to sign on to the package that they want? When President Biden gave his speech, and he said he was going to reach across the aisle, looking for bipartisanship and asking for unity. We have passed five different covert bills on a bipartisan basis. Five different covert bills on a bipartisan basis, Spending trillions of dollars. Nobody's gone small in this Now, If you say Wait a second. We can't do a six. Because for some reason we've done five, but we can't do six because really, we want a lot more than you want, And we don't think you'll give it to us because we can't give you the data to support the numbers. That's certainly not in the spirit of the previous five. It would be something that would be totally unilateral, not supported by data and only doing it because, by golly, we can I don't think that's unity, and I don't think that's
Biden meets with Republicans on COVID-19 relief
"Republican lawmakers today that just wrapped up led by Senator Susan Collins to discuss New covert 19 relief package more in depth now from Elizabeth Schultz. He was covering it for ABC News and talked with Cuomo's Taylor Vance Ice Elizabeth. We know President Biden is in favor of a $1.9 trillion package. What is Senator Collins and her team pushing for well, they are wanting a much smaller packages. The reality here they're pushing for a deal worth $618 billion persons at $1.9, Trillion put forward by President Biden. It includes some of the same provisions like Monday like money for vaccine distribution, small businesses childcare in schools, and it also includes another round of stimulus checks. The Republican proposal includes stimulus checks for $1000. Or individuals. But it's a much smaller group of Americans that we've seen in the past and in President Biden's proposal, these would only go to people making up to $50,000 a year. The Republicans are calling it a much more targeted approach. Given how much economic stimulus has already been passed, they say, We just do not need to pass this trillion dollar amounts. Okay, Any word at this point, though, if the president's team or the president himself is willing to bite on any of that, not at all. We're hearing from the White House, in fact that this is a meeting to exchange ideas. Not to reach some sort of grand bargain. The White House has said time and time again that the risk is that not enough ages past versus too much, so they seem to really be standing by this nearly $2 trillion amount. Now. The question is if they're going to move forward in Congress, with a plan that could essentially passed by this proposed proposal without any Republican votes. So far, the House and the Senate have taken the first step to do that, in a process called budget reconciliation that would essentially allow this Broader package to pass to the simple majority in both the House and the Senate that we wouldn't need a bipartisan deal to be reached at the end of the day. So that's something that President Biden was really pushing for. On the campaign trail is this idea of bipartisanship. Now, As this meeting began between Republicans and the president, there was some news that broke from the Congressional Budget Office right about how the U. S economy. Is expected to recover. There is no notably today that Congressional Budget Office upgraded its forecast for the economy and now expects GDP growth to reach its pre pandemic level. By the middle of this year, so this complicates the negotiations a little bit, and that the forecast seems a little bit rosier than had previously been thought. At the same time, the CBO says it's going to take years for the jobs market to fully recover with millions of Americans. Well unemployed and the White House response to this was essentially that even if the broader economy looks like it's going to come back, there's still so many people who need aid to pay their rent. You cannot get through the day to day and there is no question that we need more money to get these vaccines after people so they're still standing by their kind of push for more stimulus, And they say that really they're just cannot be enough. Aid right now, even if the outlook is looking a little bit better here and just for my own clarification that this CBO congressional budget office estimation that's assuming that there wasn't another sort of relief package passed, right. That's correct. That's based on the current outlook, just as it is, and I will know that there have been other afternoons out there that say that if the current package passed by Biden go through, that would significantly boost to growth even by a lot more. Alright. The ABC is Elizabeth shows
Republicans press $600 billion COVID-19 bill as Democrats ready Biden’s $1.9 trillion plan
"As well. The news flow out of Washington, Tim and we know the president's trying to get through that massive coveted relief package, but it may not get through in one big piece. Yeah, it's looking increasingly likely. Look, Democrat Democrats want something that's $1.9 Trillion Republicans. They're saying, Hey, we want something closer to 600 billion. That's a big gap. All right, Let's get the latest on that. Bloomberg News U. S Economy reporter Katia Dimitri Dimitri Eva is on the phone from Washington D. C and she joins us, Captain. Good to Have you here with Tim and myself so What do we know so far? And you know, what are you hearing about the prospects for this economic plan? Hey, Good afternoon. It really depends on whether we're looking at, uh, sort of what the economics tell us verses politically sort of what Biden has to do here. You know, way had two pieces of news coming out. And if you the past few days, one of them this morning with the CBO report showing that the economy is actually doing really well, um, just thank the last round of stimulus. The $900 billion so You get David like that, And you already have some Republicans out in front of this, saying that this clearly signals that more targeted stimulus is needed. And then last week we had a report. From another economic output opportunity inside. That's Raj Chetty of Harvard and others who said that more target stimulus checks are actually the best way to do this. Andre, perhaps allocating some funds to sort of social safety net programs, so there's sort of the economics of it is showing that maybe more targeted stimulus is better. You have Republicans, obviously saying that Democrats highlighting will hold on look at the labor market. Let's look at the job numbers. We see that more than 10. Million people are still unemployed, and we're pre coded. We need to do more rather than less because the risks are higher. That's that is really encompassing the debate that's happening right now in Washington. Okay, so when when we say targeted? What exactly does that mean?
Should fewer Americans get a stimulus check?
"Republicans going to the White House today to really put this idea of bipartisanship in unity. To the test. They've got their own covered relief plan. It's one third the size and expense of what the White House has been offering. They'd like to make this a bipartisan deal to signify that they can get along and move down a different path. But is it just sound in fury signifying nothing. We turn to Rachel Sutherland watching it all on Capitol Hill are Forks, Fox correspondent and W. Jared Contributor. I, Rachel A guy? Yes, these 10 Republicans led by Susan Collins. We're going to the White House meeting scheduled at 5 P.m. in the Oval Office of 5 P.m. eastern time. But there is a great divide on this coronavirus release plan. The president is calling for $1.9 trillion Some Republicans have a counterproposal. $600 billion still includes a lot, but there are key differences for one Republicans want a $1000 stimulus check instead of the $1400 stimulus check. They also want income limits to be different under the Biden plan that believes that income on that start you start phasing out over 75 or $80,000 a year, Republicans would see that phase out, starting at 40 or $50,000 a year. They say This is more targeted relief to the people who most needed. The trick here is sometimes 40 or 50 doesn't take you very far, depending on where you live, how expensive it is. I don't know if they're taking that into account. No, no question. And also there's this notion that some people have been held harmless that have really felt no economic sting at all, and that they could still get money under both plans. Actually, I did want to ask you. There's some day of news here that is, is making things more curious, and that is the nonpartisan Congressional Budget Office, releasing a forecast Stating that our economy absent any significant intervention could be back at pre pandemic economic growth numbers by the middle of this year. Does that have anybody rethinking the size of this stimulus plan? And does that give Republicans maybe some ammunition to say Hey, we don't need a $2 trillion bail out here. Is that something from the Congressional Budget Office and those were the nonpartisan be encounters. They're making this production that by the middle of the year we could be back to where we were before. Which is, if you think about it remarkable that people who live day to day man who may be lost or business lost her job was heard of people living in their cars, and they find it. Hard to believe. But yeah, I do. Pretty guy could give Republicans ammunition coming Anything. What? We have this report to the CBO saying that things were going to get better. But because the vaccines are on the way, it's been about a bit of a bumpy rollout. Now there's been announcement from the government of at home testing kits. They're going to ramp up production. That you can test it home and then hook it up to an analyzer and it'll give Aries. So if you have a smartphone within 15 minutes, imagine how that could change our world in our lives. And going places going back to school. Going back to work. Maybe going to see a concert. Something like that. And all of those things. Yeah. What so much talk about bipartisanship right now. And I'm curious because you know if I'm talking to people that run restaurants have I'm talking people in the street. I think they're saying, Look, we need help. We don't really give a rip whether who wants to take credit for it or whether it's bipartisan or not. How important is the bipartisan bill to the White House? How important is it to the GOP? And why are they struggling so hard to try to at least look like they are moving down that road? This is the first test of bipartisanship. The first real test to see Okay. Does President Biden mean it when he's talking about unity? This meeting today so important? It's also noteworthy that there are 10 senators from the Republican side going over. That's enough to break the filibuster. And go ahead and pass something if they can't come to agreement Democrats have in their back pocket. This idea. I'm sure you heard of it. Budget reconciliation, which was it's a maneuver that allows him to get around the filibuster and passed us on the simple majority vote. But Republicans don't like the idea for one. This includes a $15 minimum wage, which serves they're saying Whoa, Hold on. I might have to lay off workers and we don't need that in the pandemic.
