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.

When It Comes to Deficit Reduction, Timing Matters

The news that Britain has entered into a double-dip recession touched off a fierce debate last week over the role of austerity in the country's...
Apr 30, 2012

Americans Have Their Say in Reducing the National Debt

The politicians don't seem to want to budge on the budget, but our simulator is allowing the public to nudge them along.The results from the...
Apr 30, 2012 | Taxes

What Will Congress Do With the Tax Extenders?

Last week, the House Ways and Means Subcommittee on Select Revenue Measures held a review of "tax extenders" -- tax provisions that have...
Apr 27, 2012 | Budgets & Projections

MacGuineas: Make Candidates Debate the Debt

Today, we are launching DebateTheDebt.org, a site where you can sign a petition calling for a real debate devoted to the debt. In that vein, CRFB...

How Is the House Replacing the Sequester?

Update: CBO has posted scores for the Energy and Commerce and Oversight bills. They would save $113 billion and $83.3 billion, respectively, over ten...
Apr 26, 2012

CRFB’s Simulator: A Tool for Fixing the Budget

To hear the news coming out of Washington, finding the route to fiscal stability can be pretty hopeless as our leaders all steer in different...

Chairman Bernanke Addresses the Fiscal Cliff

Federal Reserve chairman Ben Bernanke held a press conference yesterday following the conclusion of the Federal Open Market Committee meeting....
Apr 26, 2012 | Social Security

Jim Kolbe and Charlie Stenholm: Congress Cannot Afford to Punt on Social Security

Today, two of CRFB's co-chairman, former Representatives Charlie Stenholm (D-TX) and Jim Kolbe (R-AZ), penned an op-ed in The Hill, saying that...
Apr 25, 2012

Comparing the House and Senate Agriculture Changes

Recently, both the House and Senate proposed cuts to the Department of Agriculture. Though the proposals are fairly similar in magnitude, they...
Apr 25, 2012 | Social Security

A Hypothetical Debate on Social Security

A new article from Jeffrey Brown of Forbes succinctly captures much of the debate around the findings of the Social Security Trustees report. In many...
Apr 24, 2012

CRFB Co-Chairman Bill Frenzel Calls for Debt Debate

Bill Frenzel, CRFB co-chairman and former ranking member on the House Budget Committee, made a convincing case for a Presidential debate on specific...
Apr 24, 2012 | Health Care

The Medicare Trustees Report

While we have already broken down the Social Security Trustees report, the Trustees have also produced a report for Medicare. Considering that health...
Apr 24, 2012

Line Items: Play Off Edition

Play On – The NHL playoffs are under way. The Red Wings were clipped, the Sharks sunk, the Canucks cannot, and the Penguins were iced. In...
Apr 24, 2012 | Social Security

CRFB Breaks Down the Social Security Trustees Report

With the release of Trustees reports on Social Security and Medicare, CRFB has released its analysis of the Social Security report, breaking down the...

Any Minute Now....

The Social Security and Medicare Trustees have signed off on their respective reports on the financial projections for the two programs, though we...
Apr 20, 2012 | Budgets & Projections

A Closer Look at Food Stamps

In addition to the infographic CBO released yesterday, it also released a detailed new report on the Supplemental Nutritional Assistance pood stamp...
Apr 20, 2012 | Taxes

How Would Governor Romney Pay For His Tax Cuts?

Among the many policies Governor Romney has proposed in his run for President are substantial reductions in tax rates for individuals, including a 20...
Apr 20, 2012 | Budgets & Projections

CBO's Economic Analysis of the President's Budget

Although CBO's analysis of the budgetary effects of the President's budget was released last month, today they released a very useful report...
Apr 19, 2012 | Budgets & Projections

CBO Rolls Out Four New Budget Infographics

More often than not, pictures can demonstrate a problem or issue better than the raw data can. CBO has taken that to heart and recently released four...
Apr 18, 2012 | Taxes

No Tax Cuts Without Offsets

The House is set to move forward on legislation that would enact a tax cut for small businesses. The Small Business Tax Cut Act (HR 9) allows...

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