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.

Sep 28, 2009

Moody's Still Cautionary on U.S. Debt

Fears over any near-term U.S. inflationary pressures may have eased for the moment. Moody’s recently reassured investors that it didn’t...
Sep 26, 2009

One More FDIC Bank Closing

On Friday evening, the FDIC reported that it has taken over an additional bank (Georgian Bank) for a cost to the FDIC of around $892 million. This...
Sep 25, 2009 | Health Care

Finance Committee to Continue Work on Health Bill Next Week

This has been a big week in the Senate Finance Committee regarding work on the health care reform bill. The Committee endued many all-day sessions...
Sep 25, 2009 | Taxes

People Pay Taxes

The simple truism that tax professors try to teach, and politicians try to ignore, is that people pay taxes. All taxes are passed onto people in one...
Sep 25, 2009

More Pandering to Seniors

Yesterday, the House voted 406-18 to prevent an 8 percent increase in Medicare premiums for 11 millions seniors, many of whom are well-off. At a time...
Sep 24, 2009 | Budgets & Projections

Elmendorf Explains Dismal Fiscal Picture to Economists

UPDATE: Read Elmendorf's take on his talk.Today, several of us at the CRFB staff attended a National Economists Club lunch with Congressional Budget...
Sep 24, 2009

GAO Report Says AIG Bailout Repayment Remains Unclear

The Government Accountability Office (GAO) recently issued a report (congrats to Andrew Samwick for pointing this out) on the status of government...
Sep 24, 2009 | Economics

The G-20 Summit and Beyond

As the G-20 Summit gets underway in Pittsburgh, what should we hope to hear from the G-20 leaders?That they are prepared to continue supporting...
Sep 23, 2009 | Economics

Fed's Monetary Policy Committee Sees Improvement; Policies Stay Unchanged

Following its two day meeting yesterday and today, the Fed’s monetary policy setting body (the Federal Open Market Committee or FOMC) released...
Sep 23, 2009 | Health Care

Chairman's Mark of Finance Committee Bill, and Proposed Amendments

Today, the Senate Finance Committee is continuing to mark-up the Committee’s health care reform bill. In total, the Committee is considering...
Sep 22, 2009 | Economics

Fiscal Roadmap: "Deficit Reduction: Lessons From Around the World"

The U.S. economy appears to be gradually recovering, and positive growth is expected now and for the rest of the year. Looking ahead, however, U.S....
Sep 22, 2009 | Budgets & Projections

A Gimmick We Like

We spend a lot of time warning about budget gimmicks. But OMB’s new contest for federal employees to submit ideas for how the government can...
Sep 22, 2009 | Social Security

Understanding What Happened to My Social Security COLA

AARP Public Policy Institute recently held an event on the impact of a period without a cost-of-living adjustment on Social Security beneficiaries...
Sep 21, 2009

Pressure to Extend Expiring Stimulus Provisions Likely

Recently, Senate Majority Leader Harry Reid announced his support for the extension of the First-time Homebuyer Tax Credit by signing on as a...
Sep 19, 2009

One More FDIC Bank Closing

On Friday evening, the FDIC reported that it has taken over an additional bank (Irwin Union Bank and Trust Company) for a cost to the FDIC...
Sep 18, 2009

Financial Crisis Inquiry Commission Kicks Off Work This Week

This week, members of the 10-person, bipartisan Financial Crisis Inquiry Commission met for the first time to begin efforts to investigate the causes...
Sep 18, 2009 | Budgets & Projections

Treasury Ends Money Market Fund Guarantee

Today, the Treasury announced the end of the Guarantee Program for Money Market Funds. According to the Treasury, risk of a “catastrophic...
Sep 17, 2009 | Budget Process

Event Recap - Beyond PAYGO

Yesterday the Peterson-Pew Commission on Budget Reform hosted its first public event -- Beyond PAYGO. Five panelists discussed recent proposals to...
Sep 16, 2009 | Health Care

Comparing Costs of the Health Care Reform Bills

Click here for CRFB's latest comparison chart, along with interactive graphs, comparing the costs and savings of the bill passed by the House to the...
Sep 16, 2009 | Budget Process

Peterson-Pew Commission Policy Paper on Budget Reform Proposals

Today, the Peterson-Pew Commission on Budget Reform issued its first policy paper, “A Closer Look at the President’s FY 2010 Budget...

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