An elegy for Arecibo
"So air cbo. We've been calling this a post mortem which is pretty depressing. What's the status of the observatory. Now the observatory is still open but its main reason for being which is this enormous radio telescope which three hundred and five meters across is no more. It had a instrument platform suspended above it on cables that collapsed on or december and effectively destroyed the telescope and this is the culmination of a number of structural failures that happened to the telescope in twenty twenty. Yeah that's right. The first bowl broke in august. This was own auxiliary cable which had been added in nineteen ninety-seven when they added new instruments to this platform above the dish. So it needed more support so they added extra cables and it was one of these new ones not one the ones from its original construction which was fifty seven years ago or fifty eight. Now i guess and that cable pulled out of its socket. The soccer is the structure of the end of the cable that allows it to be attached to something and they just pulled out. We surprised everyone. No one expects a cable to fail in that way you went into a suspension while they investigated and ordered new cables to replace. Does hilary cables of which are six and then a second cable broke and then it was already perilous situation and the national science foundation which owns the telescope decided. It was too dangerous. The structure was not safe for people to work on and so they decided to have to be m decommissioned but before that could happen only a couple of weeks off to the second cable broke. More cables broke the whole thing. Came crashing down yeah. There's some kind of striking video of that. They're on the internet taken from a drone. I asked you before the interview if you've ever visited this site and he said no very sad about that now. I'm not going to get a chance to see it you know. It was a very spectacular instrument which was very beloved of astronomers and puerto ricans in particular but also filmmakers. You know it was used in two feature films. And i think the x. files as well used it as a backdrop. I always think of contact. This is such a striking image The way they show it in that movie and this is obviously a platform for a lot of science. What are some of the big accomplishments some of the highlights from astronomy at no. It's an interesting co scoop. Because it was used by lots of different sorts of scientists it was originally designed to be used as a radar instruments to look at the upper atmosphere so would send out pulses of radio waves and then receive the signal that was bounced back off the sphere. Which is upon the upper atmosphere where the air molecules are ionized by the sun. This is the first instance of its use and it wasn't even really for it was more for defense than anything else. The pentagon was looking for ways to track incoming ballistic missiles which you know in the late fifties and sixties was very new issue for them and so they built this telescope to try and understand the ionosphere better to see whether warheads trails that they could track them by. And that didn't really work out. And so it transitioned into being a a scientific facilities so people have continued using it to look at the ionosphere to this day. But they've also used things. Nasa used the radar to track objects in space that are near the up and could be threatening such as asteroids and also to look at other planets. It's been used to map. The surface of venus be seen with a normal telescope because it's surrounded by clouds and it can look far as saturn and then astrophysicists could use it to look at much more distant objects such as pulsars. Which are little dead stars that out a very regular metronome signal in radio waves and gas in galaxies in between the planets and it has a hundred uses and some of which made it very famous. People have won nobel prizes with work that they did. Don't aris the
Building and Branding a Real Business
"We talk so much about the technical right the the bids and the scaly strategies and the rules and and so much that so important right. I'm not taking anything from that. It's critical and i talk a lot about it. But i think what's becoming more and more apparent Hokey agrees this hundred percent rate. So it's more and more apparent is that especially with mood to. Cbo there is becoming a less and less importance on those skills and more and more important on the quality of the product the quality of the offer the barandy the voice. The creativity of the copy like those elements are becoming so much more important. What happens post purchase. The post purchase experience. The customer satisfaction. The up sells lifetime value increases. All that is so important so critical and so you'll see brands and companies. That aren't necessarily great media buying in terms of they don't understand the nuances and they don't tell. The auction works algorithm works. And all this stuff but they have really great videos in really good brand and fun and their ads and humor and they've personality and a great products and they're killing right and so what i want to show tonight me. A quick video is like how we've kind of doubled down on that. With with at least with our info product business my personal grant how. I've kind of really doubled down on brand pattern eruption having fun like here's a i love what i do right i. I absolutely love. I've done a lot of things in my life that i haven't loved that i've done because it's been a way to make money but what i do every day. I absolutely love like i get to tell stories. Relevant essentially i mean that's that's what marketers do we tell stories right. I get to teach people get bring like my lessons to thousands tens of thousands of people on a regular basis And help those individuals achieve their dreams right. Like i'm living the dream. And i realized for a while like the way was marketing didn't reflect. Who was the person. And i wasn't. I wasn't fun with it when i first started doing my courses. You know two years ago. Like i look back at that ad copy and yeah i had some funds snark with it can start up drugs but a lot of it was very good cutter right. I was doing whatever else is doing. Because that's what i'm doing. And i think a lot of us fall into that trap especially when you're in various facebook groups and stuff like we're all looking to find the next big thing we're all following different people and we're trying see like what the person above us doing right because there's all of us have somebody look up to. There's always somebody doing bigger better things smarter than right. That's reality and so. I think a lot of times we neglect our own creativity and our own personality and our own uniqueness because we want to do at that bigger figures doing right so this per person x this is how they're advertising their drop ship product person wide south advertising. Their course they're doing a cookie cutter. Add to a webinar pushing fake scarcity and then they sell in the webinar and they have a retarding sequence where they push the cart clothes and all the copies very you know. Hey you have one day left by my course before the car close. Make sure you get it. Now here's what joe said like it's all so formulaic and listen. I'm not saying that you should never follow the crowd because a lot of times. There's a reason why everyone's doing something one way. Because it works right that being said i think there's varying degrees of that so i think what works for tyler. Open grand cartoon doesn't work for everybody right tyler has greg. Ode have a specific demographic ties demographic might not be the same demographic as years right so you following the same formula of showing off your rented lamborghini and your ended house and money and and things on that might not resonate at all with your target customer or by bringing the wrong customer right and so i think the gist of as i'm sure if you examples ads right now is that like writing ad. Copy should come natural right. I think the reason why people feel like they can't read copy in there. I'm not good writing copy. I'm not good writer and stuff is. I don't necessarily believe that. I think everybody can write ad copy. I think the challenge is when you start writing ad copy for somebody else. Essentially you're writing ad copy for who you think you should be instead of writing ad copy who you are and i think that's what leads a lot of challenges. It's very hard to write from somebody else's perspective right. That's why there's professional groceries out there. The chargers money. 'cause they're really good at that but most of us we can only think talk act like like we've done entire life who we are So if you're marketing your business if you're marketing your course your webinar. You should be authentic to who you are. Don't pretend to be somebody or not because it's very very hard to be successful that way it eventually things fall apart. It's very hard to keep that up at scale and with mass volume. It is very difficult unless you who you are. Changes to match who you are on camera. I've seen that happen but for me like i've realizes okay everybody is is on the guru train and it seems like every consumer personal industry like calls out gurus in has a negative connotation gurus so why as many sunk info products but i want to associate myself with same practices that most people consumers and industry don't like the makes no sense right. What does make sense. Is associating myself with that group in our mutual dislike for another group right. There's few things that bond people tighter than mutual dislike right. So you can bond over things you love and you can bind over things you hate and so by coming out against that lifestyle and that marketing message and the fake scale. All the bull-crap that that those people do people that hate that as well resonate with my message because that's what they think right so this guy thinks the same way that i'm thinking and if he's thinking the same way i'm thinking any addison for products there's no way he's also the bs like those people right so achieved so much by me doing that. It's also pattern erupt like interrupts patterns. And that's the other thing right if you're doing what everyone else is doing. If you're writing copy the same way into the same structure to same formulas the same creative the same video formats all the same stuff. The same cold traffic to webinar cart like it becomes routine becomes like people come blind to it because they see all day long. It's all they say right. So if you mix it up if you start saying the exact opposite surfing polarizing sure you're gonna ruffling feathers ensure you're gonna have people don't like it but that doesn't matter. I don't care if half the half the world hate me. I don't care i find with eighty percent world hating me because i usually means at eight in the world. Hates you twenty. Percent loves right. It's you're polarizing enough to be hated. You're also polarized enough to be loved.
