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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.

Oct 19, 2009 | Budgets & Projections

How the CBO Estimates Cost

UPDATE: Pete Davis and Donald Marron commented on this story and defend the CBO as the best way to estimate cost. Douglas Holtz-...
Oct 19, 2009

One More FDIC Bank Closing

On Friday evening, the FDIC reported that it has taken over an additional bank (San Joaquin Bank) for a cost to the FDIC of around $103 million. This...
Oct 17, 2009 | Budgets & Projections

A Really Big Deficit

The message from the end of the year deficit number is clear: we must start planning how to get the deficit under control. A $1.4 TRILLION...
Oct 16, 2009 | Social Security

Obama Nominates New Social Security Trustees

Today, the White House nominated Charles Blahous, III and Robert Reischauer. Both have been nominated to fill vacant posts for public trustees on the...
Oct 16, 2009

Say 'Bayh' to the Debt?

This week, Senator Bayh (D-IN) and nine other Democratic senators sent a letter to Senator Harry Reid (D-NV) expressing concern over the size of the...
Oct 16, 2009 | Taxes| Other Spending

Meeting Today of President's Economic Recovery Advisory Board

Today PERAB, otherwise known as the Tax Reform Subcommittee of the President's Economic Recovery Advisory Board, is holding a meeting focusing on tax...
Oct 15, 2009 | Social Security

Administration Proposes One-Time Payment to Seniors

Today, the Social Security Administration (SSA) announced that, in light of the deflation experienced over the past year, there will be no COLA for...
Oct 15, 2009 | Taxes

Vetting the VAT

In a recent op-ed, Henry Aaron and Belle Sawhill argued that a value added tax (VAT) – a tax on consumption imposed piece-wise in various...
Oct 14, 2009 | Taxes

Congress pressured to extend tax credit for homebuyers

Today Congressional Quarterly reported that Congress is feeling pressure to extend the tax credit for homebuyers that was included in the...
Oct 13, 2009 | Health Care

Senate Finance Committee Passes Health Care Bill

 The Senate Finance Committee voted this afternoon 14-9 to pass the America’s Healthy Future Act of 2009 out of Committee. Republican...

What About Cutting Spending?

In their oped in the Washington Post today, Henry Aaron and Isabel Sawhill argue that raising taxes will be necessary to close the fiscal gap and...

Weekend Editorial Roundup

Here are the highlights from this weekend’s editorials on fiscal and budget policy:In an editorial titled, “The Greatest Show on Earth,...
Oct 9, 2009 | Taxes

Coalition Tries to Make a Stimulus Tax Break Permanent

Today, the Congressional Quarterly reported that a coalition of airport authorities, port authorities, and student loan lenders is pushing Congress...
Oct 8, 2009 | Economics

IMF World Economic Outlook

The IMF has recently released its monthly World Economic Outlook, the IMF’s premier publication on the state and health of both the global...
Oct 8, 2009 | Economics

Point-Counterpoint: When should we start caring about debt?

On the heels of yesterday’s debate in the LA Times, Maya MacGuineas participates in a point-counterpoint today with Dean Baker from Center for...
Oct 7, 2009 | Budgets & Projections

Cost of the Finance Committee Health Care Bill

Today the Congressional Budget released their analysis of the amended version of the America’s Healthy Future Act of 2009, the health care...
Oct 7, 2009

Debate on Necessity of Additional Stimulus

In response to high unemployment numbers, the Obama Administration is discussing the idea of a tax credit for employers that create new jobs. House...
Oct 6, 2009

Urban Institute Panelists Examine Exploding Debt

The Urban Institute hosted an event today on The Financial and Economic Consequences of an Exploding Debt. Len Burman, Norman Ornstein, Mike Mussa,...
Oct 6, 2009 | Budgets & Projections

Memo for FY2011 Budget Preparation: Positive Effects from Preannouncing Deficit Reduction

Faced with massive debt burdens coming out of the economic and financial crisis – even before the retirement and health care tsunami hits...

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