Committee for a Responsible Federal Budget
Washington Monument

Blog | June 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.

Senate Armed Services Committee Report

As our nation’s debt continues along its unsustainable path, it has become increasingly essential for a comprehensive fiscal plan that targets...
Jun 29, 2011 | Taxes

GAO Study: Complexity of Tax Code is Costly

Yesterday the Government Accountability Office (GAO) released a study on the complexity of the federal tax code at a Senate Finance Committee hearing...
Jun 28, 2011

Senators Lieberman and Coburn Release Medicare Proposal

Earlier today, Sens. Joe Lieberman (I-CT) and Tom Coburn (R-OK) released a Medicare reform proposal similar to one that Sen. Lieberman proposed...
Jun 28, 2011 | Budget Process

CRFB's Maya MacGuineas Says U.S. Must Raise Debt Ceiling

Yesterday CRFB President Maya MacGuineas appeared on Bloomberg Television to talk about how imperative it is to address our dire fiscal outlook while...
Jun 27, 2011 | Budget Process

The Consequences of Default

Last week the Economist published an article entitled America's debt ceiling: The mother of all tail risks. This article explains what could happen...
Jun 27, 2011 | Budgets & Projections

CBO Makes the Case for Strict Pay-As-You-Go (PAYGO) Rules

In their recent Long Term Outlook, CBO shows the nation to be on an unsustainable fiscal path if we continue our current policies. Under its...
Jun 27, 2011

MY VIEW: Erskine Bowles & Alan Simpson

In a recently published op-ed in The Hill, CRFB board members Erskine Bowles and Alan Simpson write that a serious fiscal reform plan must be agreed...
Jun 27, 2011 | Taxes| Other Spending

‘Line’ Items: Columbo Edition

Where Is Our Columbo? – Peter Falk, the award-winning actor best known for playing the rumpled, yet wily, Lt. Columbo, died on Thursday. Falk,...
Jun 24, 2011 | Budgets & Projections

The Economic Effects of High Debt

Continuing our analysis of CBO's Long-Term Outlook, we looked yesterday at the policy assumptions under CBO's two budget paths and at spending and...
Jun 24, 2011 | Budget Process

A Solution for the Debt Ceiling Debate?

Despite House Majority Leader Eric Cantor’s (R-VA) decision yesterday to withdraw from the Biden-led negotiations to avoid default, there is...