Follow This Simple Rule to Write Great Ad Copy
"We. We talk so much about the technical right the the bids and the scaly strategies and the rules and and so much that so important right. I'm not taking anything from that. It's critical and i talk a lot about it. But i think what's becoming more and more apparent Hokey agrees this hundred percent rate. So it's more and more apparent is that especially with mood to. Cbo there is becoming a less and less importance on those skills and more and more important on the quality of the product the quality of the offer the barandy the voice. The creativity of the copy like those elements are becoming so much more important. What happens post purchase. The post purchase experience. The customer satisfaction. The up sells lifetime value increases. All that is so important so critical and so you'll see brands and companies. That aren't necessarily great media buying in terms of they don't understand the nuances and they don't tell. The auction works algorithm works. And all this stuff but they have really great videos in really good brand and fun and their ads and humor and they've personality and a great products and they're killing right and so what i want to show tonight me. A quick video is like how we've kind of doubled down on that. With with at least with our info product business my personal grant how. I've kind of really doubled down on brand pattern eruption having fun like here's a i love what i do right i. I absolutely love. I've done a lot of things in my life that i haven't loved that i've done because it's been a way to make money but what i do every day. I absolutely love like i get to tell stories. Relevant essentially i mean that's that's what marketers do we tell stories right. I get to teach people get bring like my lessons to thousands tens of thousands of people on a regular basis And help those individuals achieve their dreams right. Like i'm living the dream. And i realized for a while like the way was marketing didn't reflect. Who was the person. And i wasn't. I wasn't fun with it when i first started doing my courses. You know two years ago. Like i look back at that ad copy and yeah i had some funds snark with it can start up drugs but a lot of it was very good cutter right. I was doing whatever else is doing. what i'm doing. And i think a lot of us fall into that trap especially when you're in various facebook groups and stuff like we're all looking to find the next big thing we're all following different people and we're trying see like what the person above us doing right because there's all of us have somebody look up to. There's always somebody doing bigger better things smarter than right. That's reality and so. I think a lot of times we neglect our own creativity and our own personality and our own uniqueness because we want to do at that bigger figures doing right so this per person x this is how they're advertising their drop ship product person wide south advertising. Their course they're doing a cookie cutter. Add to a webinar pushing fake scarcity and then they sell in the webinar and they have a retarding sequence where they push the cart clothes and all the copies very you know. Hey you have one day left by my course before the car close. Make sure you get it. Now here's what joe said like it's all so formulaic and listen. I'm not saying that you should never follow the crowd because a lot of times. There's a reason why everyone's doing something one way. Because it works right that being said i think there's varying degrees of that so i think what works for tyler. Open grand cartoon doesn't work for everybody right tyler has greg. Ode have a specific demographic ties demographic might not be the same demographic as years right so you following the same formula of showing off your rented lamborghini and your ended house and money and and things on that might not resonate at all with your target customer or by bringing the wrong customer right and so i think the gist of as i'm sure if you examples ads right now is that like writing ad. Copy should come natural right. I think the reason why people feel like they can't read copy in there. I'm not good writing copy. I'm not good writer and stuff is. I don't necessarily believe that. I think everybody can write ad copy. I think the challenge is when you start writing ad copy for somebody else. Essentially you're writing ad copy for who you think you should be instead of writing ad copy who you are and i think that's what leads a lot of challenges. It's very hard to write from somebody else's perspective right. That's why there's professional groceries out there. The chargers money. 'cause they're really good at that but most of us we can only think talk act like like we've done entire life who we are So if you're marketing your business if you're marketing your course your webinar. You should be authentic to who you are. Don't pretend to be somebody or not because it's very very hard to be successful that way it eventually things fall apart. It's very hard to keep that up at scale and with mass volume. It is very difficult unless you who you are. Changes to match who you are on camera. I've seen that
Man of the People
"And the story. You're about to hear it takes place in nineteen seventeen but almost everything that happens in. It feels like it could have happened this week. Basically it starts with this young doctor john. Brinkley he's just married the love of his life many and they decided to go find a place where they can just settle down. He's going to be a town doctor and then they set out for kansas because they see an advertisement that says milford kansas population. Three thousand when you doctor. And they're like okay. We'll go west. So they travel west get milford and three thousand was a typo in fact it was population. Three hundred which say it's like the middle of nowhere. There's nobody there. This is penny lane. She's a filmmaker. She made a documentary about john brinkley. Brinkley moved to milford and they set up shop. This elderly farmer named bills. It's worth comes into the office and you know after much hemming hiring kind of manages to spit out his problem. Which is that. He's a flat tire Get it get it you know and finally the brinkley's like oh. You're impotent okay. Gotcha i'm so sorry. We have nothing for that. Like modern medical science has not solved. That problem. I'm very sorry according to brinkley. What happens next is that he and the former get into small talk and they start talking about goats talking about. How goats never seem to be impotent. They're always zero. And the farmer says something to brinkley. That will change his life. he says. Gosh it's too bad. I don't have billy goat nuts and then brinkley laughs. And then after hours of brinkley's saying no i didn't learn that in medical school. That's not how we do. Things that might now work could be dangerous. The farmer infuses to leave until brinkley agrees to try to fix impotence by giving him go testicles. There's the strangest eureka moment so then of course he tries it and it works. It works according to brinkley. Brinkley tells the world that he has created the goat gland cure. Meaning he will take goat testicles. Insert them into your scrotum and you'll be healed and not just of impotence either. He says it'll cure flatulence emphysema stomach cancer. He's got a version for women which he says will cure female infertility. I talked to this redder. Pope brock who wrote a book about brinkley charlton. He said that when patients came to bring you get the surgery it was set up so that the patients would know that they were getting exactly what they paid for right so the patient was it was local anesthetic so that he could be assured that was actually getting the goat and then Many brinkley usually brinkley's wife would do the snipping on the goat. They would bring the goat balls over opened a guy up toss them in so him up and send him out so just to be clear. This surgery is bogus utterly bogus and privately. Brinkley knows this but he's extremely good. Commencing the public that he believes in what he's selling that goat gland surgery really works. It helps that he looks extremely professional. He's got a three piece suit. He's got round glasses. This neat blonde goatee. He's everybody's idea of what a smart doctor looks like. And so they start showing up at the clinic. These nervous guys ready for the surgery their own goats in tau like you bring the you want this just clutched in your arms and your pounding on the door About pretty soon he He got his own heard out back. Because it was you know was a volume business. By that point the patient would come out browse the herd and pick one the the the goat with which he felt the most connection you know whatever. He felt simpatico. That's the good he. He chose lobster at a restaurant exactly exactly exactly so. Business is booming. Brinkley has found a great scheme. Because what happens is there are men who are impotent. Who get the surgery. And because there are evidences psychological diplo cbo effect saves them and they thanked dr brinkley and for the men that it doesn't work on their generally too ashamed to say anything about it so no matter what he wins
Using AI Created Digital Twins to Accelerate Clinical Trials
