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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.

Jan 19, 2010

No New Taxes? Then Take the Spending Challenge

Obviously the fiscal situation facing the country is bad. Deficits are massive; the debt is headed towards unprecedented territory; and the weak...
Jan 15, 2010 | Budgets & Projections

In Defense of the Deficit Commission

Today, the AARP sent an email to its members encouraging them not to support the Conrad-Gregg commission. A coalition of conservative anti-tax groups...

On the President's Spending Cuts....

Yesterday -- citing CRFB's work -- The Stephen Dinan of Washington Times wrote that President Obama, in his first year, was more successful than...
Jan 14, 2010 | Economics

Announcing the "Announcement Effect Club"

Since CRFB called for a Fiscal Recovery Plan in July, a growing number of prominent economists, organizations, and opinion leaders have joined us in...
Jan 14, 2010 | Economics

Jobs and Policy

At the start of the new decade, one in every ten Americans is unemployed. By broader measures of unemployment (including discouraged workers who may...
Jan 14, 2010 | Taxes

Obama Proposes Bank Fee to Recoup Bailout Costs

President Obama has just proposed a fee on financial firms, stating his commitment “to recover every single dime the American people are owed....

House Sustains Obama Veto of CR; Budgeteers Yawn

The House voted Wednesday to sustain President Obama's veto of a Continuing Resolution to keep the government funded. Huh? Confused? Why wasn't this...

Two Major Reports Target Debt Reduction

In the past two days, at least two new voices have joined a growing chorus of organizations warning that our federal debt is growing at an...
Jan 13, 2010

First Hearing for the FCIC

The Financial Crisis Inquiry Commission, which was established to examine the causes of the economic and financial crisis, kicked off the first day...
Jan 12, 2010 | Taxes

Top Ten Tax Expenditures: JCT releases its annual report

Earlier this week the Joint Committee on Taxation (JCT), the congressional group that provides cost estimates and tax expertise to Congress, issued...
Jan 12, 2010 | Budgets & Projections

Fed Earns Money, TARP Loses It

The Federal Reserve announced, this morning, that it will transfer $46.1 billion in FY2009 profits over to the Treasury, higher than the $31.7...

Moving the Tax Expiration Goal Posts

The President may choose to submit a budget in which he extends the Bush tax cuts only temporarily—say for two years, rather than permanently...
Jan 11, 2010 | Economics| Budget Process

Deficit Hawks Love their Cake

Over the weekend one of our favorite bloggers, EconomistMom, joined an important discussion prompted by a Stan Collender blog that called out deficit...
Jan 11, 2010 | Budget Process

David Walker and the Federal Deficit on NPR

This morning on NPR’s Morning Edition one of our board members, David Walker, discussed his new book, Comeback America: Turning the Country...
Jan 11, 2010

One More FDIC Bank Closing

On January 8, the FDIC reported that it has taken over an additional bank (Horizon Bank) for a cost to the FDIC of about $540 billion. This brings...
Jan 8, 2010 | Budgets & Projections

CBO Monthly Budget Review Shows Record December Deficit

The government ran record deficits of $390 billion in the first quarter of FY2010, according to the CBO’s Monthly Budget Review. Even last year...

How Much Will Health Reform Cost?

UPDATE: CMS released its estimates of the final Senate bill on Friday.The short answer is that it depends who you ask. Today, the RAND...
Jan 8, 2010

Laura Tyson Argues for Deficit Reduction

Laura Tyson, a former chair of President Clinton’s Council of Economic Advisers, warned in a Bloomberg op-ed this morning that cutting back on...
Jan 7, 2010

Rivlin Says U.S. Debt Scolds Cannot Be Ignored Much Longer

CRFB board member and former CBO and OMB director, Alice Rivlin, argued in Bloomberg, today, that policymakers should put a deficit-reduction...
Jan 7, 2010 | Health Care| Taxes

Obama Said to Support Tax on Health Insurance

According to the Associated Press, President Obama has encouraged House leaders to support the Senate's excise tax on high-cost insurance plans. As...

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