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U.S. Rep. Ron Paul
Congressional Budget Office

Book of Ron Paul


Congressional Budget Office
English Language Fluency Act
10 September 1998    1998 Ron Paul 96:1
Mr. PAUL. Mr. Chairman, I appreciate the opportunity to express my opposition to H.R. 3892, the English Language Fluency Act. Although I supported the bill when it was marked-up before the Education and Workforce Committee, after having an opportunity to study the Congressional Budget Office (CBO)ís scoring of H.R. 3892, I realized that I must oppose this bill because it increases expenditures for bilingual education. Thus, this bill actually increases the Federal Governmentís role in education.

Congressional Budget Office
Introducing The Davis-Bacon Repeal Act
11 February 1999    1999 Ron Paul 7:7
The most compelling reason to repeal Davis-Bacon is to benefit to the American taxpayer. The Davis-Bacon Act drives up the cost of federal construction costs by as much as 50 percent. In fact, the Congressional Budget Office has reported that repealing Davis-Bacon would save the American taxpayer almost three billion dollars in four years!

Congressional Budget Office
Teacher Empowerment Act
20 July 1999    1999 Ron Paul 81:1
Mr. PAUL. Mr. Chairman, I rise reluctantly to express my opposition to the Teacher Empowerment Act (H.R. 1995). Although H.R. 1995 does provide more flexibility to states than the current system or the Administrationís proposal, it comes at the expense of increasing federal spending on education. The Congressional Budget Office (CBO) estimates that if Congress appropriates the full amount authorized in the bill, additional outlays would be $83 million in Fiscal Year 2000 and $6.9 billion over five years.

Congressional Budget Office
Free Housing Market Enhancement Act
July 16, 2002    2002 Ron Paul 70:1
Mr. Speaker, I rise to introduce the Free Housing Market Enhancement Act. This legislation restores a free market in housing by repealing special privileges for housing-related government sponsored enterprises (GSEs). These entities are the Federal National Mortgage Association (Fannie), the Federal Home Loan Mortgage Corporation (Freddie), and the National Home Loan Bank Board (HLBB). According to the Congressional Budget Office, the housing-related GSEs received $13.6 billion worth of indirect federal subsidies in fiscal year 2000 alone.

Congressional Budget Office
Department of Homeland Security
26 July 2002    2002 Ron Paul 80:7
We have also received a Congressional Budget Office (CBO) cost estimate suggesting that it will cost no less than $3 billion just to implement this new department. That is $3 billion dollars that could be spent to capture those responsible for the attacks of September 11 or to provide tax-relief to the families of the victims of that attack. It is three billion dollars that could perhaps be better spent protecting against future attacks, or even simply to meet the fiscal needs of our government. Since those attacks this Congress has gone on a massive spending spree. Spending three billion additional dollars now, simply to rearrange offices and command structures, is not a wise move. In fact, Congress is actually jeopardizing the security of millions of Americans by raiding the social security trust fund to rearrange deck chairs and give big spenders yet another department on which to lavish porkbarrel spending. The way the costs of this department have skyrocketed before the Department is even open for business leads me to fear that this will become yet another justification for Congress to raid the social security trust fund in order to finance pork-barrel spending. This is especially true in light of the fact that so many questions remain regarding the ultimate effect of these structural changes. Moreover, this legislation will give the Executive Branch the authority to spend money appropriated by Congress in ways Congress has not authorized. This clearly erodes Constitutionally- mandated Congressional prerogatives relative to control of federal spending.

Congressional Budget Office
Fannie Mae and Freddie Mac Subsidies Distort the Housing Market
September 10, 2003    2003 Ron Paul 95:2
I hope this committee spends some time examining the special privileges provided to GSEs by the federal government. According to the Congressional Budget Office, the housing-related GSEs received 13.6 billion worth of indirect federal subsidies in fiscal year 2000 alone. Today, I will introduce the Free Housing Market Enhancement Act, which removes government subsidies from the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the National Home Loan Bank Board.

Congressional Budget Office
Introducing Free Housing Market Enhancement Act
10 September 2003    2003 Ron Paul 96:1
Mr. PAUL. Mr. Speaker, I rise to introduce the Free Housing Market Enhancement Act. This legislation restores a free market in housing by repealing special privileges for the housing-related government sponsored enterprises (GSE). These entities are the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the National Home Loan Bank Board. According to the Congressional Budget Office, the housing-related GSEs received 13.6 billion worth of indirect Federal subsidies in Fiscal Year 2000 alone.

Congressional Budget Office
Government Sponsored Enterprises
26 October 2005    2005 Ron Paul 108:1
Mr. PAUL. Mr. Chairman, H.R. 1461 fails to address the core problems with the Government Sponsored Enterprises, GSEs. Furthermore, since this legislation creates new government programs that will further artificially increase the demand for housing, H.R. 1461 increases the economic damage that will occur when the housing bubble bursts. The main problem with the GSEs is the special privileges the Federal Government gives the GSEs. According to the Congressional Budget Office, the housing-related GSEs received almost 20 billion dollars worth of indirect federal subsidies in fiscal year 2004 alone.

