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.
Farewell to QE2
June has come to a close. With that also comes an end of the second round of quantitative easing, known as QE2. QE2 started off small in August 2010...
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 all...
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...
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 a few...
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...
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 if...
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...
MY VIEW: Erskine Bowles and Alan Simpson June 2011
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...
‘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, who was...
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...
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 still...
Spending and Revenue in the Long Term Outlook
Spending and revenues in the long-term outlook is always an interesting topic to discuss. Just like with debt, you find words and phrases like...