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.

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...
Oct 6, 2009 | Taxes

The U.S. Taxpayer and the IMF

For the U.S. taxpayer, last weekend’s International Monetary Fund (IMF) meetings in Turkey were a reminder of the importance of global...
Oct 5, 2009 | Budgets & Projections

TARP -- One Year Later

Saturday marked the one-year anniversary of the Troubled Asset Relief Program (TARP), established as part of the Emergency Economic Stabilization Act...
Oct 5, 2009

Three More FDIC Bank Closings

On Friday evening, the FDIC reported that it has taken over an additional three banks (Southern Colorado National Bank, Jennings State Bank, and...

Weekend Editorial Roundup

This weekend, there have been a number of editorials about fiscal and budget policy. Among them:USA Today argued for "patching" the...
Oct 2, 2009 | Economics

September Unemployment Rate and Uncertain Outlook

To those watching the economy as it enters into positive territory and the financial markets as they seemed to be getting into gear again, today...
Oct 2, 2009

This Week's Finance Committee Markup

 The Senate Finance Committee wrapped up work today on the markup of their Health Care Reform legislation, America’s Healthy Future Act....

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