2025 Budget Review Shows We Can’t Afford To Extend ‘Temporary’ Obamacare Subsidies
Christopher Jacobs
CBO’s review of the 2025 fiscal year shows Republicans have every reason to reject Democrats’ demands to end the ‘Schumer Shutdown.’
Are you the kind of person who likes to spend $4 for every $3 you take in? If so, your financial management “skills” might qualify you to run for Congress. With people like that running the show, is it any wonder that interest costs on our national debt surpassed $1 trillion last year for the first time ever?
The Congressional Budget Office (CBO) review of the fiscal year that just concluded on Sept. 30 provides one of many reasons why Republicans should reject Democrats’ demands to end the “Schumer Shutdown” — namely, a permanent extension of enhanced Obamacare subsidies as part of $1.5 trillion in spending. While most Republican lawmakers won’t win any awards for fiscal rectitude, on this issue at least, they’re exhibiting the courage not to make a bad situation worse.
Same Song, Yet Another VerseAll told, CBO concluded that the budget deficit in the most recent fiscal year exceeded $1.8 trillion, a mere $8 billion (less than a fraction of 1 percent) less than in fiscal 2024. There were various timing shifts underlying those numbers; both revenue and expenses normally paid in fiscal 2023 got shifted into fiscal year 2024, which slightly alters the comparisons between fiscal 2024 and fiscal 2025 (the year just concluded).
But on the whole, looking at this chart from the CBO report, can you tell the difference between the budget deficit under the last two years of Joe Biden’s presidency and the first eight or so months under Donald Trump?
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https://thefederalist.com/2025/10/14/2025-budget-review-shows-we-cant-afford-to-extend-temporary-obamacare-subsidies/