"Nature scientific reports peer reviewed Publication that now. It must have come out outlive well over a year ago and but we peer review takes very long time so that was written two years ago right even though it only got one year ago. Well basically what we do there is. We will take eighty percent of the train data. We have will train. The model will leave twenty percent of the data how to make predictions about these other. Twenty percents at the patients in making sure that all of the predictions that we make are really good. So that's one that's very early We've done much much more along those directions We've presented about our model presented data to fda on the office of neurosciences. We have a. We have done a number of retrospective studies where we can go back and look at previously completed clinical trials in reanalysed them. And make sure that when we're getting a better results out of those files Than than how they were originally run And then we also are working in ongoing prospective trials now In working with different pharmaceutical partners. Both in ways that are where our customers these collaborators. I getting value from the use of these models. But also that provide more validation off for our platform in the discussions with the fda. What kind of validation have been seeking with the fda. It's this is a really interesting area to to dig into I think that what we what we basically did with the fda's we showed them some data looking at we would take patients who were in cbo control arms of trials and then we would create digital twins of those patients that So now you have. The real patients receiving placebo in have the model predicting what would happen if they received placebo. So now you have a direct way to measure how well is the model doing it. Actually capturing for cbo behavior or these alzheimer's In so those are the kinds of data that we presented to the fda at a meeting in march of this year looking again at at leaving because we see so many things about these patients We have to really comprehensive Evaluation protocols evaluating all of the different things that were predicting But then the other thing of course is when you actually go to use these digital twins in clinical trials. You know that actually gets into another aspect of just the context of use because there are different ways that you can take these digital twins in incorporate them into the final analysis of the treatments affected in each one of those really discussed with regulators on a case by case basis because again adapting the use of the digital twins to the particular problem that the pharmaceutical facing the try year focusing on complex neurological diseases in particular alzheimer's disease. Why complex neurological diseases in general alzheimer's disease specifically why. I think the first thing comes down to an unmet need these are areas where clinical trials are very long in the very expensive. They included enormous numbers of patient. Volunteers it. We're not really having any success in developing new treatments so anything that we can do to make those trials more efficient to make them more ethical and better for the patients volunteer and to speed up drug development in those areas so that we can finally get affected therapies. The patients something that we really need. So that's that's the first thing. Is that the this large unmet. Need the second thing is there's availability of data as a machine learning company. We really relied. Not only on there being a lot of data but on those data being very high quality and because there's this long history of many many companies trying to develop drugs for these areas in many of those drugs failing there's an enormous amount of data that we can draw on to learn about how the disease progresses But we are are eventually looking to expand across disease area so even though our initial focus has been in these more complex longitudinal
The Long Legacy Of The Arecibo Telescope
"So let's step back for a minute edit and get a better sense of how the telescope has been used over the years. Tell me about what it does. What kind of projects it's worked on. So one of the really neat things about the The observatory that's very versatile. Scientific instrument most telescopes radio. Telescopes don't have the ability to send out light. They only capture late at the observatory. We can send and capture late when an asteroid coming by. We're pretty much a flashlight that we turn on we send out to. It comes back right. We can tell you how far these objects are down to a meters unbelievable add narrate and we care about where these asteroids are going to be because what if one day this thing comes around and gets too close to earth if we can let people know this is going to happen next year we can actually prepare for it like dinosaurs. They didn't have a space program so they can get to prepare for anything. That's true we do have that on the dinosaurs. We don't have much. But we have out of cbo and we have the direct understanding of asteroids because i also think just from an outsider's perspective like this telescope does really play a role in our cultural imagination. It contributes to our sense of off. You know about the universe. Like i think i remember in the seventies it was used to deliberately beam a message into space. You know like hey. We're here like i mean it really has like not only these scientific contributions but these cultural contributions it's like an it's an inspirational place. You know oh yeah. I love marvel. I'm love marvel comics. And things like that and i was watching. Although i'm a little old doesn't matter. I was watching a cartoon about the avengers and the avengers were flying off to the odyssey observatory to save it. Who was that still in the cartoon. Oh my gosh so yes it really is you know. It's not like one of those fields of science or scientific tools that really stays in academia right. It provides a broader context for understanding. The universe for non-academic says well which i think is is really special and important. It's like bench because of its versatility. It gets to be part of not only applied science but just part of typical day to day life. You may not see it. But it's there in cultural context. It's there you know saving your life making sure this asteroid is not coming towards you. It's really cool so it sounds like at this. Recent damage has big implications in terms of slowing down a lot of research. What kind of research are we going to be missing out on right now with it down well for personal perspective. I actually had some observing runs. We're gonna come up in late. September through october where we were going to be studying mars with radar this year mars was going to be the closest it was going to be and also observable from the osce observatory until the year twenty sixty seven so it. This year was literally a once in a lifetime. Opportunity to observe mars with other. See all twenty twenty twenty twenty worst year ever. Yeah okay so the damage that happened. This year isn't the first hurdle for the observatory right hurricane. Maria damaged the observatory twenty. Seventeen you you were working there right like. Tell me about that experience. Su twenty seven one hurricane. Maria came by not only was. I was still working at. The observatory actually stayed at the observatory. That's where i went for shelter so i got to see the winds combined and the damage For me one of the things that like hit me the most or make me realize the damage the most after the hurricane when we went outside. And when you look across the telescope and it's in the middle of a beautiful rain-forest greenery everywhere and that day after the hurricane when we went outside there's there is no green left it just nothing just brown. Everything was brown. The trees were dead. You see all the way down to the soil. It was impactful in the sense of. Wow this is the damage of the hurricane. Awesome packed full as a puerto rican. Who's used to seeing their island. Be beautiful and green selling costs high. Like that's gone all gone in day. That's tough that you know it starts being Quite a bit less about the science at that point. Oh very quickly. I mean after the hurricane when there was no utilities at all on the island we still had a couple of generators so people from of see what would drive up. We pump water for them and they leave with a bunch of water the to drink water. Well so okay. Let's let's let's talk a little bit about the funding struggles right because there have been ongoing funding struggles for the telescope. Break that down a little bit for me yes. The telescope which is owned by the national science foundation has had some funding struggles in that the budget that is used to operate. It has been going down. And it's gone down from anywhere from about fourteen mil per year with the expected current contract. They could go all the way down to two million gotcha into and so what will that mean for for the telescope and the people that work on it. So as there is diminishing funds going there They'll be less available time for people to go explore go observe pulsars and find the first evidence for gravitational waves which won the telescope a nobel prize in physics and nineteen seventy-three. It's
CBO's Current Projections Don't Look Good
"So the congressional. Budget Office released a forecast for the united. States for the next thirty years of economic growth and well, it doesn't look great. Cove. It is a big reason why so big picture deaths are way up and births are way down CBO is forecasting eleven million fewer people in the US and twenty twenty-fifty than in previous estimates declining population seems like something proper immigration policy could fix but I'm sleep. So outside of the covert bump, US deaths are up the report points to increasing deaths from Alzheimer's suicides and drug overdoses but also fertility is going down and CPO says that in the short term, this cove related, but it was already trending downward before the pandemic and now onto the money, the national debt in this country is growing and by twenty fifty CBO believes it will be twice the size of the. Entire yearly economy. That's because of the massive amounts of spending we're doing right now about the pandemic and then in later years if interest rates go up, that could start to pile on top of the debt for now though the Federal Reserve which sets interest rates has said they will keep them near zero for at least the next three years. But this is the kind of thing that down the road could threaten things like social security for those who rely on it most IMP. Republicans call for cuts the also projects income inequality to grow. That's because income's for the wealthy are expected to grow faster than the rest of us and their overall tax rates won't what else is new?
