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.

Jun 5, 2012 | Budgets & Projections

CRFB Comments on the CBO Outlook

CRFB's newest paper dives into the set of projections underlying CBO's Long Term Budget Outlook. The report shows two very divergent paths...
Jun 5, 2012

Line Items: Summertime Edition

Heat Is On – Summer had its traditional kick-off with Memorial Day weekend and the temperatures in DC rose to the occasion. If only the same...
Jun 5, 2012 | Budgets & Projections

CBO's Long Term Outlook Has Arrived

The much-anticipated CBO Long-Term Budget Outlook has been released this morning, projecting what the budget will look like over the next 75 years....
Jun 4, 2012 | Social Security

The Facts on Social Security Reform and Intergenerational Equity

UPDATED: The table now also includes average scheduled benefits in 2050.A scuffle between Social Security advocacy groups and Fiscal Commission co-...
Jun 4, 2012 | Economics

Bill Bradley Joins the Announcement Effect Club

Already a member of the Basketball Hall of Fame, former Sen. Bill Bradley (D-NJ) joined another exclusive club over the weekend: the Announcement...
Jun 4, 2012 | Taxes

A Broken Tax Code

The IRS's Spring 2012 Bulletin has a report, as required by law, by Justin Bryan reporting that 20,752 tax returns for people with adjusted gross...
Jun 1, 2012 | Taxes

Should Tax Reform 'Go Long'?

Go long or go prudent? These are the competing views of tax reform, according to Howard Gleckman in a Tax Policy Center blog post. He sums up the...
May 31, 2012 | Other Spending

The Sequester and War Spending

An article in The Hill warns that war spending may be in jeopardy because of the sequester. Apparently, the Pentagon has reversed its position on the...

Dynamic Scoring Explained

What is dynamic scoring? How are legislative proposals currently scored? CRFB's latest policy paper details the process and methods that the...
May 30, 2012 | Social Security

Social Security Disability Insurance Should Not Be Ignored

Brian Faler of Bloomberg has an article about the unwillingness of lawmakers to address Social Security's Disability Insurance program. Although the...
May 30, 2012 | Taxes

A Response to Holtz-Eakin's Four Steps for Tax Reform

Last week, we wrote about American Action Forum president and former CBO director Doug Holtz-Eakin's four steps for tax reform. These involved:Agree...
May 29, 2012 | Taxes

Good News for a Deal?

A Washington Post article late last week detailed a number of current Republican members of Congress or Congressional candidates who are foregoing...
President Obama
May 29, 2012 | Budgets & Projections

Fiscal Fact Checker: How Much Has Spending Increased Under President Obama?

Update: The text has been updated to include spending growth numbers for President Bush excluding financial rescue programs. An article by Rex...
May 29, 2012 | Budgets & Projections

Minnesotan Praise for "Debate the Debt"

CRFB has called for this year’s presidential candidates to "Debate the Debt" by dedicating one of the three presidential debates to...
May 25, 2012 | Taxes

The Wrong Fight on Taxes

The Hill has an article today detailing infighting within the Democrats over what to do with the 2001/2003 tax cuts. The position expressed by...
May 25, 2012

Good News on the Fiscal Cliff?

Each day the Fiscal Cliff gets closer and closer, adding more uncertainty to our economic situation. But, as Deutsche Borse Group reports today,...
May 24, 2012

USA Today Accounts for Unfunded Liabilities

The USA Today has an interesting article on the "real federal deficit" for 2011. They say that the $1.3 trillion is dwarfed by a more...
May 23, 2012 | Taxes

How to Make a Deal, Tax Reform Edition

In a blog post cross-posted at Tax Policy Center and Forbes, Howard Gleckman summarizes a talk that American Action Forum president and former CBO...
May 22, 2012 | Budgets & Projections

CBO Joins the Cliff Estimating Game

Estimates of the fiscal cliff that is set to occur at the end of the year have been popping up in recent weeks. Now CBO has lended its voice to the...
May 22, 2012

Line Items: Social Network Edition

Much Not to ‘Like’ – Facebook had its initial public offering (IPO) on Friday. The hype surrounding the offering illustrated the...

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