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Blog

Welcome to our blog – The Bottom Line, where you’ll find up-to-date commentary and analysis on the most important news in the fiscal world. Below is a list of our blog posts.

Concept_Budget
Jun 21, 2018 | Budgets & Projections

How the House Could Meet the Budget Resolution's Reconciliation Instructions

The FY 2019 House budget resolution calls for $6.5 trillion of policy savings over ten years, but the true action is in the reconciliation...
Maya MacGuineas
Jun 21, 2018 | Budget Process

Maya MacGuineas: Rescission Fight About Much More than a Few Billion Dollars

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an ...
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Jun 21, 2018 | Other Spending

Did the U.S. Really Spend $7 Trillion on Middle Eastern Wars?

In a roundtable in Minnesota yesterday, President Donald Trump claimed "we have $7 trillion in the Middle East", a rephrasing of his previous claims...
Concept_Capitol Building_Money
Jun 20, 2018 | Budgets & Projections

Goldman Sachs Warns that the US Fiscal Outlook is “Not Good”

In a report released last month by Goldman Sachs, Chief Economist Jan Hatzius describes the U.S. fiscal outlook as “not good.” If left unchanged...
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Jun 19, 2018 | Budgets & Projections

Summarizing the FY 2019 House Budget Resolution

House Budget Committee Chairman Steve Womack (R-AR) released his Chairman's Mark of the House FY 2019 budget resolution. The budget resolution calls...
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Jun 19, 2018 | Other Spending

Appropriations Watch: FY 2019

Last Updated 6/22/2018 Congress began appropriations work for FY 2019 in April. The enactment of the 2018 Bipartisan Budget Act increased defense...
Jun 18, 2018 | Other Spending

Options for the Pension Committee to Consider

As we recently explained, proposals from the Joint Select Committee on Solvency of Multiemployer Plans could include considerable costs. The Joint...
Taxes_1040 Form
Jun 15, 2018 | Taxes

After Tax Reform, Tax Expenditures Remain Costly

The Joint Committee on Taxation (JCT) recently released its latest tax expenditure estimates. The report shows that despite the 2017 tax law, ...
Health Care_Paperwork
Jun 12, 2018 | Health Care

Medicare Advantage Proposal Reforms Benefits and the Bidding Process

The Medicare Trustees recently delivered a reminder of the importance of reducing Medicare costs. As Steven M. Lieberman, Loren Adler,...
Health Care_Children
Jun 11, 2018 | Other Spending

CRFB on Facing the Future: Federal Investment in Children is Dwindling

Children are getting an increasingly small share of the federal budget, even as we are burdening them with immense debt. In an episode of the Concord...
Jun 8, 2018 | Budgets & Projections

Gene Steuerle: Why Government Budget Estimates Are Often Wrong

Dr. Eugene (Gene) Steuerle is the Richard B. Fisher chair and Institute Fellow at the Urban Institute and a member of the Committee for a Responsible...
Jun 8, 2018 | Social Security

Marc Goldwein: As Demagogues Squawk, Clock is Ticking on Social Security

Marc Goldwein is the Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget. He recently wrote an ...
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Jun 8, 2018 | Social Security

WATCH: What's Next for Social Security?

The Social Security Trustees released their latest projections and findings this week on the financial state of the program. On Friday, June 8, the...
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Jun 8, 2018 | Social Security

Design Your Own Social Security Plan

Social Security provides income security to millions of beneficiaries, but is on a road toward insolvency. The latest official projections show...
Concept_Debt_pennies
Jun 7, 2018 | Other Spending

Does the Rescissions Bill Cut $15 Billion in Spending?

The President recently updated and revised his request to rescind some spending, removing some cuts from the proposal and clarifying others....

Mitch Daniels: That Entitlements Can is Getting Heavier, and We’re Running Out of Road

Mitch Daniels is the president of Purdue University, a former governor of Indiana, a former director of the Office of Management and Budget, and a co...
Jun 6, 2018 | Social Security

How Old Will You Be When Social Security's Funds Run Out?

The Social Security Trust Funds are on a path to run out. Use this tool to find out what you stand to lose unless Washington acts. If you're...
Social Security_Card_Money
Jun 5, 2018 | Social Security

A Quick Take on the 2018 Social Security and Medicare Trustees Reports

The Social Security and Medicare Trustees have released their reports on the financial state of the respective programs. Below is...
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Jun 5, 2018 | Other Spending

VA Cap Adjustment Could Cost Over $55 Billion

The VA MISSION Act that passed both Houses of Congress last month may get a whole lot more expensive. As part of the Veterans Affairs (VA)...
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CBO Economic Forecasts Are Similar to the Consensus, Unlike OMB

The Congressional Budget Office's (CBO) analysis of the President's Fiscal Year (FY) 2019 budget found that the President's policies would still...

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