U.S. Unemployment Rate Fell to 11.1% in June
"The president wasted no time heading to the cameras to the record jobs gain in June. There's not been anything like this record setting shattering all expectations, our economy is roaring back. It's coming back extremely strong. These are all historic numbers. A record never had a number like that an all time high think of that that's the largest increase in the history of our country. That's a tremendous number a phenomenal number so these are numbers that are not numbers. Of, the presidents would have. This has been a tremendous success. We've done an incredible job we've done a historic thing likes of which nobody has ever seen before in my opinion. Donald? Trump got to use all the superlatives today talking about the job number, but it's important to look deeper into those numbers. CNBC points out one big contributor to the decline in the jobless rate was those returning to work from temporary layoffs? This comes as a new report from the Congressional Budget Office that says the unemployment rate is expected to stay above pre pandemic levels through. Through the end of twenty thirty worth US more, we welcome to the broadcast policeman senior economics reporter with our sister network CNBC. In an old friend of Mine Steve. Great to see you. Thank you for being with us. I mean it kind of was humor listening to the president as I said us all the superlatives, because there's a big piece of context here these are. These are jobs in many cases that people were not working at. As opposed to the creation of new jobs. These aren't jobs created and what the president has missing. There is the historic job losses that happened just a couple of months ago. That were multiples of the jobs that have been brought back in fact alley. I think the best way to think about this. As it was really a bittersweet number, the president was right. It was several times. It was just about double the expectation for point million. It was indeed a record, but let's just do the math. We've lost twenty two million jobs since the corona virus hit the US economy. We brought back seven. Seven and a half million, so everybody can do the math at home. That's fourteen and a half. Million jobs still not return. We brought back about a third. It's a bit quicker, but the other bittersweet part about this thing Ali is that with these renewed shutdowns? You have two things going on. You could have businesses that have shut down and won't we open now? Because of these new infections, but you have businesses that didn't even close before because those places were not affected by the virus, and those workers unfortunately could join the ranks of the unemployed. Let's talk about the more important thing that people like you. And I think about, and that is structurally what has happened to the job market? How much has been destroyed? That won't come back when we return to some version of normal the the the the congressional. Budget Office talks about not getting back to these particularly low unemployment rates that we were at before coronavirus until twenty thirty. That seems uniquely pessimistic, a lot of people talking about two to three to four years. How what does that look like long term return to normal? The best forecast I've seen have been my two or three years. I think that the CBO is extremely pessimistic. But we're looking for Ali is something that economists are now calling scarring in other words we've we had a lot of people. Go on temporarily. A lot will come back, but for some of these places the business may not be there anymore. The job may not be there anymore. On the plus side, there may be new jobs if people continue to get more stuff online rather than in retail stores, but. But some of those retail stores they may never reopened some of the restaurants. They can't survive at fifty percent capacity until we go back to one hundred percents of there's going to be scarring the economy. The extent of which I think the CBO may be too pessimistic, but the idea that we're going back to the way. It was a couple months ago. In short, order is almost certainly to optimistic. Stevens. I know it's something you think about it. Because I know you talked about it a lot of CNBC. How do you reconcile the record stock market performance? We're in very strong territory of Martian popped into earth and looked at the stock market. They'd say all our problems are over. Well it's something that you know. If I had another eyebrow I'd raise that up, but and if I could raise them higher than my forehead. I would do that, too. It's a curious thing to watch. There is an awful lot of the liquidity from the Federal Reserve. In the system. Interest rates are very low. If you're looking to have a return on your money, you can't do it in the charter market. You've gotta go into stocks I think that's one thing. I think there's a belief among some among many investors right now that the economy will return something normal in short order in a six month or one year timeframe. So I think those two things kind of combine the other thing Ali is if you look certain stocks have done very well and pushed up these indices, but some of the stocks and some of the industries that we've been talking about. Have not done well ahead of not come back, so so the market is correctly I. think discounting that and this changed economy that we're gonNA half example with the airline. Airline, so it is curious to watch this market think that things are going to get better as quickly as I think. The market's a little bit optimistic when it comes to discounting the uncertainty of this virus, and as you know Ali, the Fed has been all over this idea saying, wait a second. We don't know if this thing's GonNa come back and I think they've been proven right on that score.
"cbo" Discussed on WCBM 680 AM
"CBO six eighty I personally here with you from now until nine this morning by the way I did a little research for me two seconds here hang our food Jess is so that we know and for our friends stored up in Connecticut emailed him one of the recent reporting periods on homicides and this is out of Kentucky a county call Leslie county which is very heavily appellation says that other cars usually stop from the courthouse the only people across the street for sure some of the friendliest and most courteous around and like a lot of folks in eastern Kentucky they think they can act a little more civilized people big servicer there right with one rather notable exception their per capita homicide rate in this recent reporting period is higher than New York City higher than Baltimore higher than Chicago higher than Los Angeles review by the Lexington Herald leader founder Leslie in the nine and neighboring appellation counties in southeastern Kentucky at a higher homicide rate than many major US cities but Donald Wolfen Perry carries rather at homicide rates of twenty four and twenty one ours are twenty four point two in twenty one point six for everyone hundred thousand people that's clearly higher than Philadelphia New York it's about the same as in Chicago with a less than us play worth hit Ousley counties have ranges rating from twenty one to eighteen point six for it a one hundred thousand people in her own county Estel knocks and we fifteen for every hundred thousand I'm not real surprising hi Ron ellers a professor of history at the university of Kentucky he says that issue Kentucky maybe world it has problems high unemployment poor schools our living conditions are very similar to those in urban areas with the additional impact of fatherless families we see the spike in homicides because there is no adult male role model if they can be used to guide young boys becoming men and of course just as happens so here in Baltimore a majority of the mountain killings of methylation occur among friends neighbors and can you tend to go around burning people you don't know by and large they end up burning people they do know Perry's come off attorney guys one of his job for quite some time since I can count on one hand the number of homicides I've seen that have not involved drugs or drinking same problems here the same problems the county sheriff out there says unemployment violence work like a see saw in the mountains when jobs go down killings go up we're gonna press for the future of the start arguments and the kill each over over nothing second set of a factory a bill to cut crime right now half usually Kentucky has been one of the poorest parts of rural America for decades many of the mountain accounting of the highest per capita murder rates have the lowest per capita income again there's another relationship between appellation number because all of all of our city there you have it okay there you have it so please I understand that we want to maintain the image somehow that the other is doing this is just those black people in the city killing each other this is a black problem though it is not there is a family problem it's a culture problem and I will stress that as often as I can until somebody actually begins to address the issue with the seriousness that it deserves I would have a Rick Davis great guy friend of mine is also the owner and operator of the American bullion center tomorrow even wants to buy your old and antique gold jewelry as state diamonds quite collections old currency sterling silver items sets of flatware and haul.
"cbo" Discussed on Bloomberg Radio New York
"The cbo and i would suggest someone sympathetic to malpass economics dr hold zinc and said we have a vector of deficit to gdp it could be five percent or six percent or heaven forbid he said seven percent we can't allow that to happen how could we have trump tax reform and fiscal responsibility at the same i don't think that's exactly the right question the question should be our current tax code doesn't work it's simply blocks grow agree so that has to be fixed and then separately you can say but and our spending policies really need to be reformed from from the ground up there needs to be a budget process that works at debt limit that works who needs to be restrained by by politicians and on and on down the line and that's something the trump administration can work on but the the don't don't put that together with the tax reform that so we don't wanna combine a tax reform analysis where the fiscal policy us i've been good critical thing is to get the tax reform done done early so that people can begin investing in hiring the the critical goal remember from the beginning of the trump campaign was how'd you get more people employed the participation rate to go higher and get every bite wages to grow up so every time people are talking about policy that's the context you and kevin has of our frontline economists do you have a voice within the administration are you spend in your time jetting around the world i hope not on private jets you're on something more cost of a horrible unlike his other secretaries but argued jetting around internationally or do you and has ever voice administration certainly no i'm going to asia and i'll be flying back academy class drew has gone my doctor that secretary militia that were.
"cbo" Discussed on C-SPAN Radio
"Would look like in 2017 in this year so they modelled its seven years ago what they predicted then was very much inaccurate in that of cbo had in its baseline by 2017 there'd be thirty five million nonelderly individuals on the medicaid program under the current law baseline and of the under the affordable care act a fifteen million would be added to that number and if you recall all that it is when medicaid expansion was mandated under the legislation which of course turned out not to be true today we have sixty nine million nonelderly individuals on medicaid in chip of which thirteen have been made eligible by the aca so the individuals that st b o predicted would be receiving subsidies over in the marketplace in fact our in medicaid instead this legislation puts those two populations together so again now we would form a pool of twenty two million lives of which are relatively young and healthy and that would be the new pool again everyone keeps talking about how do we stabilise the premiums for this population we keep trying to throw more money at it well the solution is put more people into it that's what will truly stabilize the pool also have my remarks on the chip program again i was privileged to be twenty years ago with us chairman hatun senator grassley at the time to help create the chip program so i believe it is a great vehicle to use for that purpose to build upon that ended has the benefits of having structural already in place nice chip is a very popular programme people know what it is but it is also a cap the lot meant to the states it is flexibility to the states it is deep it is due ferring to the states on many of the decisions that have been made and i would suggest chip has been wildly pie popular on a bipartisan basis for twenty years the third a point of wanted to.
"cbo" Discussed on C-SPAN Radio
"The imf hacked on the deficit and not look at the impact on the on the issues you talk about medicaid the total number of uninsured what information could the cbo possibly provide you might make you support the grand cassidy bill well i actually expect that cbo with hate they're going to reinforce that studies that you just mentioned all of which i have digested over the past couple of weeks or at that cbo it's going to say that they simply don't have the time to do a thorough and that sped you remember when as cbo did they announced since the first senate pell and the house stella what's very thorough in analysing the impact on the number of people would lose insurance on the impact have changing pain medicaid program and by the way we've been making kingpins huge change it said medicaid without the benefit of extensive carrying send that's what we would wait need and i had so i don't know whether the cbo analysis we'll have new information and fab wade i change where i'm inclined to had uh but it is normally at the way we proceed is to look at the cbo analysis i'm i'm going to now tomorrow morning weather now cbo reinforces they concerns and reservations said i already hat based on studies that teams cited our weather cbo i it's going to say that they can't come up with the kind of indepth announced announces set the agency usually does or maybe therapy as surprised than they are i don't anticipate that bad i.
