Committee for a Responsible Federal Budget
Washington Monument

Blog | July 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.

CBO Scores the Reid and Boehner Plans

Update: CBO has just released its own comparison table of the Reid and Boehner plans, where it now breaks out the war and non-war interest...
Jul 29, 2011

MY VIEW: Alan Simpson, David Stockman and Bill Frenzel

CNN recently invited several former Washington leaders to offer their thoughts on Washington's debt-ceiling gridlock, and we are proud to say that...
Jul 29, 2011

What the Ratings Agencies Have Said

During the debt ceiling debate, what the credit ratings agencies have said can get lost in the shuffle. So, a summation of what each of the three...
Jul 29, 2011 | Economics

Low GDP Growth and Stalemate in the Congress

With the Bureau of Economic Analysis releasing tepid GDP numbers of only 1.3 percent growth and last night's failure of the House of...

If You’re Going to Rely on Savings Targets, Specify the Baseline

As CRFB has certainly been making clear, we would prefer a "big deal" that dealt with all areas of the budget and reduced debt as a share...
Jul 28, 2011 | Budgets & Projections

CBO on Selling Excess Federal Property

Many of the fiscal plans produced over the last several months -- including the Gang of Six plan and the President’s budget -- propose selling...
Jul 28, 2011 | Economics

Fed's Beige Book Points to Slowing Economy

Fed’s latest Beige Book, released yesterday, pointed to slowing growth (but still positive growth) across many economic sectors and regions. On...
Jul 27, 2011

Updated Boehner Proposal

Speaker of the House John Boehner has released an updated version of his debt ceiling proposal which, according to a new CBO score, achieves an...

More Support for the Gang of Six

As the debt-ceiling proposals from Rep. Boehner and Sen. Reid continue to be debated, support for the comprehensive, balanced proposal offered by the...
Jul 27, 2011 | Economics

Recent Study Ranks U.S. Debt Fifth Largest Among Major Economies

A recent report from the Associated Press Global Economy Tracker found that the U.S. national debt (as a percentage of GDP) is the fifth largest...

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