Committee for a Responsible Federal Budget
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Blog | May 2011

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.
May 31, 2011 | Taxes

Ending Tax Breaks Will, In Fact, Help the Budget

The Washington Post has a story today saying that ending retirement savings tax expenditures would save little money. The argument is a familiar one...
May 27, 2011 | Taxes

Taking a Closer Look at the Charitable Deduction

Though recent discussion about "spending in the tax code" has brought fresh attention to tax expenditures, much of the discussion has been...
May 27, 2011

Trading of Credit Default Swaps on U.S. Debt Doubles

Trading of credit default swaps (CDS) insuring U.S. treasuries has doubled in the last year in response to fears over our inability to deal with our...
May 27, 2011 | Social Security

WaPo Endorses Chained CPI, Cites Moment of Truth Project Paper

Today's editorial in the Washington Post, "The Chained CPI, an easy way to save money," endorses switching to the chained CPI for...
May 26, 2011 | Budgets & Projections

Senate Rejects Four Budgets

Yesterday, the Senate voted on four budget resolutions (Sen. Rand Paul (R-KY), Sen. Pat Toomey (R-PA), Rep. Paul Ryan (R-WI)/ House Passed...
May 26, 2011 | Budgets & Projections

Comparing Six Fiscal Plans

Yesterday at the Peterson Foundation's 2011 Fiscal Summit, six think tanks--Heritage, AEI, EPI, Center for American Progress, Bipartisan Policy...
May 26, 2011 | Social Security| Taxes

It Depends on What You Mean by 'Almost as Large'

It seems like we are having Social Security deja vu. Just a couple weeks ago, we basically repeated our response from last September to those who...
May 25, 2011 | Taxes| Health Care

Biden Group Talks Update: Searching for More Cuts and Talking Triggers

The Biden group of debt negotiations resumed on Tuesday with the fourth meeting of the bipartisan group of lawmakers chaired by Vice President Biden...
May 25, 2011 | Budgets & Projections

Fiscal Summit Today

Fiscal policy experts and policymakers gather today for the second annual Fiscal Summit in Washington, DC, convened by the Peter G. Peterson...
May 24, 2011 | Budgets & Projections

FY 2012 Appropriations Update: The House Is in Motion

Attempting not to replicate last year's/this year's FY 2011 appropriations debacle, the House is moving the FY 2012 process in a...