"cbo" Discussed on Radio Free Nashville
"We don't know because they're not gonna wait for cbo scores so i'm really worried that this was a plan for quite a while and that there now executing their plan to take away health insurance i'm continually confounded by the arcane rules in the senate and i remember bernie was doing the show when he had been in the house for years and and and when he moved over to the side of the first year or so that he was on people would call was senate rules questions and he would he would say you know i'm still trying to figure this stuff out with its a parent lee uh quite differ from the rules that you guys have in the house but i thought and and apparently i'm completely wrong on this i thought that if you were going to pass a piece of legislation using reconciliation that the burden the amendment rules for reconciliation use of reconciliation require that you demonstrate the you're not gonna raise the the uh the budget deficit after a decade or within a decade or both um and i thought that that required a cbo score his are they getting around this by saying that the other ten years everything goes zero so obviously it's not going to add to the deficit we're just going to end the medicaid is that what is that what's going on or are they gonna slip in a cbo score after its ghosts the reconciliation with the house or what your guess is as good as mine time that's the problem with this the fact that um they're not gonna do cbo scores that's pretty much unheard of right so we don't really know what we're voting on uh senator johnson from wisconsin was on um morning joe earlier this week and when they asked him questions it was very clear he doesn't know what in his bill or he doesn't want people to know what in his bill either way i find it problematic that he's either ignorant of the bill or deceitful about the bill but this is the.
"cbo" Discussed on WDRC
"Government of ones at that point in time now granted grant when you allow people to have more of their own money and allow them to invest it and allow people do what they want with their funds that in turn will increase this tax revenue down the road the cbo doesn't score things that way they don't so basically do you think that you're gonna get tax cuts or do you think it's going to be something else called tax reform because that's what they're really talking about they're calling it tax reform what types reform is is there just it's these people in power are looking to move things around as raziq a game of hide the taxes hi the taxes they don't want to decrease the amount of money that is coming in washington dc they don't want that at all these are all big government guys they want their money and they need their money they are all powerful in knowing so don't listen to any of the garbage out there that you're going to get any sort of tax cuts somebody's going to pay somebody is going to pay though no who it's going to be someone is going to get whacked at this why it is what it is that's what they're gonna do they may try to hide it in some way shape matter form but who you're trying to kid did you think that they're entered these interested at all in reducing the size of government now now added that's not what the swamp wants that's not with the establishment once they like their power they like the way things are right now and the ambiance emphasis gusted as you should be too you should be thoroughly disgusted by the events that this past we are debts y'all occurred are we got ways the debt ceiling because that's just what we do it's the right thing to do you know what every single denied that that that the sad thing about as they call it a debt ceiling or a debt limit there's no such thing because they raise it every single time it's it's not hard if he actually had honesttogoodness people really gave a darn about the country there in washington dc to get our fiscal house in order now more than ever people we need not any we need term limits but we need a balanced budget amendment we need to get these people under control you know what you need to.
"cbo" Discussed on WDRC
"And yatta yadav out a by doing what whether you have what solid right now nothing absolutely nothing and then you know we get republicans talking about as well is how we're going to pay for these tax cuts i always get a kick out of that how are we gonna pay for these tax cuts now what does that mean tax cuts are not permanent on my side guess the cbo says that they have to be uh they can't cause any further debt that means you can if they are going to do that then if it's going to cause more debt than you have to pass it through the regular means through the senate not using re re reconciliation and you have to get sixty votes which are going to be difficult for republicans to get this basic with george w bush did with his tax cuts remember how they expired just ten years were done ten years and they expired now why votes you pay for tax cuts by cutting spending why is there any conversation about cutting spending because they're cowards there are unwilling to do what is necessary they're unwilling to do the heavy lifting the put the work in that needs to be done they won't do it so what we're going to gather going to get a bunch of shuffling going on we're going to move the deckchairs around tax cuts it's not a tax cut you're just moving the taxes elsewhere that's all you're doing your your your point you're playing a game all but let's high the taxes somewhere where somebody can't see sears someone else is going to be hit at that point in time that's all that is ridiculous it really is and it's it's shameful this this supposed republican party that we have but as the it's pretty amazing most people are even aware of this and again let's let's imagine what our founding fathers would think about this americans on average spent more on taxes and two thousand sixteen than they did on food and clothing combined and it i'm going to say that again let that sink in with everybody the average americans spent more on taxes in two thousand sixteen than they did on food and clothing combined same data's is this coming.
"cbo" Discussed on KSFO-AM
"Have to realize the effective rate right now when you take the deduction it about twenty seven percent and it's still too high and we're not going to get an up bang for the buck and you know we're going to be stuck in a twopercent growth for you know for the foreseeable future fact my worry and there was really nothing i heard the eight from kevin brady that you know convinces me that that that that that you know we have a good chance of avoiding you know i am in my conversations with chairman brady i've talked to him about how i believe the cbo congressional budget office and they're static low ball growth estimates in this whole business of revenue neutrality really stops tax cuts or or damages the past ability of tax cuts and charges to follow up i mean i i say the cbo is part of the swamp great and the swamp needs to be drained according to travellers right so why not just drain the cbo how doll dole's there well three percent growth don't go revenueneutral go deficit nutro and clothing spending reductions in asset sales larry law the rest out give it away dakhli what was said the other night would be real clear people in the leadership position and you know you talk to cold it getting used to work against for the cbo rating with their director direct your right so um you know he either republican dole had the republican party unfortunately green i shades she's the wait is i've seen i think they are bad people they really worry about the deficit and late giving futuregeneration um the only way lay blame dead on future generations but you know larry ah you and i have factor with no uh you know you'll know you understand the numbers here if we don't get three percent growth right would never going to pay down the deficit guy at that is so true i will never you're right will never just steps the every once in a while i just have this dream that house speaker paul ryan who used to be a great supply sider is sitting in his office desk with a green i as cbo green icing which troubles me narsey jason share what other thing i want to add to this for we get your take.
"cbo" Discussed on KARN 102.9
"Be cancelled and yet the cbo is out there screeching it twenty two million people will lose their elder giorno we can do that that horrible that inhumane that nocombat no no it was civilised cbo guessing that if people didn't have to buy it they wouldn't which may make sense how many people have bought this rigmarole simple because the law requires them to how many people have actually engaged in this and gone and petered around inside one of these exchanges to come up with obamacare puddles because they had two so the idea that real removing the mandate requiring them to buy it is a good thing it is a re installation if you will of the degree of liberty and freedom we had before obamacare before obamacare yet didn't have the habit everybody wanted it but you didn't have to go buy it no matter what it costs you didn't have to buy it so the cbo says twenty two million people will lose their health insurance water gross miss statement of what would actually happen and of course with the absence of critical thinking being taught nobody concluded here the correct thing by the way that's enough to wild guess number the cbo just assumed that people would lose i ate at the wrong word cbo just assume people would cancel their policies if they didn't have.
"cbo" Discussed on WJR 760
"To the show hi hey you taking the com i'm just wondering would it be lipumba kid ran a if we scored the krill uh portable walked cure come only crawl uh obamacare if we scored it today to see if it really hit the um the hit the wall well not when you the cbo scores a proposal wait we know what we know it obamacare's doing itsates every day you can do an accounting of obamacare by the way there's there's no debate even from the left that it's failing right it's about what to do about it ravaged the question but remember the this the cbo right before the obamacare vote remember the cbo came out with it and it was in to their liking so they didn't release it until after the vote remember that mmhmm so uh how to do that that that was glass going back to two thousand ten uh but day you don't need the cbo is you what we know what the we know what the problems are in obamacare we know that obamacare is and working democrats no obamacare is and working uh you you know by the states you know by the states the accounting of the insurance companies that are stopping business in a number of areas across the country and how that is accelerating you know the increase in premiums we all know that yo we don't need the cbo does need to score and if he did the government we know uh because the government has to approve the rate hikes and so we see what the rate hikes are going to be from the insurance companies in obamacare so nothing is hidden now it's not like okay let's of cbo you know figure out what's going on on obamacare we get reports on that on a consistent basis and there's not a cbo report that would be any stronger uh or near as strong as what we're seeing in in our own daily scores of at all because that's what matters when you when you let's say that they worded go do that and there was a fairly accurate score it wouldn't mattered to the.
