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.
Image
By 2048, Only 6% of the Budget Will Go to Children
The Congressional Budget Office's (CBO) recent long-term budget outlook not only forecasts rapidly rising levels of debt but also suggests a declining...
Image
CBO Projects Social Security Will Run Out of Funds in 13 Years
As we've warned many times before, Social Security is rapidly headed toward insolvency. Recent projections from CBO's Long-Term Budget Outlook suggest...
Image
Health Care Spending in the Long-Term Outlook
The Congressional Budget Office's (CBO) long-term outlook shows debt reaching an all-time record as a share of GDP by 2034 and nearly doubling as a...
Image
The Deficit Is Not "Coming Down Rapidly"
This morning, White House National Economic Council Director Larry Kudlow appeared on Fox Business and made the following claim (emphasis added): "As...
Image
Concerned Actuaries Group Publishes New Analyses on Health Care System’s Sustainability
Last month, the Committee for a Responsible Federal Budget and the Concerned Actuaries Group launched the American Health Care Initiative, a...
Image
CBO is Pretty Good at Estimating Spending
In March 2016, CBO estimated the federal government would spend $4.06 trillion for fiscal year (FY) 2017 – a number that would increase to $4.08...
Image
CBO Releases 2018 Long-Term Outlook
The Congressional Budget Office (CBO) just released its annual Long-Term Budget Outlook, which shows the United States is on an unsustainable fiscal...
Image
How the House Could Meet the Budget Resolution's Reconciliation Instructions
The FY 2019 House budget resolution calls for $6.5 trillion of policy savings over ten years, but the true action is in the reconciliation...
Image
Maya MacGuineas: Rescission Fight About Much More than a Few Billion Dollars
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
Image
Did the U.S. Really Spend $7 Trillion on Middle Eastern Wars?
In a roundtable in Minnesota yesterday, President Donald Trump claimed "we have $7 trillion in the Middle East", a rephrasing of his previous claims...
Image
Goldman Sachs Warns that the US Fiscal Outlook is “Not Good”
In a report released last month by Goldman Sachs, Chief Economist Jan Hatzius describes the U.S. fiscal outlook as “not good.” If left unchanged, the...
Image
Summarizing the FY 2019 House Budget Resolution
House Budget Committee Chairman Steve Womack (R-AR) released his Chairman's Mark of the House FY 2019 budget resolution. The budget resolution calls...