Committee for a Responsible Federal Budget
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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.

Lieberman and Collins Stand Up for Fiscal Responsibility

Yesterday the Senate voted on two highly polarized tax plans, with a Democratic version passing 51-48 while the Republican supported bill failing to...
Jul 25, 2012 | Taxes

Online Sales Tax Debate Heats Up

Last week, our "Spotlight on the States" blog post highlighted structural challenges for the states, one of them being an eroding sales tax...
Jul 25, 2012 | Taxes

Comparing the Unpaid-For Tax Cut Extensions

The Senate is set to vote in the coming days on dueling one-year extensions of the 2001/2003/2010 tax cuts and Alternative Minimum Tax patch, with...
Jul 24, 2012 | Health Care

Updated Estimates of the Affordable Care Act

Today, the Congressional Budget Office released two reports revising estimates for the Affordable Care Act (ACA). The first report provides updated...
Jul 24, 2012 | Economics

It's Not Free Money

Paul Krugman and other advocates of more federal stimulus spending cite today’s extremely low real interest rates, near zero or negative, as...
Jul 24, 2012 | Social Security

AARP Event Discusses Population Aging Across the Globe

The American Association of Retired Persons (AARP) hosted an event entitled "Work, Retirement Age, and Fiscal Sustainability in an Aging World....

GAO: The Debt Limit Fight Cost the Treasury $1.3 Billion

With the debt ceiling projected to come back in play sometime in December or January, it is helpful to be reminded of the cost of the last debt...
Jul 23, 2012

The IMF Looks at International Fiscal Rules

A new working paper by four authors at the International Monetary Fund takes a look at fiscal rules around the world. The Peterson-Pew Commission on...
Jul 20, 2012

Support for the Campaign to Fix the Debt

With the roll out of the Campaign to Fix the Debt on Tuesday, there has been plenty of statements of support, as our newest release shows. Some of...
Jul 19, 2012 | Budgets & Projections

Bernanke Once Again Warns Congress on the Fiscal Cliff

Federal Reserve Chairman Ben Bernanke addressed Senate Finance Committee on Tuesday and the House Finance Committee yesterday with more warnings...

Children and the Federal Budget

The Urban Institute held an event today (video here) on children and the federal budget, which involved CRFB Senior Policy Director Marc Goldwein and...
Jul 18, 2012

Fix the Debt Event Recap

Yesterday, the Campaign to Fix the Debt officially launched with a press conference at that National Press Club. The Campaign is intended to drum up...
Jul 18, 2012 | Budgets & Projections

Appropriations Update: The Parallel Track of the Process

Since our last Appropriations Update last month, there has not been much action on appropriations bills. On the House side, the full House has passed...
Jul 18, 2012

Spotlight on the States: Structural Challenges

The State Budget Crisis Task Force -- a group of budget experts including the likes of former CBO and OMB director Alice Rivlin, former Federal...
Jul 17, 2012

The Launch of the Campaign to Fix the Debt

Update: C-SPAN has uploaded a video of the event. You can view it here.Today, CRFB is helping to launch the Campaign to Fix the Debt at the National...
Jul 16, 2012 | Social Security

Options for Reforming Disability Insurance

We have said before that the Disability Insurance (DI) portion of Social Security is too often overlooked, even though it has a more immediate...
Jul 16, 2012 | Budgets & Projections

CRFB Dives Deeper Into the Fiscal Cliff

After the report we released in March, the topic of the fiscal cliff has risen in prominence as CBO and others have attempted to estimate the size of...
Jul 16, 2012 | Budgets & Projections

Judd Gregg: Five keys to a better budget

In an op-ed in The Hill, former Sen. Judd Gregg (R-NH) argues that whoever is President next year should eschew the standard President's budget--...

How Does the Fiscal Cliff Compare to Past Deficit Reduction in the U.S.?

In evaluating the fiscal cliff, it is interesting to see how it compares to past cases where the federal government has rapidly reduced deficits. The...
Jul 13, 2012 | Budgets & Projections

Fiscal Fact Checker: What Caused the Swing From Surplus to Deficit?

The Hill points to a press release by Senator (and former OMB director) Rob Portman (R-OH) that claims the upper-income portion of the 2001/2003...

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