"cbo" Discussed on Anderson Cooper 360
"Yes last fame damp day hugest body finally broke by glasses get out of here you've got the holocaust look to call the police turkish governments names just moments ago the candidates spokesman issued a statement it reads quote tonight as greg was giving a separate interview in a private office theguardian'sbenjacobs entered the office without permission aggressively shove day recorder in griggs face and began asking badgering questions jacobs was asked to leave the statement continues after asking jacobs to lower the recorder jacobs declined greg then attempted to grab the phone that was pushing his face jacobs grab greg's wrist in spun away from greg pushing them both to the ground the statement concludes it's unfortunate that this aggressive behavior for many liberal journalists created this seen at our campaign volunteer barbecue the question been jacobs was asking when things mom things turned southi guess or sour was on today's congressionalbudgetoffice score of the houserepublican health care bill the cbo you heard of the cbo scoring of it in the whitehouse a lambing that scoring theories are these the cost in the impact a estimates the republicans did not wait for before passing revised gop bill to repeal and replace obamacarehere's the upshot of at the cbothecongressionalbudgetoffice says the number of uninsured people would increase by 23 million by two thousand twenty six compared to twenty four million under the original gopabillthecbo also found the bill of the house passed would save less money reducing deficits by hundred nineteen billion dollars over ten years versus one hundred fifty billion dollars under the original bill the whitehouse just released a statement saying history has proven the cbo to be totally incapable of accurately predicting how healthcare legislation will impact health insurance coverage thesenate is now as you know rewriting the housebillthe question is how will these numbers factor in if at all joining me now is robertrice former labor sectarian author saving capitalism for the many not the few also cnn senior economics analyst even more former senior economic advisor to the trump campaign i can guarantee there will be no body slamming during this interview a sector rice this new cbo score how much does it actually move the needle here too i think it does move the needle.
"cbo" Discussed on KTLK 1130 AM
"Download the free iheartradio app today is so what a great pleasure and privilege it is for me to be back this is one of those shows where i'm going into it looking at this little show sheet thing that i create realizing there is no way i'm gonna get through even half of all the stuff that i wanna talk with you about today but we'll do our very best and point let's let's start off with a couple of big news stories here first of all it appears that the congressional budget office in doing their scoring of the senate health care bill and i'm going to lead this out here for you and we'll go into it in more detail in the next with a special guests but what they seem to have done you know how they said had the cbo said that the senate healthcare bill was going to cause some number of millions fewer people to have health insurance nine or ten years from now and so when you say fewer twenty two million fewer americans with health and terrance well twenty two million fewer than what and it turns out believe it or not in what i think is just one of the most egregious examples of professional malpractice that really i've ever heard of from a government agency what they did was with the cbo did was compare share their estimate for the number of people who would be getting insurance through medicaid of the individual market the obamacare exchanges the compared it to their early twenty sixteen estimates but in fact cbo had new numbers actual numbers for the number of people who bought health insurance on the exchanges over 2016 which was much lower than they had estimated and the didn't use the real numbers for their comparison they didn't use actual 2017 numbers to compare their for the senate bill to instead what they used was just so shocking i can't even believe it instead what they used was erroneous 2016 estimates and when senator marco rubio asked the cbo will uae did you do that apparently the answer they gave him based on what he told reporter was they said they're busy oh my goodness wow now the.
"cbo" Discussed on WLAC
"That he could learn why and how they scored the way they did once the cbo scores it that mcconnell goes back to the drawing board they have to provide math cpr when they presenter scored a hattrick brazil their formulas for having shown how they arrived at the number so mcconnell wants to see be all scores that trojan horse bill can write a bill according to their math that they have to score positively does mcconnell think that way do you believe i was throwing this was a possibility could it be what we're dealing with here could mcconnell purposely written a bill that we get this score with this methodology so as to find out how they were going to score things what they're map was going to be an and take vat and write a new bill ending dare them to come up with the same score and thus expose what the studios don't just throwing it out i know the floor years the cbo is never going to scorning favorable the republicans what if mcconnell can expose that though what at the trojan bill exposes that the cbo is not nonpartisan does he even want to do that and these guys swear by the cbo look in omiya mr optimistic i'm just looking on the right side of hong ever there seems out character but i've never believed the cbo is nonpartisan never that the reactions i got to that were along the lines of russia given mcconnell too much credit is not that smart number one he doesn't care of this much about it and then people's that he doesn't want it to pass he likes the score from the cbo that it's gonna cost twenty two million people are going to lose their health care at all his money likes that because these republicans don't want to do that and by the way i give that theory some credence i mean you take a look at what's really happening ear is it not obvious that what what what is the republican recipe here what is the conservative recipes remiss it's not tinkering with medicare and it's not tinkering with medicate called the the conservative solution is to get rid of this to.
"cbo" Discussed on WSJ What's News
"Thanks for listening everyone stephanie how exactly did the cbo arrive at the figure of an additional twenty two million uninsured americans um well they carry out gary nario in terms of what they think will happen under the legislation for example the him that about half of the date would pursue a waiver that allows them to roll back the epa regulation don sure that for example require them to cover that they benefit there they are estimate and they are based on sort of white um the nonpartisan cbo project date um and um the government would do specifically under the bill i had the reduction in spending for medicaid but i'm like like i said the are projections and they're not written in stone wasn't one projection that the senate bill would is out or maybe this was in the bill itself the senate bill would says out enhance federal funding by the year two thousand twenty four to thirty one states that extended medicaid under the aca crafted from the bill would phase out on all the in in an federal funding for the thirty one st in washington dc that expanded medicaid medicaid expansion funding would in cape could opd continue it on their own but they would have to foot the bill which frankly a majority of state probably would not be able to do now the senate bill specifically would replace key parts of the with tax credits as well as these cuts to medicaid.
"cbo" Discussed on Erin Burnett OutFront
"He's not the only conservative with a lot of real concerns about whether or not the regulatory kind of cutback in here goes far enough so these numbers are important they are absolutely something centers were working towards but most importantly these senators coming out saying they will not vote for essentially a motion to move forward on the bill means that the negotiations behind closed doors what you've been ongoing for the last three or four days need to ramp up and speak there is no margin for error here they need to see progress they need to see action and they need to see actual provision that they feel like address their concerns soon or as you know this thing is not clear towards passage right now it's item clear procedurally torch factual final vote or amendment votes those are the things that are outstanding right now in the numbers tonight certainly didn't help that process not at all at that late break of course is and colin spring three which would be a defeat the way it is currently thank you fill ceremonies out front the white house and sarah the trump administration coming out slamming the report and slamming the cbo itself that's right this appears to be the white house's defense this evening to slam the nonpartisan congressional budget office on the radio portion of the statement they put out after that cbo score saying the cbo has consistently proven it cannot accurately predict how healthcare legislation will impact insurance premium insurance coverage the history of accuracy as demonstrated by its flawed report on coverage premiums and predicted deficit arising out of obamacare reminds us that its analysis must not be trusted it blindly and of course there were some differences and what the cbo projected what obamacare what affect obamacare actually had but people who worked with cbo people who are experts in this field say it's impossible to fully predict the effects of legislation perfectly.
"cbo" Discussed on NPR Politics Podcast
"And we are back and we are joined now by political reporter danielle kurtz laban danielle hi how are you oh i'm good and you're here with a forty nine page document where he nine pages including tables there's a there's a lot to go through here we killed so many trees just now yes but look but see i printed on the other side of use paper oh okay so what we are talking about here is the score from the congressional budget office of the senate healthcare bill which could be voted on as soon as the end of this week correct and that's quick what does this thing say all right so here the headline numbers you're probably going to be hearing and reading about over the next few days it says that over the next ten years the cbo usually uses the frame of a decade that this bill will lead to twenty two million more uninsured people than current law would this is slightly fewer than the house ahca would have that said twenty three million more would be uninsured in ten years it's still like millions of people that still a lot of people and really that increase would start next year quite quickly this cbo report says that fifteen million more people would be uninsured under the senate bill next year compared to current law now that is because it repeals the individual mandate the cbo says you'd have a bunch of people who just would say are at knocking to buy insurance then however after that things that would tend to increase the number of uninsured would include lower subsidies meeting people might decide well i don't have the money to buy this insurance i just won't and also by the way medicaid cuts which would end up taking people off the medicaid roles and medicaid is the health care program for the poor in america which was expanded under the affordable care act.
