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.
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Congress Is Struggling to Produce a Budget, So Do It Yourself with Our Debt Fixer Tool
The federal budget is more than 3 months overdue and the national debt is headed towards record levels. Now, we provide you an opportunity to show...
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Mid-Session Review Shows How Much Worse the Deficit Has Gotten in the Past Year
The Office of Management and Budget (OMB) released the Mid-Session Review (MSR) last week, updating the President's FY 2019 budget projections with...
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Have Deficit Projections Doubled Because of the Tax Bill and BBA 2018?
Chairman of the House Ways and Means Committee Kevin Brady (R-TX) appeared on Fox Business this morning, where he was asked about CRFB's analysis...
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Panetta Recommends Budget Reform to JSC
Committee for a Responsible Federal Budget co-chair Leon Panetta testified before the Joint Select Committee on Budget and Appropriations Process...
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WATCH: Leon Panetta Testifies Before Budget Process Committee
Committee for a Responsible Federal Budget co-chair Leon Panetta testifies before the Joint Select Committee on Budget and Appropriations Process...
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Ways and Means Committee Considering $92 Billion of Tax Cuts
The House Ways and Means Committee today is marking up a package of 11 tax bills related to health care. The Joint Committee on Taxation (JCT)...
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Does CBO "Expect the TCJA to Significantly Boost" the Economy in 2018?
UPDATE: The FRBSF paper has been corrected to remove the erroneous claim that CBO’s growth estimates are well in excess of theirs. The below fact...
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Budget Process Changes in the FY 2019 House Budget
The Fiscal Year 2019 House budget resolution contains a number of interesting budget process proposals. The budget passed out of committee last month...
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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...
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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...
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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...
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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...