Congressional Budget Office
Federal Housing Finance Reform Act Of 2007
17 May 2007    2007 Ron Paul 52:1
Mr. PAUL. Mr. Chairman, H.R. 1427 fails to address the core problems with the Government Sponsored Enterprises, GSEs. Furthermore, since this legislation creates new government programs that will further artificially increase the demand for housing, H.R. 1427 increases the economic damage that will occur from the bursting of the housing bubble. The main problem with the GSEs is the special privileges the Federal Government gives the GSEs. According to the Congressional Budget Office, the housing-related GSEs received almost 20 billion dollars worth of indirect Federal subsidies in fiscal year 2004 alone, while Wayne Passmore of the Federal Reserve estimates the value of the GSEís Federal subsides to be between $122 and $182 billion dollars.

Texas Straight Talk


Congressional Budget Office
Overall Review
27 December 1999    Texas Straight Talk 27 December 1999 verse 7 ... Cached
Unfortunately, the leadership of my own party has not been successful in attempts to curtail the President's plans for an ever-expanding federal leviathan. In fact, the Congressional Budget Office is constantly pointing out how they are appropriating more money even than the President asks for in his budget requests. This is a sad state of affairs.

Congressional Budget Office
Spending, Tax Cuts, or Debt Reduction?
25 September 2000    Texas Straight Talk 25 September 2000 verse 4 ... Cached
Last week I voted to support the "Debt Relief Lockbox Reconciliation Act," legislation designed to insure that any 2001 Social Security and Medicare surpluses are not spent on unrelated federal programs. The Congressional Budget Office projects that the Social Security and Medicare programs will have a combined surplus of approximately $198 billion in the coming year. Until Congress passes tax reform legislation that returns any surplus dollars to taxpayers, I will support efforts to prevent revenue-hungry politician and bureaucrats from spending your retirement and health care surplus dollars on pork-barrel projects.

Congressional Budget Office
What Happened to the Surplus?
20 August 2001    Texas Straight Talk 20 August 2001 verse 3 ... Cached
The congressional budget office recently released figures showing that the projected federal budget surplus for this year will be $75 billion less than originally forecast. Some economists and politicians believe the federal government could slip into deficit spending in 2002, and that the Social Security and Medicare trust funds could be threatened if revenues do not increase. Yet the facts about federal revenues and spending are often obscured in the debate, and the reality of government irresponsibility goes unreported.

Congressional Budget Office
Paying Dearly for Free Prescription Drugs
06 October 2003    Texas Straight Talk 06 October 2003 verse 5 ... Cached
Furthermore, the Medicare drug benefit gives private companies a perverse incentive to dump their existing prescription coverage and force retirees into the government system. Many large companies already have badly underfunded pension plans. As more and more Baby Boomers retire, these companies will face serious financial crises. They will naturally seek to cut costs by eliminating drug coverage; some companies already have announced their intention to do so when the Medicare drug benefit becomes available. In fact, the Congressional Budget Office estimates that at least one-third of all retirees will lose their private drug coverage and becomes wards of Medicare.

Congressional Budget Office
Medicare Plunder
24 November 2003    Texas Straight Talk 24 November 2003 verse 4 ... Cached
The vast majority of older Americans already have private prescription drug coverage that they donít want changed, and this 78% of seniors may well lose their good private coverage altogether. In fact, the governmentís own Congressional Budget Office estimates that at least one-third of all private companies will dump their retirees into the Medicare system as a result of the new bill. Big corporations love the Medicare drug plan, because they want to shift the responsibility for providing drug benefits to their retirees onto taxpayers. Dozens of major companies shamelessly advertised in the Washington Times and elsewhere in support of the Medicare bill for this very simple reason. Their pension plans are dangerously underfunded, so naturally they use their lobbying influence to promote a Medicare drug system. In this sense the Medicare bill is a taxpayer-funded corporate bailout for hundreds of American companies.

Congressional Budget Office
Spending and Lying
02 February 2004    Texas Straight Talk 02 February 2004 verse 2 ... Cached
The Congressional Budget Office issued a sobering report last week showing that federal debt, already more than $7 trillion, will increase $2.4 trillion by the end of this decade. The single-year deficit for 2004 will be nearly $500 billion.

Texas Straight Talk from 20 December 1996 to 23 June 2008 (573 editions) are included in this Concordance. Texas Straight Talk after 23 June 2008 is in blog form on Rep. Paul’s Congressional website and is not included in this Concordance.

Remember, not everything in the concordance is Ron Paul’s words. Some things he quoted, and he added some newspaper and magazine articles to the Congressional Record. Check the original speech to see.



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