"cbo" Discussed on Pod Save America
"Uh-huh Tommy Vitor today we have a special guest West Virginia Senator Joe Manchin we're GonNa talk to him about the Senate bill on his colleague Senator Capito who has not announced whether or not she is voting for this bill but we're GONNA get to healthcare in a minute let's start with some housekeeping so there's a new pod save the people tomorrow and also there is a special episode of Ana Marie Cox Show with friends like these where she went to a trump rally and talk to them I highly recommend listened to be I I listen to over the weekend and she did a great job of just going and listening to people and trying to have a fact based conversation and I think it was Remar- you'll pull your hair out when you hear it best but you know it was useful exercise where people are coming from it was also really instructed to see like how much Fox News has just been internalized and regurgitated by so many people so many the things that you'll only see on like Tucker Carlson show our spouted back in these interview so it's worth listening check it out very cool very a cooler channel so before we get to healthcare some breaking news this morning the Supreme Court has agreed to hear the trump Muslim ban ACE and the Supreme Court stayed the lower court injunctions against the ban in a kind of convoluted way basically saying that the band in stand for now with the exception of people who have and this is the term they used a bona fide relationship with people in the United States you might be asking yourself what does that mean that's exactly what everybody else is asking so there seems to be a lot of stuff going on here that people are just parsing through this is partially about the effect of having Neal Gorsuch on the Supreme Court which is an unfairness we can barely stomach but also their desire to send a message to lower courts injunctions and also statement from the Conservatives of the court including Gorsuch Alito and Thomas starting to speak to their belief that the on the merits trump will prevail. I mean this is remember that this thing was sold to us as necessary because of some sort of urgent threat from refugees coming from overseas from Individuals in these countries it was sold as one hundred and twenty day ban on day one hundred fifty five so that threat that urgency hasn't really panned out despite the nights ricketts ruling and the other efforts to slow this thing down so these guys are full of Shit is what I'm trying to say but this room courts going to hear him out yeah I mean not much more to add on this for now it's obviously a deeply concerning this court seems to be hinting at a willingness to let this order stand and we're about to see a crazy administrative nightmare as people try to prove that they have a relationship with someone in the US in order to come here these are the pits in your stomach we're gonNA feel for the entirety of the first term of the trump administration because we're reading about this news on the day there's also rampant speculation about Justice Kennedy possibly stepping down announcing his retirement and that would mean trump has to fill another seat so that speculation no one has any idea but it's just a reminder that we've gotta get our asses in gear and win the midterms because this is serious business and I am not allowing my stomach to experience the speculation of and then Kennedy's got downstairs Delicious Breakfast Burrito thank you Tommy you're welcome so we're obviously going to keep an eye on that situation but obviously the big story this week is healthcare I have written much worse much worse I have written in my outline because John's on the line while he's gone CBO brother where art I liked that a lot we are waiting for the CBO score it is likely to come out today by all accounts it will show that millions if not tens of millions will lose coverage there was a story in Yahoo Breaking this down Gary Claxton the director of the health care marketplace program at the Kaiser Family Foundation said fifteen or more million will likely lose coverage also a conservative you've analysts said I'd expect coverage to be eighteen to twenty million fewer than under obamacare he then went on to say why he doesn't agree with that number but of course he doesn't he believes in the magic doc of whenever the hell trickled healthcare economics so it anticipation of the CBO score coming out the administration and its allies went out to defend the bill this this weekend and they told a series of lies that were absolutely gobsmacked here a few of them and amazingly Kellyanne Conway told George Stephanopoulos that there aren't Medicaid cuts in this bill and that is the least agrees Wi that was told this weekend right because they claim not a cut it's just we're spending less than we otherwise would have spent it's bullshit if you're expecting money to come next year and then you find out less money as coming I think you'd feel as though you're her salary had been cut and you're also assuming that no more people will get sick and that prices won't go up on all the things were paying for exactly Tom Price HHS secretary told in a bash we would not have individuals lose coverage that's ally Pat Toomey told John Dickerson the Senate bill will codify and make permit indicate expansion which is exactly the opposite of what it would do it ends the Medicaid expansion and he said no one loses coverage again ally Sean Acer in a briefing on Friday that was not on camera because they don't WanNa be on tape lying and the White House Correspondents Association is unable to muster a response is to what this administration is doing. But I digress Spicer said trump is quote committed to making sure that no one currently is in Medicaid in the Medicaid program is affected in any way which is reflected in the Senate bill and he's pleased with that so every part of that is a lie so here's why they're lying a poll by the Kaiser family found Asian found that Medicaid not only as an eighty four percent approval rating among Democrats it has a seventy six percent approval rating among independence and a sixty one percent approval rating among Republicans and the exact same poll we discover that only thirty eight percent of people are aware that the GOP healthcare plans cut Medicaid because a they've been lying about it be places like Fox News Aren't telling the truth or simply not covering the facts and see Mitch McConnell's plan to keep the bill under wraps has been pretty effective So Tommy were waiting for the CBO score today we're going to keep an eye on it if it happens during the show do you think that the CBO score and the bill becoming public will get people more focused on us I think it will but I think you know our windows so small that it it's it's going to take a Herculean effort to push back I mean we're in a place now where we're relying on all senators and we're relying on public pressure from the grassroots to swamp like you know the coke brothers are talking about spending three hundred million dollars in the midterm election sexy or so the donor class I mean I I read a statistic today that four hundred individuals who will get a tax cut under this bill or the equivalent of Medicaid expansion in like four or five including West Virginia cleaning West Virginia so that those are the stakes of what we're talking about we need these guys to to take fairly politically courageous vote when it comes to local pressure from McConnell from their big donors in listen to their constituents in like Shit I wish I thought that I knew how this is going to go but I don't I don't know anymore yeah I mean the the Joe John Cornyn today said that they are that they are closing the door on a delay in the vote now that is worrying home for the July fourth recess. They don't come back because I did vote for this bill in part because of what everybody's been telling to put pressure on these people so let's about where we are with the politics and with the vote remember we need three they need they need to get fifty fifty In the Senate so that Mike Pence to break the tie so we need to pry off three Republicans because we've had unanimity among the Democrats for Conservatives Mike Lee Ted Cruz Ron Johnson and ran all said they were not ready to support the bill Mike Lee on Friday said something very interesting in a medium post and he said this far short the repeal the Senate Bill Keeps the Democrats broken system intact just with less spending on the poor to pay for corporate bailouts and tax cuts a cynic might say that the Senate bill is less a Republican healthcare bill than a caricature of a Republican health care bill and yet he does go on to say after all that for all that I have not closed the door on voting for some version of it in the end Jonathan Swan axios who has really been running the story the ground reported yesterday that a widely held view in McConnell world is that he doesn't start fifty two republicans he starts with fifty one many view Rand Paul as a lost cause and someone who has never gettable now that could be posturing that could be sending a signal that could be into kind of make the bill seem more engaged than it is but regardless Tommy how quickly do you think these right wingers are GonNa fold these stories are scary I worried yeah no can get changed slightly allow these guys to take a win and so they're already talking about carving out a special deal for Alaska that would change the way certain pricing occurred as a giveaway you those senators and get their votes this happened under obamacare Ben Nelson custody of those called the corn husker kickback ultimately it took weeks in months of political pressure to turn that from an asset to a liability for him but that time just doesn't exist here and that is what scares me it should scare everyone out there that we have basically four days we're trying to paint a picture here of just how damaging this bill would would be and we are backed by the facts we are backed by the evidence we're going to be backed by CBO score but another important thing to remember is there's a really complicated issue and it's a really complicated bill and it was written in secret and it is just now hit the light of day the reason we have a big process the reason we have politics is is it actually does matter that everybody gets a look at this because they might not have thought of everything they know the unintended consequences huge mistake drafting errors for care around up in the Supreme Court drafting errors look that the democratic process or passing Obamacare was incredibly intensive and public and scrutinized and all the rest but even still because the because of the way the bill had.